News
GS&P to Design $1B Nashville Yards
The 15-acre redevelopment project will transform The Music City’s urban core. The $1 billion Nashville Yards development will add more than four million square feet of entertainment, retail, office and residential space.
Summit Hotels Lands $53M Courtyard by Marriott in Charlotte
The acquisition marks the company’s first purchase in the Charlotte, N.C., market. Summit Hotels also entered into an agreement with OTO Development to manage the 118-key hotel.
Griffin Industrial Nabs First Charlotte-Area Property
The company purchased a 277,000-square-foot industrial building for $18.6 million. The Class A warehouse is currently 74 percent leased.
Tamarac Medical Office Trades in $4M Deal
CRE Florida Partners’ Michael Rauch and Tom Robertson worked on behalf of the seller, while City National Bank of Florida provided $2.9 million in acquisition financing.
Suburban Atlanta Office Portfolio Trades for $47M
TerraCap Management selected Lincoln Property Co. to spearhead leasing efforts, while Crocker Partners will remain in place for property management of the assets.
C&W Completes Sale of Miami International Logistics Center
Lincoln Property Company purchased the property, a prime infill redevelopment opportunity, from Keating Resources. The facility was 88 percent leased at the time of the sale.
HFF Brokers Sale of Peninsula Executive Center in Boca Raton
The acquisition marks the buyer’s first major investment in South Florida. HFF assisted the new owner in procuring a $33.5 million mortgage to facilitate the transaction.
Himmel + Meringoff Nabs Queens Office/Warehouse Asset
The 127,000-square-foot property is conveniently located at 21-07 41st Ave., at the F train subway station in Queen’s Long Island City neighborhood.
CBRE Secures Financing for Silicon Valley Asset
CBRE, on behalf of Vista Investment Group, negotiated a $25.5 million non-recourse loan for Valley Creative Center in San Jose, Calif. The 167,000-square-foot office/R&D campus is located in the heart of Silicon Valley’s Golden Triangle.