News
Apollo Bank Promotes Joaquin Medina to SVP
Joaquin Medina will lead the bank’s Branch Division and will be responsible for establishing sales and business development strategies that will help expand the bank’s commercial deposit portfolio.
CBRE Closes Sale of Charlotte Business Park
The new owner plans to invest in multiple upgrades to the five-building property, including rebranding it as Oakhurst Commerce Centre.
Terreno Picks Up Miami Industrial Facility
The fully leased distribution facility sits on a 3.3-acre site and provides dock-high and grade-level loading positions, as well as parking for 49 cars.
Japanese Manufacturer to Build 1 MSF Hub in KC Area
Kubota Tractor Corp. plans to locate its North American distribution hub on 203 acres near the company’s current leased facility in Edgerton, Kan.
Lat Purser to Develop New Charleston-Area Office Buildings
Consolidated Planning will anchor the 14,871-square-foot, two-story development in Mount Pleasant, S.C. Lat Purser expects to complete the project in spring 2018.
Grandbridge Secures $65M Hotel Refi
The permanent, fixed-rate loan was funded through one of Groundbridge’s insurance company correspondents. The hotel is in close proximity to the Boulder Municipal Airport.
IL Retail Property Gets New Owner After 30 Years
The property is located half a mile from one of the largest retail shopping centers in Illinois, Woodfield Mall. The deal closed at $6.3 million.
HFF Brokers Suburban LA Shopping Center Sale
Located in Burbank, the 165,500-square-foot Plaza Del Sol’s unique mix of property types, full tenant roster and desirable ethnic grocery anchor proved a strong draw for investors.
Dermody Snags Seattle-Area Industrial Complex
The firm acquired the three-building property as well as 18 acres on which an additional warehouse will be built. Meridian Campus Corporate Park’s location is considered ideal for expedient distribution to the Northwest’s major population centers.
Transwestern Tapped to Lease Houston Office Park
The complex consists of two Class A buildings and a separate amenity center. Westchase Park I and Westchase Park II can accommodate new tenants ranging from 5,000 to 140,000 square feet.