Transwestern
Transwestern Welcomes New SVP
The company hired Franklin Byrd as managing senior vice president of corporate operations and finance. He has more than 25 years of experience in finance, accounting and compliance.
Economy Watch: U.S. Economy Strong, but Susceptible to Geopolitical Risk
Both the U.S. economy and real estate industry are enjoying stable, continued growth, but they remain vulnerable to potential policy changes and Federal Reserve moves, according to Transwestern’s latest report.
Layher Acquires Baltimore Facility
The transaction closed at $2.5 million. The company plans to relocate its northeast region office to the new property by the end of the year.
Keep Rising Rates in Perspective
Despite the Federal Reserve’s program to raise interest benchmarks, financing is still available for real estate transactions at historically low rates, explains Gary Limjuco, Transwestern’s senior vice president of structured finance.
Suburban Boston Tech Campus Trades for $46M
The seven-building Marlborough Technology Park in Marlborough, Mass., is home to a diverse and strong tenant roster that includes Cavium Inc., ViaSat, Oracle and Roche.
Fort Worth 177 KSF Office Building Changes Hands
Frontier Equity acquired One Ridgmar Centre, a 10-story office building in Fort Worth, Texas, from Navstar Commercial. Transwestern represented the seller in the transaction.
Majestic Realty Buys 228-Acre Wisconsin Development Site
With the assistance of Transwestern, Rime Investments sold the property, located halfway between Chicago and Milwaukee. The land can accommodate as much as 2 million square feet of industrial development.
Transwestern Sells 164-Unit Texas Community
Parkdale Pindo sold the asset located in Beaumont, Texas to Winslow Asset Management. Pindo Pointe was recently renovated and did not sustain damage from Hurricane Harvey.
Transwestern in Charge of Leasing Atlanta Office Tower
The 1.2 million-square-foot property is located in the downtown area and has been undergoing significant renovations. Director Greg Frankum will lead the seven-person team responsible for leasing the office space.
Monday Properties Hires New SVP
Wes Machowsky is the firm’s newest senior vice president of acquisitions, bringing vast real estate capital markets and leasing experience to the position.