Regions
Grandbridge Secures 221 KSF Minnesota Industrial Loan
The company arranged the five-year non-recourse, fixed-rate loan through Nationwide. The loan closed with an interest rate of less than 4 percent.
Stewart Promotes Tom Konkel to EVP
The commercial real estate industry veteran will also serve as director of commercial services. Konkel assumes this role after more than 25 years of working at Stewart.
First Industrial Sells Two SLC Industrial Buildings
Newmark Grubb ACRES has arranged the sale of the two properties in Decker Lake Industrial Park in West Valley City, Utah, totaling 98,000 square feet. The company represented both the seller and the buyer.
JLL to Lease Office Portion of Seattle Mixed-Use Campus
Developed by SECO Development, the 2.4 million-square-foot mixed-use project will include a three-building office campus, the 383-unit luxury Bristol Residences, 30,000 square feet of retail space and a 347-key Hyatt Regency. Occupancy for the office portion is set to start as early as July 2018.
Economy Watch: AIA Predicts More Construction Starts in 2018
The Architecture Billings Index has posted three consecutive months of design revenue growth, according to the AIA, which bodes well for construction spending growth next year.
Monday Properties Closes $888M NoVa Refi
The financing includes a future funding facility that will provide significant capital to meet additional long-term strategic investments and support tenant needs.
Access Industries Nabs Stake in Historic Sunset Boulevard Hotel
JK Hotel Group and Access Industries plan to refurbish the luxury 81-key property’s guest suites and its indoor-outdoor bar and dining area.
Capri EGM Nabs Comcast Denver HQ
Inova I marks the firm’s second major build-to-suit acquisition this year. From an investment perspective, demand for these assets has been strong over the last several years and continues to rise.
Trammell Crow, Clarion Team Up on Cali Logistics Center
RGA Architecture will serve as the project architect and Fullmer Construction is the general contractor. JP Morgan Chase provided financing for the project.
MetLife Taps Highwoods for NC Expansion
After having wrapped up construction on MetLife’s $125 million global technology headquarters in Cary in 2015, Highwoods Properties was selected to spearhead the development of a third building at the Weston Lakefront office park.