Capital improvement
Coworking Space Coming to Houston’s Midtown Arts District
Lender iBorrow provided construction financing for the development of a 50-space coworking facility that will become REth!nk’s flagship location once completed.
Colony Capital Inks 29 KSF Atlanta Office Renewal
Bank of the Ozarks will continue to occupy its space in the Class A building, which the owner began renovating last year.
Cardinal Point Soars Into South FL
CalSTRS traded the Class A, LEED Silver office building for nearly $50 million. The buyer plans to renovate the asset, which was built in 1983.
Terreno Realty Lands $36M Industrial Asset
The East Bay property, roughly 82 percent leased to seven tenants, includes more than 200,000 square feet of distribution and 16,000 of office space across four buildings.
Meadow Partners Renovates Brooklyn Office Asset
The company has embarked on a quest to improve the Helen Keller Services for the Blind headquarters’ elevators, lobby and building systems.
Downtown Jacksonville Office Trades for $59M
The 23-story building—to be rebranded as VyStar Tower—recently underwent an expansive renovation program that included the addition of a fitness center and tenant lounge.
CREC Sells Orlando-Area Boutique Office
Heathrow International traded for $10 million, more than double the purchase price of $4.2 million the company paid for the asset five years ago.
Swift Real Estate Trades San Francisco MOB
The new owner, a joint venture including Harrison Street, picked up the asset for $30 million, funded by a $25 million acquisition mortgage.
St. Louis Mall Changes Hands
Hull Property Group picked up the 1.3 million-square-foot Chesterfield Mall, opened in 1976, from C-III Capital Partners, which took control of the asset after a foreclosure action in 2016.
Innovatus Capital Partners Grabs Dallas Office
The firm purchased the asset from Heady Investments, financing the acquisition with a $24.5 million mortgage from Citizens Financial Group.