Mixed Use
Highly Crowdfunded Vehicle Hits Final Close at $151M
Origin Investments’ Fund III, raised from more than 450 investors, is intended to acquire $600 million in value-added commercial properties.
Westdale to Redevelop Historic Downtown Dallas Asset
Metropolitan Capital Advisors arranged the debt financing for the redevelopment of Mid Elm Lofts in Dallas on behalf of Westdale Real Estate Investment and Management. The project will completely restore the exterior of the buildings and rehabilitate and adapt the interior to preserve its integrity.
Emerson to Invest $100M in Ohio Facilities
Construction and renovation plans include updating and expanding office and lab space at the company’s Sidney, Ohio, location. Investments will be made over the next four years.
JV to Redevelop Historic Sunshine Theatre in NYC
A partnership between East End Capital and K Property Group purchased the 29,200-square-foot building for $31.5 million. The historic Houston Street cinema will close in January 2018, and will be transformed into a mixed-use development.
Boutique Thompson Hotel And Condos Planned For The River Walk
The Arts Residences at the Thompson Hotel, a 20-level mixed-use tower encompassing 66 luxury condominiums, is slated to break ground this summer.
Transwestern Brokers Leases at Walnut Creek’s Lyric
Bank of the West and Drybar have inked leases for a combined 4,500 square feet at a mixed-use development managed by Berkshire Communities, which is slated for completion by fall.
Brooklyn Reuse Project Receives $150M Bridge Loan
Glacier Global Partners and Triangle Assets landed the short-term financing for 10 Jay St., an 1890s building at the entrance of the newly developed 85-acre Brooklyn Bridge Park.
Premier Design Breaks Ground on Illinois Distribution Facility
The 133,951-square-foot build-to-suit project will serve as the new North American headquarters for OCM Inc. and Okabe Inc., two subsidiaries of the Japanese company Okabe Co. Ltd.
Clark Construction Leads $608M San Diego Mixed-Use Project
With the help of HKS Architects, the company will bring to life the North Torrey Pines Living and Learning Neighborhood, a 10-acre project that will include 2,000 beds, academic buildings, research facilities, and more.
Fifth Avenue Tower Lands $200M in Financing
Groundbreaking is scheduled for 2018, three years after Ceruzzi Holdings and SMI USA acquired the New York City development site for $275 million from Thor Equities.