News
Columbus Office Tower Lands a $30M Loan
Citizens Bank provided the loan to HEARN and CrossHarbor Capital Partners, the property owners. The money will be used for future capital projects and leasing costs.
Layher Acquires Baltimore Facility
The transaction closed at $2.5 million. The company plans to relocate its northeast region office to the new property by the end of the year.
Becknell to Expand Cincinnati Presence With 177 KSF Spec Building
CBRE assisted the company with the purchase of a 14-acre industrial site in the city of Fairfield, Ohio. The warehouse is expected to be delivered during the first quarter of 2018.
HFF Facilitates the Sale of 126 KSF Raleigh Business Center
Stoltz Real Estate Fund VI purchased the property from a partnership between Somerset Properties and Alex Brown Realty for $17.8 million.
Philly Investor Nabs Shopping Center in the Metro
The 359,673-square-foot property boasts good exposure and is situated off a major junction in Exton, Penn., only 30 miles from Philadelphia.
Portland Airport Expansion Flies High with Skanska
The international construction firm signed a $151 million contract with the Port of Portland to enlarge and renovate the facility’s Concourse E. The project is part of an overall $1.3 billion, five-year terminal improvement plan for the airport.
Canada REIT Enters CA Market With Office Portfolio Buy
The San Diego portfolio was acquired for $174.5 million and comprises nearly 670,000 square feet of Class A and Class B office space.
Phoenix Investors Expands MI Portfolio With 550 KSF Buy
The company purchased an industrial facility in Flint, Mich., for $3.2 million. The building is a former Delphi assembly plant that will undergo upgrades to house its new tenants.
Sage Realty Takes Control of Manhattan’s 77 Water Street
In April 2018 the building will convert from a triple-net-lease with Goldman Sachs back to a gross lease. The company secured future commitments with several tenants including law firm Lewis Brisbois Bisgaard & Smith LLP and engineering consulting firm Arup.
JLL Secures $96M for Philly Office Buy
In an unusual deal, Taconic Capital Advisors and Cohen Equities consolidated their ownership of a 13-story historic tower in the city’s Market East section.