News
Lidl Announces Opening Date for U.S. Stores
The company is opening supermarkets in North Carolina, South Carolina and Virginia. By the summer of 2018, Lidl plans to operate 100 stores across the East Coast, creating 5,000 jobs.
Atlanta Office Tower Welcomes First Tenant
Bennett Thrasher will lease three floors at the 299,000-square-foot office building. Riverwood 200 is slated for completion in mid-2017.
Lincoln Lands $6B Transit Center Management Assignment in SF
The company will lead a team with extensive experience in leasing, curating public spaces, marketing and branding, including Colliers, Biederman Redevelopment Venture and Pearl Media.
Movement Mortgage Opens Norfolk Operations Center
The company is investing $3.1 million in the new 93,000-square-foot office. The center is relocating 550 jobs from Movement’s former location in Virginia Beach and will be adding 200 more positions over the next three years.
WPB Office Building Adds Tenant, Rebrands
Stonegate Bank chose the property for its visibility and prime location. The building will change its name to Stonegate Bank Building by the end of 2017.
Historic Charleston Cigar Factory Lands $50M Refi
Constructed in 1881, the building now offers creative office space, a signature restaurant, high-end retail and grade-level parking. Patterson Real Estate Advisory Group secured the fixed-rate, 20-year loan.
Triple Five Closes $1.7B Loan for American Dream
The big-ticket project will bring 3 million square feet of retail and entertainment space to East Rutherford, N.J., including the largest indoor DreamWorks Water Park in North America.
Facebook Seattle HQ Commands $286M
Tristar Capital and RFR Holding have partnered to acquire Dexter Station, a 10-story, Class A office building in the city’s South Lake Union neighborhood.
Philly-Area Hilton Garden Inn Hotel Sells for $23M
The 146-key property underwent a $2.5 million renovation of the lobby and outdoor seating areas, as part of a value-add strategy implemented after the hotel’s acquisition in 2013.
Phillips Edison REIT to Acquire $1B in Sponsor Assets
The combined company, which is expected to reach a total enterprise value of $4 billion, will own 230 shopping centers in 32 states.