Regions
Brandywine Breaks Ground on $3.5B Philly Project
The firm will begin construction on the first phase, which will comprise educational facilities, research laboratories, corporate offices and more. Brandywine is partnering with Drexel University on the master-planned project.
SOMA Office Building Commands $27M
Situated in a growing tech hub in San Francisco, 945 Bryant Street boasts open floor plates, 15-foot ceilings and plenty of natural light. The transaction is Bridgeton Holdings’ fifth in the city and second this year.
Kidder Mathews Makes New Hires
Sean McNamara has joined Kidder Mathews’ Portland, Ore., office, where he will specialize in sales and leasing of industrial properties.
SoCal MOB Lands $25M Loan
The approximately 40,000-square-foot asset was subject to a fixed-rate construction loan. Keystone Mortgage Corporation will oversee financing.
Redeveloping Malls: An $8B Trend
A recent study by JLL shows that mall owners are investing billions in renovating their assets to meet the needs of the modern consumer. While these projects come with risks, the report makes a case for their rewards.
Transwestern JV Buys Seattle-Area Office Park
Equity Office Properties Trust sold Redmond Hilltop, a 178,769-square-foot office campus in Redmond, Wash., to a joint venture between Transwestern and Diversified International Partners.
TN Plastic Manufacturer Plans $42M Expansion
M&M Industries intends to expand its current Chattanooga plant and also acquire a new industrial building in the county. The investment is expected to create 110 new jobs.
Sonnenblick-Eichner Closes Seattle Hotel Sale
The company worked on behalf of the seller, to close the sale of Hampton Inn Southcenter, a 153-key property in Tukwila, Wash.
Moonwater Capital Snags Las Vegas Office Campus
SK+G Lab sold New Spanish Ridge, a 114,000-square-foot office park in Las Vegas to Moonwater Capital. At the time of sale, the asset was approximately 80 percent occupied.
Richmond Shopping Center Lands 4 New Tenants
The upcoming Brandy Creek Commons shopping center will be anchored by a 50,000-square-foot Publix supermarket. Divaris’ Richmond office inked four new leases, bringing the property to 92 percent occupancy. The project is slated for completion in the fall of 2018.