Capital improvement
SARA Investment Expands St. Louis Footprint
The nearly $9 million office acquisition marks the buyer’s ninth investment in the market. The upgraded asset is in the city’s Northwest suburb.
Historic Atlanta Office Property Changes Ownership
Completed in 1898, the W.D. Grant Building is one block away from Woodruff Park. Four Mile Capital and Kramer Real Estate Investments purchased it out of bankruptcy in 2017.
Dallas Office Building Gets New Management
Bradford Commercial Real Estate Services will also oversee leasing and ongoing capital improvement work at the 1981-built asset located roughly 4 miles north of downtown.
Hilton Introduces Revamped Phoenix-Area Hotel
The newest location for the company’s upscale DoubleTree brand is situated in Chandler, a city with a growing reputation as a technology and innovation hub.
Inland Empire MOB Lands Refi
The new mortgage pays down a previous $2.5 million CMBS loan on the 30,192-square-foot Class B property in Bermuda Dunes, Calif.
Principal Global Investors Trades NC Office Park
The two buildings changed hands for nearly $40 million and encompass some 165,000 square feet of Class A space in the metro’s Six Forks Road submarket.
Ashley Capital Buys 800 KSF Distribution Facility in VA
The new owner plans to begin work on a complete renovation at the industrial property, including rebranding it as Virginia Gateway Logistics Center.
CapRidge Buys Charlotte Office Property for $39M
The two buildings total more than 180,000 square feet of Class B space in the Southpark submarket. BBVA Compass Bank provided nearly $29 million in acquisition financing.
Historic Charlotte Office Asset Trades for $35M
Spaulding & Slye Investments acquired the 172,382-square-foot Class B office tower. Pacific Coast Capital Partners provided nearly $34 million in financing.
Appraisal District’s New Austin Office to Undergo Reno
TCAD acquired the building for nearly $9 million. Improvement work at 850 E. Anderson Lane is expected to commence later in November, with completion slated for May 2020.