Office
715 Peachtree in Atlanta Lands $62M Refi
The loan will allow Carter and PCCP to repay existing debt on the property, while also providing for tenant improvements and leasing capital.
Fort Lauderdale-Area Medical Office Campus Trades for $6M
Cushman & Wakefield facilitated the transaction and procured a long-term lease prior to the sale, securing an enhanced return for the seller.
Jacksonville Office Asset Trades in $23M Deal
CCP Commercial Real Estate purchased the property from DRA Advisors. The transaction benefitted from a $17.8 acquisition financing originated by NTX Capital LLC.
Watumull Acquires Denver Office Campus for $18M
The company purchased Clear Creek Business Center from Etkin Johnson Real Estate Partners. The business park comprises eight, single-story buildings and is currently 95 percent occupied.
Bentall Kennedy Teams Up With Warba Bank
The partnership’s initial investment is a Class A, 280,000-square-foot office building in Milwaukee, which serves as the world headquarters for ManpowerGroup.
Transwestern Sells 114 KSF Office Building in TX
CRE Brookhollow LLC has sold a two-story, 113,500-square-foot property in Arlington, Texas, to Arbor Hui LLC. Transwestern brokered the transaction on behalf of the seller.
Cress Expands Western Portfolio With $110M Buy
The company has acquired more than 800,000 square feet of office and flex industrial space in Southern California and Colorado in two transactions.
Alexander’s Cashes Out Nearly $200M in Manhattan Refi
The office portion of 731 Lexington Ave. in Manhattan received $500 million in refinancing, which matures in June of 2024.
Raleigh Office Building Changes Hands for $8M
HFF closed the sale of 3110 Edwards Mill, a 45,692-square-foot, Class A office building in North Carolina. A private investor purchased the asset from The Simpson Organization.
What to Consider When Subleasing Office Space
Ray Triana of Manatt, Phelps & Phillips, who specializes in legal advisement on finance, development and leasing, examines the risks and considerations that must be taken into account by involved parties before entering into a sublease.