Capital improvement
JLL Income Property Trust Pays $62M for Phoenix Office Buildings
The two properties were recently renovated in a $4.5 million capital improvement plan.
Novel Coworking Opens New Virginia Location
The flexible space provider’s new Norfolk facility spreads across four stories in the city’s downtown.
DC Office Portfolio Scores $31M Loan
Savills represented the borrower and secured a 10-year CMBS mortgage from Bank of America.
Sterling Organization Buys Dallas-Area Retail Center
With the acquisition of Town Center Colleyville, the company owns some 11 million square feet nationwide.
Bakersfield Office Building Changes Hands
Seller Adler Realty Investments had acquired the 151,124-square-foot property in 2005 as part of a nearly $56 million portfolio deal.
Lincoln Property, Goldman Sachs Team Up for San Francisco Office Buy
The transaction marks the first time the 1926-built property changed hands.
Waterton Enters Nashville With $140M Buy
Wells Fargo provided $105 million in acquisition financing through Freddie Mac for the nearly 1,000-unit value-add portfolio.
McCarthy Building Cos. Delivers New Tower at Arkansas Hospital
The 275,000-square-foot addition includes 68 new beds, operating rooms and diagnostic facilities.
Southwest Value Partners Buys 2 Phoenix-Area Hilton Resorts
The new owner plans substantial upgrades at the two Scottsdale properties.
Boutique DC Hotel Receives $18M Loan
The mortgage refinances an existing acquisition and renovation loan. Less than two years ago, the borrower completed an $800,000 upgrade at the property.