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Press Releases

SR COMMERCIAL COMPLETES THREE INDUSTRIAL TRANSACTIONS IN SOUTHERN CALIFORNIA

SR Commercial, a privately held, full-service commercial real estate investment company, has announced the completion of three recent transactions, including two acquisitions and a property sale, according to Adam Robinson, a Principal at SR Commercial…

GEORGE SMITH PARTNERS SECURES $81 MILLION IN FINANCING FOR THE ACQUISITION OF A RECENTLY DEVELOPED SOUTHERN CALIFORNIA MULTIFAMILY COMMUNITY

Commercial real estate investment banking firm George Smith Partners has successfully secured an $81 million bridge loan through GE Capital on behalf of its client, GH Palmer Associates, for the acquisition of The Paseos at Montclair North, a 385-unit …

E-RETAILERS GIVE CENTRAL FLORIDA INDUSTRIAL MARKET BIG BOOST, ACCORDING TO CBRE REPORT

Central Florida real estate occupied by e-commerce retailers, parcel delivery firms, and transportation/logistics companies hit an all-time high in 2014, according to a new report by CBRE Group, Inc., and demand from those users is projected to surge o…

Lake County’s Housing Services to relocate to new office in Tavares on June 8

Beginning Monday, June 8, Lake County’s Housing Services will be permanently relocated to a new office in the Citrus Rail Plaza, located at 2008 Classique Lane, Tavares. All services formerly offered at the previous office on Sinclair Avenue will be…

CBRE ARRANGES $3.5 MILLION REFINANCING FOR NEW DELRAY BEACH WALGREENS

CBRE Capital Markets’ Debt & Structured Finance team originated a $3.5 million loan to re-finance a ground lease of a future Walgreens location on Atlantic Avenue in Delray Beach, Florida.

USAA Real Estate Co. Claims Stake in Manhattan’s Hudson Yards Submarket with New Midtown West Office Portfolio

USAA Real Estate Company (“RealCo”) today announced the acquisition of two mid-block office properties located in Manhattan’s highest growth submarket, Times Square South which gives onto the 34th Street retail corridor, a high traffic pedestrian neigh…

Coup Joins C&W’s Agency Leasing Team in Tampa

Coup joins the existing team of Senior Director Mercedes Angell, Senior Director Paula Buffa, Senior Director James Moler, Director Jeff Lanning, Director Barry Oaks, and Associate Brian Breeding – all operating under the auspices of Managing Directo…

Spring sales and price growth continue in the New York State housing market

Home sales and selling prices continued on an upward trend in April, according to the housing market report released today by the New York State Association of REALTORS. The April 2015 sales total of 7,207 units was up 1.3 percent from April 2014.

Wells Fargo grants $500,000 to help revitalize Tucson

Community Food Bank of S. AZ, Pima Council on Aging, Tucson Clean and Beautiful-Trees for Tucson, Tucson Urban League, Old Pueblo Community Services, Our Family Services, Pima Community College Foundation to benefit from NeighborhoodLIFT program funds

Drawbridge Acquires Headquarters Property Leased to Nimble Storage in Durham, NC

Drawbridge Realty has acquired a single-story, 86,895 sq. ft., Class “A” office building located at 1015 Swabia Court, Durham, North Carolina for $14.75 million. The property is a 100% triple net (NNN) leased to Nimble Storage, Inc. (NYSE:NMBL) and ser…

Kennedy Wilson Announces Mandatory Conversion Of $100 Million Series A Preferred Stock Held By Affiliates Of Fairfax Financial Holdings

al estate investment and services firm Kennedy Wilson (NYSE: KW) today announced the mandatory conversion of all outstanding shares of its series A preferred stock that were issued in May and June of 2010

METROGROUP REALTY FINANCE SECURES $35.7 MILLION IN FINANCING FOR ITS CLIENT TO ACQUIRE BROADCOM BUILDING IN SAN JOSE

MetroGroup Realty Finance, a private, Orange County-based mortgage banking firm, has successfully arranged $35.7 million in financing on behalf of its client for the acquisition of the 200,000 square-foot Broadcom Building in San Jose, California.

C&W Announces $166 Million in April Transactions

Cushman & Wakefield today released its April 2015 transaction report highlighting more than 3.1 million square feet of commercial real estate transactions valued at more than $166 million. The details of these transactions can be found below.

New Workforce Housing at Studio 819, a Mixed-use Studio Apartment Community, Celebrates Grand Opening in Mountain View, CA

On Tuesday, May 19, 2015, the City of Mountain View celebrated the grand opening of Studio 819, a new affordable community by ROEM Corporation and Eden Housing in partnership with the City of Mountain View. The grand opening celebration was held at 819…

Ashford Trust Announces Acquisition Of 9-Hotel Portfolio For $224 Million

Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that it has signed a definitive agreement to acquire a 9-hotel portfolio for total consideration of $224 million in cash ($179,000 per key).

Local Military Veteran Receives Home From Citizens Bank

As part of its ongoing commitment to give back to the community, Citizens Bank is donating a renovated, mortgage-free house in Rhode Island to a combat-wounded military veteran and his family. The donation was arranged through the Military Warriors Sup…

NAI Capital Represents Buyer and Seller in 81,975 SF Office Sale in Riverside

NAI Capital was instrumental in representing both the buyer and seller of Mission Lakes in Riverside, Calif. An undisclosed investor based out of New York, which specializes in purchasing underperforming real estate loans, had only owned Mission Lakes …

NAI Capital Arranges $4.6 million sale at Valencia Industrial Center

NAI Capital arranged the sale of a large 44,548 square foot warehouse in Valencia, Calif., on behalf of the seller Mr. Harry E. Acker. Mr. Acker, purchased the warehouse in 1988 as the corporate headquarters for his electronics parts distributorship bu…

CBRE CLOSES $29 MILLION SALE OF ORLANDO APARTMENT COMMUNITY

CBRE Capital Markets arranged the sale of Laguna Oaks, a 360-unit gated community in Orlando, Florida. Located at 3211 S. Semoran Blvd., the lakeside property was acquired from Ram Realty Services by Avesta Communities for $29.15 million. CBRE’s She…

The Boulder Group Arranges Sale of Net Leased Starbucks Property Located in Chicago

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Starbucks property located at 7101 South Stony Island Avenue in Chicago, IL for $1,460,000.