Tag: business
CBRE ARRANGES $157 MILLION IN FINANCING FOR 1.6 MILLION-SQ.-FT. OFFICE PORTFOLIO IN SUBURBAN...
CBRE Capital Markets’ Debt & Structured Finance team originated $157 million in bridge financing for the acquisition of a 29-property office portfolio in suburban Philadelphia, Pennsylvania. The Class A and B properties total 1,611,961-sq.-ft. a...
C&W Brokers Sale of Tampa’s Westshore Center
Cushman & Wakefield announced today that it has brokered the sale of Westshore Center, a 216,410-square-foot, Class A office building in Tampa, Florida. Executive Director Mike Davis, Senior Director Rick Brugge, and Senior Director Michael Lerner...
NAI Capital Completes Investment Sale in Simi Valley, CA
Vice President Scott L. Linklater with NAI Capital represented the buyer TD Land LLC on the purchase of a 31,633 square foot light industrial manufacturing facility in the city of Simi Valley, Calif. The seller was 3990 Royal Corporation, Inc. The tota...
ACME Moving and Storage Signs 10-Year Lease in Palm Desert
Senior Vice President Lynn Coker with NAI Capital secured a 10-year lease to ACME Moving and Storage. The company based out of Palm Desert, CA will open its largest location in California at 77550 Enfield Lane, Palm Desert, Calif. Coker, represented th...
NAI Capital Completes Sale of Sprouts Farmers Market in Claremont, CA
Senior Vice President Fariba Kavian with NAI Capital represented the seller HCLARE LLC on the sale of the 22,750 square foot Sprouts Farmers Market. The sale price was well over $12 Million. In addition, the buyer paid a prepayment penalty of approxima...
The Duncan Duo’s firm RE/MAX Dynamic Named to 2015 Inc. 5000 List of Fastest...
Inc. has announced that RE/MAX Dynamic-The Duncan Duo & Associates has earned the position of 561st on the 2015 Inc. 5000 list of fastest-growing private companies in America. They were one of only 159 real estate firms in the nation to appear on ...
BARBARA REA JOINS BKM CAPITAL PARTNERS AS DIRECTOR OF OPERATIONS & MARKETING
BKM Capital Partners, a fund manager and operator platform targeting value-add, multi-tenant industrial real estate in the Western U.S., has hired real estate marketing and operations executive Barbara Rea as its Director of Operations & Marketing
Consumers Energy Moving to Develop Renewable Energy with Community Solar Program in Michigan
Consumers Energy is moving forward with plans to add new sources of renewable energy in Michigan, launching its community solar program called Solar Gardens
Michigan International Speedway Named as Consumers Energy’s Green Generation Customer of the Year
Consumers Energy today honored Michigan International Speedway for its commitment to renewable energy, naming Michigan’s largest racetrack as its Green Generation Customer of the Year.
Youth1 Media LLC Establishes Headquarters at Morris Corporate Center III in Parsippany, N.J.
Youth1 Media, LLC, has announced the relocation of its Mountain Lakes, N.J., offices to Morris Corporate Center III, Building C at 400 Interpace Parkway in Parsippany, N.J. The company’s Youth1.com website serves as a national resource for youth spor...
ConAm To Increase National Management Portfolio: Names Julie Brawn-Whitesides as Executive Vice President of...
The ConAm Group (ConAm) is aggressively increasing its national multifamily property management portfolio through both company-owned and third-party fee management assets and has announced the appointment of Julie Brawn-Whitesides as its new Executive ...
Georgia MLS Releases July 2015 Housing Market Statistics
Georgia Multiple Listing Service (GAMLS), a real estate multiple listing service providing industry leading tools, services, and education to more than 26,000 real estate licensees across Georgia, has released the market recap for July 2015. The follow...
Banker Lopez Gassler P.A. Leases Full Floor at First Central Tower in Downtown St...
Banker Lopez Gassler P.A. is relocating its downtown St. Petersburg office to First Central Tower later this year. The law firm has leased a full floor, 15,296 square feet, at the building. The long term lease was brokered by Mia Jarrell of Colliers In...
CBRE CAPITAL MARKETS BROKERS $8.3 MILLION SALE OF TAMPA APARTMENT COMMUNITY
CBRE Capital Markets arranged the sale of Hidden River Grande Apartments, a 212-unit waterfront rental community in Tampa, Florida to San Diego-based The Focus Group for $8.3 million. The complex is located at 8024 Hidden River Drive on the Hillsboroug...
BKM Partners Secure 29 Leases in Las Vegas
BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant industrial investments, has announced the completion of 29 leases in three of its Las Vegas industrial assets.
Top Louisiana Real Estate Company Ranks on the 2015 Inc. 5000 List of Fastest...
Inc. has announced that Darren James Real Estate Experts has earned the position of 975th on the 2015 Inc. 5000 list of fastest-growing private companies in America. Darren James Real Estate's revenue has increased by 900 percent in the last three year...
CBRE ARRANGES SALE OF HOLLYWOOD OFFICE PARK
CBRE arranged the sale of Venture Corporate Center, a three-building office community located at 3440 Hollywood Blvd. and 200-300 S. Park Road in Hollywood, Florida. The property, which is improved with three office buildings totaling approximately 253...
HANNA ATTENDS MD ECONOMIC DEVELOPMENT ASSOCIATION 2015 SUMMER CONFERENCE
Henry Hanna, CCIM, SIOR, Senior Advisor with Sperry Van Ness – Miller Commercial Real Estate recently attended the Maryland Economic Development Association (MEDA) 2015 Summer Conference in Baltimore, MD. Professionals from across the state met at th...
PASSCO COMPANIES ACQUIRES 598-UNIT CLASS-A MULTIFAMILY COMMUNITY IN NASHVILLE FOR $93.5 MILLION
Passco Companies, LLC has acquired The Lexington Apartments, a 598-unit, Class-A garden-style multifamily community located in the Bellevue submarket of Nashville, Tennessee for $93.5 million, according to Colin Gillis, Passco Companies’ Director of ...
Hunt Mortgage Group Refinances an Affordable Multifamily Property Located in Sterling, Virginia
Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided an $11.7 million Fannie Mae loan facility to refinance a multifamily property located in Sterling, Virginia. The loan term is 10-years, with seven-years of inter...
BKM CAPITAL PARTNERS SECURES 29 LEASES IN LAS VEGAS INDUSTRIAL ASSETS
Aggressive and attentive management, extensive capital improvement program and market intelligence put assets far ahead of underwriting. BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant industrial invest...
Kids in SF’s Potrero Public Housing Gear up for School at Backpack Giveaway
More than 200 K-5th grade children who live in the city’s Potrero Terrace & Annex public housing received free backpacks, essential school supplies, LeapFrog learning devices, books and back-to-school information at a special giveaway today.
TIAA-CREF to Acquire 70% Interest in 225 Binney Street in Cambridge, MA via JV...
TIAA-CREF, a leading U.S. financial services organization and the nation’s largest manager of U.S. institutional tax-exempt real estate assets*, today announced it has agreed to acquire a 70% stake in 225 Binney Street in Cambridge, MA from Alexandri...
SunLight General Capital Breaks Ground on New Solar Project in Westminster, MA
SunLight General Capital, a New York City based solar finance and development company, recently broke ground on a new 568 kW solar project in Westminster, Massachusetts. The project is being financed and built by SunLight’s investors, at no cost to t...
C&W Brokers $10.2 Million Sale Forum Corporate Park II
Cushman & Wakefield announced today that it has brokered the sale of Forum Corporate Park II, a 60,777-square-foot Class A office building in Fort Myers, Florida. Senior Director Rick Brugge, Executive Director Mike Davis, Senior Director Michael ...
LIV Sotheby’s International Realty Releases Mid-Year Luxury Market Report
On July 27, 2015, LIV Sotheby’s International Realty released a mid-year Luxury Report, which compares 2015 mid-year statistics, to those of 2014, for single family homes and condos valued at over $1 Million+.
Federal Home Loan Bank of Dallas Awards More Than $7.6 Million in Affordable Housing...
The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce that, in partnership with its member financial institutions, it has awarded more than $7.6 million in Affordable Housing Program (AHP) grants to 30 projects, primarily within its...
Meridian Capital Group Arranges $10 Million in CMBS Financing for a Best Western Hotel...
The $10 million, 10-year CMBS loan was provided by Rialto Mortgage Finance LLC and features a fixed rate and interest-only payments for the first year. This transaction was negotiated by Meridian Managing Director, Tal Bar-Or, Associate, Beau Williams,...
McGrath Family Sells Legacy Asset In San Diego
The McGrath Family, known in San Diego as pioneers in construction and real estate, have announced the sale of a portion of their retail portfolio encompassing 294,428 square feet in the Kearny Mesa submarket of San Diego, California to a commingled fu...
Conor Commercial and Globe Corporation Announce Launch of AZ|60 Industrial Development in Gilbert, Arizona
Joint venture partners, Conor Commercial Real Estate, a member of The McShane Companies, and Globe Corporation, are pleased to announce the acquisition of a 16-acre land parcel for the development of AZ|60 – a new two-building, 225,600 square fo...
