Capital improvement
Marcus Partners Sells DC-Area Property for $88M
The office building is the first in the Washington, D.C., market to change ownership since the onset of the pandemic.
Turnbridge Equities Pays $37M for Durham Office Asset
Knighthead Funding originated a one-year, $21 million loan for the acquisition of Tower at Mutual Plaza.
Heritage Insurance Signs 89 KSF Tampa Lease
The tenant’s new headquarters is in a five-building campus undergoing a $10 million capital improvement plan.
Cushman & Wakefield Arranges $17M Phoenix Office Sale
The firm assisted both parties in the transaction of the three-building, 100,241-square-foot property.
Cushman & Wakefield Brokers Phoenix Office Deal
Executive Managing Director Eric Wichterman and Managing Director Mike Coover represented the seller in the nearly $17 million disposition.
CalSTRS JV Pays $51M for Seattle Office Asset
The 1980-built property last traded in 2018, when owner-occupier Econet sold the building for $21.5 million.
RMR Completes Revamp of DC Medical Property
The company partnered with SmithGroup Architecture and DAVIS Construction for the $26 million redevelopment project.
Marcus & Millichap Brokers Texas Storage Sale
Brandon Karr and Danny Cunningham assisted the seller of a four-property portfolio totaling 1,835 units.
Austin Storage Portfolio Changes Hands
Morgan Stanley Bank provided a $14.1 million loan for the purchase of the three properties that total 177,442 net rentable square feet.
JLL Arranges Sale, Loan for Phoenix Industrial Asset
Brian Ackerman brokered the deal on behalf of the buyer, Arizona Custom Blends, while Carl Beardsley facilitated the acquisition financing.