Metropolitan Capital Advisors
Marcus & Millichap Acquires Dallas Finance Firm
The brokerage heavyweight is growing in the Southwest with the acquisition of debt and equity specialist Metropolitan Capital Advisors.
Rainier Cos. Acquires Boston Retail Assets for $83M
Newmark Knight Frank oversaw the sale of a power center and lifestyle center totaling 418,970 square feet.
JV Obtains $15M Loan for Suburban Chicago Acquisition
The office building is located in Lombard, Ill., near several interstates. The new owners plan on upgrading the property’s amenities and bring lease rates to the current market value.
Frisco Retail Center Lands Financing
Victory Real Estate Group arranged a non-recourse mortgage for Victory Shops at Eldorado. The 13,600-square-foot shopping center in Frisco, Texas, is currently fully leased by a donut shop, nail salon and dentist offices.
Historic KC Building Comes Back to Life
East 9 at Pickwick Plaza, a mixed-use development in downtown Kansas City, Mo., opened its doors. UC Funds and Gold Crown Properties completed the $57 million renovation in less than two years.
Westdale to Redevelop Historic Downtown Dallas Asset
Metropolitan Capital Advisors arranged the debt financing for the redevelopment of Mid Elm Lofts in Dallas on behalf of Westdale Real Estate Investment and Management. The project will completely restore the exterior of the buildings and rehabilitate and adapt the interior to preserve its integrity.
Dallas Shopping Center Changes Hands
Kite Realty Group sold a 208,000-square-foot retail center in Dallas to Rainier Realty Investment. At the time of sale, Wheatland Towne Crossing was 92 percent occupied.
Kroger-Anchored TX Shopping Center Lands $19M Loan
Metropolitan Capital Advisors Ltd. has arranged a construction loan for the second phase of the Prosper, Texas, shopping center. The 70 percent loan-to-cost financing features a fixed rate of 4.5 percent.