News
MetLife Brings 3 MSF Industrial Park to Metro Atlanta
A new large-scale Class A industrial distribution park called Lambert Farms Distribution Center is coming to Henry County.
Westrec Marinas Gets $10M Loan for Haulover Marine Center Development
Site work on a 508-rack marina storage has kicked off as developer Westrec Marinas acquired the necessary funds through Florida Community Bank. Holliday Fenoglio Fowler arranged the $10 million five-year, floating-rate construction loan on behalf of the borrower. The HFF team speaking for Westrec was led by managing director James Dockerty and senior real estate analyst Scott Wadler.
Century Communities Announces the Purchase of an Additional 527 Home Sites in Austin
Colorado-based Century Communities announced that its subsidiary Jimmy Jacob Homes acquired 527 premier home sites in two of Austin’s leading communities. A top 50 homebuilder in the United States and one of the top five fastest growing homebuilders by total revenue, Century Communities has insured a place among the top builders of Austin.
Stiles, Rockefeller Group Break Ground on 240-Unit Tower in Fort Lauderdale
Fort Lauderdale is poised to experience a first. Stiles Residential Group and The Rockefeller Group have broken ground on a multi-family project, the first ultra-luxury residential high-rise building in the city.
TruAmerica Buys M-F Portfolio in Colorado, Washington for $229M
TruAmerica Multifamily continues building its West Coast apartment holdings with the $229 million acquisition of a 1,514-unit portfolio in Colorado and Washington from Berkshire Group.
INTERNATIONAL: Leyou Chain Store, SF Express Lease 441 KSF at Goodman Landport Logistics Estate in China
The Goodman Group has signed leases with two tenants at Landport Logistics Estate: Leyou Chain Store which will occupy 247,570 square feet and SF Express, which signed up for a total of 193,750 square feet in Tianjin, China.
Transwestern to Manage KBS’ 490 KSF of Office Buildings in Metro Seattle
KBS has tapped Transwestern to manage two of its Class A office buildings, at 10800 and 10900 N.E. 8th St. in Bellevue, Wash. CBD.
Economy Watch: Residential Price Increase Continues Deceleration; Fischer Lauds Financial Reform
In June, U.S. home prices were up 8.1 percent year over year and 2.6 percent quarter over quarter, both of which reflect a slowdown in average price increases. Fed Vice Chairman Stanley Fischer said that some progress has been made on the financial sector reform front.
Northwood Ravin Breaks Ground on 400-Unit Apartment Property in Huntersville, NC
Responding to the continued call for multi-family accommodations in metropolitan Charlotte, N.C., Northwood Ravin has broken ground on the Apartments at Holly Crest, a 400-unit luxury rental community in Huntersville, N.C.
INTERNATIONAL: Blackstone’s LogiCor to Acquire 18 Logistics Properties in Europe for $375M
In an approximately $375 million deal, Blackstone’s industrial arm LogiCor has agreed to expand its portfolio with the acquisition of 18 logistics facilities in eight European countries.