Mixed Use
Capri Capital Nabs '360 Residences' Mixed-Use Project in San Jose for $118M
360 Residences, a mixed-use apartment high-rise in downtown San Jose, has come under the ownership of Capri Capital, courtesy of a $118 million transaction. Capri purchased the upscale multi-family property from SJ Real Estate Partners, a subsidiary of Kennedy Wilson.
MRA Group Sells 800 KSF Pennsylvania Tech Park
MRA Group has sold TEK Park, an 800,000-square-foot technology campus in Pennsylvania’s Lehigh Valley, to a New York-based investment group for more than $50 million.
Extension of Chicago’s Lake Shore Drive Latest Step for 600-Acre Mixed-Use Development
The announcement that Chicago’s Lake Shore Drive will be extended two miles south also highlighted the progress of Chicago Lakeside Development, a 600-acre mixed-use redevelopment of a former U.S. Steel South Works site.
Equity One to Build 133 KSF Retail Center in the Bronx
The New York City Economic Development Corp. has awarded a project to develop a retail development in the Bronx to Equity One, which won the NYCEDC’s approval with a $54 million, 133,000-square-foot proposal.
CBRE Unit Acquires Historic Seattle Office Tower by Foreclosure
Smith Tower, an iconic 42-story office building in Seattle, and the adjacent Florence Building, a 6,000-square-foot retail-and-mixed-use building, have been acquired by CBRE Capital Partners following a foreclosure.
Duke Realty Signs 1 MSF Industrial Lease for Carter's Inc. Near Atlanta
Duke Realty has signed Carter’s, a provider of children’s apparel and products, to a long-term lease that takes the previously empty 1 million-square-foot Park 85 Brazelton mixed-use campus near Atlanta to 100 percent occupancy.
Hard Rock Proposes $275M Entertainment Project in Northeast Ohio
Gambling that video lottery terminals at Ohio racetracks will soon be legal, Hard Rock International and Milstein Entertainment announced a joint venture to develop a $275 million gaming and entertainment center at Northfield Park, a northeast Ohio harness-racing track.
PCCP Provides $73M in Senior Loans to Three Properties
PCCP has provided approximately $73 million in senior loans, including $46 million to KHP Fund II L.P., a real estate private equity fund sponsored by Kimpton Hotels & Restaurants, to finance the repositioning of two hotels and $27.4 to refinance Millbrae Paradise, a residential development in Millbrae, Calif.
Boston's New Longwood Life-Sciences Building Leases 154 KSF
Courtesy of a many-layered deal involving multiple joint-venture partners, Boston’s Longwood area will see the construction of a 413,536-square-foot life-sciences center — and Dana-Farber Cancer Institute has inked a 154,000-square-foot lease in the property.
1.2 MSF Northmeadow Business Park in Atlanta for Sale
Five years after picking up Northmeadow Business Park in Atlanta for $93.5 million, an affiliate of BPG Properties Ltd. has put a for-sale sign on the 1.2 million-square-foot business park.