News
Stream Realty Jumpstarts 2015 with Multiple Industrial Leases
Stream Realty Partners has had a very busy new year. In spite of the recent concerns regarding the energy industry, in the first 45 days of 2015, the Dallas-based company managed to execute over 700,000 square feet of new, industrial leases in Houston.
Construction Starts on D.C.’s $400M Museum of the Bible
Construction of the massive Museum of the Bible, D.C.’s newest museum, started this month with the surgical demolition of a 1982 addition to the historical building at 400 Fourth St. SW. The more than $400 million project is expected to be completed in the fall of 2017.
Napa Multifamily Asset Commands $58M
A Napa multifamily property was recently acquired by a joint venture created between Security Properties and Intercontinental Real Estate Corporation. The entity acquired the property in a deal worth $58 million through its Security Properties Multifamily Fund II. This marks the eighth acquisition in the fund. Saratoga Downs Apartments is a Class A property that features garden style apartments and newly constructed townhomes. The transaction was arranged on behalf of both the buyer and seller by Seth Siegel and Jason Parr of Cushman & Wakefield.
International: Scotland’s Largest NHS Hospital Project Underway
Brookfield Multiplex has rolled up its sleeves to build Scotland’s largest ever public hospital project.
Sempra’s HQ Scores $30M in Financing
Shapery Enterprises recently secured a loan for its 101 Ash Street property, with the help of financing provider HFF. Shapery controls the borrowing entity, The Gas & Electric Headquarters Building – San Diego, LP, and received $30 million in financing for the property. The team that handled the financing process was led by HFF senior managing director Tim Wright and director Zack Holderman.
C&W Owner Seeks Private Buyer with Deep Pockets
Look for another shakeup in the commercial real estate world with reports that Cushman & Wakefield is up for sale.
ARCP Trades Apollo Corporate HQ
American Realty Capital Properties has capitalized on the increasing strength of the Phoenix commercial real estate market with a sale.
Hudson’s Bay to Launch Two Mega JVs
Hudson’s Bay Co. has entered into two agreements, with the aim to focus on real estate growth opportunities in the United States and Canada.
New Clay House to Get $12M Makeover
Richmond’s New Clay House is about to get a makeover. On Monday, February 23, the Richmond City Council and Planning Commission approved a project that will renovate and expand the permanent housing facility for the homeless.
HFF Fashions Nine-Digit Financing Deal for Five-State Hotel Portfolio
It’s a great time to be a borrower right now, according to HFF.