Capital improvement
SL Green Signs Anchor Tenant Near Hudson Yards
The REIT scored its first success with a 92-year-old office building that it’s under contract to buy. First Republic Bank will occupy some 211,000 square feet at the property.
Newmark Knight Frank Completes Santa Monica Creative Office Sale
Following a capital improvement program in 2014 that included building system upgrades, Prototype Industries sold the three-story boutique property for $16 million.
Major Renovations Planned for Houston Office Tower
Keppel-KBS US REIT’s 400,000-square-foot building will feature upgrades intended to maximize the property’s appeal to multiple generations of workers.
CapRidge Partners Buys Houston Office Portfolio
HFF arranged the sale and $91.3 million in financing for three properties situated in an urban infill location adjacent to some of the city’s most prominent neighborhoods.
Tampa CBD Office Tower to Undergo Major Revamp
Farley White Interests revealed plans for a multi-million-dollar renovation program. The landlord recently bolstered Fifth Third Center’s tenant roster with more than 22,000 square feet in leases.
Bank of Montreal Unit Takes 215 KSF at Durst Tower
The real estate owner signed financial services provider BMO Capital Markets to a 15-year lease at its One Five One office property in Midtown.
San Diego Building Goes From Vaults to Vets
Voit Real Estate Services leased a former bank vault facility to the Veterans Administration, which will operate it as an outpatient clinic once renovations and a major addition are completed.
TN Industrial Distribution Facility Trades for $24M
Superior 3rd Party Logistics Inc. already inked a 237,000-square-foot lease at the Couchville Pike Business Center I in Mt. Juliet with the new owner, a Fortress Investment Group-lead joint venture.
Suburban Atlanta Office Park Commands $24M
ESJ Capital Partners acquired the four-building Barrett Business Center from Pope & Land Real Estate and plans to undertake a comprehensive renovation process of the property.
Amerant Bank Provides $10M Refi for FL Shopping Center
Aztec Group arranged the fixed-rate loan on behalf of General Real Estate Corp. The owner recently wrapped up a comprehensive renovation program on the property.