Capital improvement
Metrogroup Secures Acquisition Financing for OC Asset
The company landed financing for 46 percent of the purchase price. The buyer recognized the property’s potential for value creation, given the nearby $450 million project underway.
Rexford Industrial Takes 3, Sells 1
The $71.5 million buy in the Los-Angeles area and Inland Empire brings the company’s 2017 industrial acquisition volume to more than $282 million.
MCA Realty Completes Sale of 88 KSF Retail Project
The company has sold the final building in the Brookhollow Freeway Showroom Center in Santa Ana, Calif., a 13,072 square-foot retail showroom currently occupied by Wine Exchange.
Third Phase of Surf City Pierside Pavilion Underway
Theory R. Properties is gearing up for the addition of a four-story building, which will house high-end retail, an upscale restaurant with a rooftop terrace and office space.
LA’s The Line Hotel Lands $93M Refi
Natixis has arranged the floating-rate financing for The Yucaipa Cos., owner of the 384-key lifestyle hotel in Los Angeles.
Nashville-Area Industrial Building Lands $18M Loan
Mission Capital refinanced existing debt on a fully occupied, recently upgraded industrial property, Interchange Business Center, a 792,000-square-foot building in La Vergne, Tenn.
FCA Goes Shopping in The Triangle
The company acquired Celebration at Six Forks, a 125,000-square-foot shopping center in Raleigh, N.C., for $19.1 million. FCA intends to make capital improvements to the property.
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