News
Boutique M-F Asset Attracts Buyer From Down Under
Austin’s flourishing economy is a major attraction for local investors and in the recent years it started receiving international interest too. Recently, Australian real estate fund manager EG Funds Management purchased its first property in downtown Austin.
CityCenter Condos Veer Toward Sellout
For a while there, the CityCenter project in Las Vegas was shadowed by the failure of the Harmon tower. The district’s fortunes have since turned, and amid the resurgence of the city’s economy the multifamily component is performing nicely. Veer Towers, the two-story luxury condominium project set up in the very core of CityCenter, continues to move units.
Pebblebrook Goes Fishing, Lands the Tuscan
Pebblebrook Hotel Trust, an entity that owns a number of hospitality facilities in the Bay Area, recently continued the expansion of its portfolio. Tuscan Fisherman’s Wharf was acquired for $122 million and will join six other San Francisco-area venues, part of Pebblebrook’s expansive West Coast hotel portfolio.
Independence Is Financed in Charlotte
By Eliza Theiss, Associate Editor NorthMarq Capital has arranged acquisition financing for one of the biggest office transactions this year, intermediating a $79.8 million loan for the purchase of a highly-prized office tower in Charlotte’s CBD “Square.” The floating-rate transaction was arranged by Keith Braddish, managing director of NorthMarq Capital’s New York metro based regional […]
New Griffin REIT Grabs MGM Campus
As the residential market continues its climb from the deep canyon created by the recession, the city’s office market is also continuing to improve, generating investor interest. Griffin Capital Essential Asset REIT II, an entity created in 2014, recently completed the purchase of a fully leased office property in the Las Vegas market, the trust’s seventh addition to its portfolio and the first acquisition completed in the state of Nevada.
Chain Reaction? Yet another Large Commercial Sale in Sawgrass Area
Almost immediately after the sale of a 45,000 square-foot flex-industrial building at 700 Sawgrass Corporate Parkway in Sunrise, another prime commercial property, the 106,648 square-foot Sunrise Corporate Plaza changed hands just a few corners down the street.
Design District to See New Development? Aztec Just Dropped a Hint
The southeastern part of Buena Vista, better known as Miami’s Design District may soon be enriched by a new mixed-use development.
On-Campus Student Housing Complex Opens at Marian University
Sustained by a healthy demand, an increasing number of student housing projects will soon come online in Indianapolis.
The Gap Strategy
Retail experts weigh in on what Gap’s shuttering of close to 200 stores means for retail real estate.
Sun Life Financial to Grab Bentall Kennedy
Top U.S. and Canadian real estate and mortgage investment teams are about to merge to serve a global client base.