Tuesday, November 26, 2013
The Continually Escalating Showdowns in Washington Cast a Pall Over the Recovery—and the Real Estate Sector
Anne Monaghan / Monaghan Communications
Meridian Property Company announced that it is nearing completion on four state-of-the-art outpatient clinics intotaling over 40,000 sq. ft. and valued at over $15.2 million.
Marcus & Millichap Real EstateServices arranged the sale of The Village at Lawrence Station, a four-building, 56-unit apartment complex in the Silicon Valley city of Santa Clara, Calif. The $11.4 million sales price equates to $203,000 per unit.
Cole Capital, the private capital management business of Cole Real Estate Investments, Inc., announced the acquisition of five single-tenant corporateby Cole Corporate Income Trust, Inc. (CCIT).
HFF arranged $100 million in financing for Tower at Cityplace, a 1.3 million-sq.-ft., class-A office tower in, Texas.
A Dallas-based limited partnership has sold 40.8 acres in southwest Arlington to Athlos Academy, a charter school operator that has invested nearly one year into rezoning the property for its planned use.
Monday, November 25, 2013
HFF announced today that it has closed the sale of Waterhouse Place, a 279-unit, garden-style multi-housing community in Beaverton, Oregon. HFF marketed theon behalf of the seller, a joint venture between Guardian Real Estate Services and a value-added fund advised by UBS Global Asset Management. A joint venture between Holland Partner Group and an affiliate of Heitman purchased the property free and clear of existing debt.
Organic Monitor, New Hope 360
HFF announced today the sale of Park Square, a 159-unit, luxury apartment community located in downtown Rahway, New Jersey.
PRESS RELEASE: Transwestern-Managed Freeport-Mcmoran Center Awarded 2013 TOBY Honor from Boma Greater Phoenix
Transwestern today announced that the Freeport-McMoRan Center received The Outstanding Building of the Year (TOBY) Award for 2013 from the Building Owners and Managers Association (BOMA), Greater Phoenix chapter.
Linda Alexander (email@example.com)
Harbor Group Management Company (HGMC) an affiliate of Harbor Group, LLC, has been certified as an ENERGY STAR Leader by the United States Environmental Protection Agency (EPA).
Two dozen commercial real estatefrom across Greater Boston – representing a Who’s Who of the region’s Brokerage community -- recently attended a reception at the Ten99 Hingham Street building in Rockland (MA) sponsored by The Grossman Companies, Inc.
Commercial real estate professionals are known to be a competitive group, and working toward the title of "best moustache" is no exception for 26 Cushman & Wakefield brokers based in the firm's East Rutherford.
Friday, November 22, 2013
Stan Johnson Company announced it has hired Sam Alison, a 19-year veteran in commercial real estate. Alison will become the West Coastdirector.
NAI James E. Hanson announced the renewal of a 23,200-sq.-ft. lease on anfacility located at 8 Kulick Road in Fairfield, N.J.
HFF announced that it has closed the sale of and arranged financing for Two Century Centre, a 221,177-sq.-ft., class-Aproperty in Schaumburg, Ill.
HFF announced that it has closed the sale of and arranged financing for the remaining 39 unsold units at Gables Court, a 159-unit, class- A condominiumin Miami.
HFF has closed the $361 million sale of 10 and 120 South Riverside Plaza, a two-building, 21-story class-A office property totaling more than 1.4 million sq. ft. in's West Loop.
HFF marketed the property on behalf of the seller, TIER REIT, Inc. An affiliate of Ivanhoe Cambridge advised by Callahan Capital Properties purchased the asset for $361 million.
Thursday, November 21, 2013
Jones Day has signed a 20-year, 330,210-square-foot lease for floors 27 through 34 of Brookfield Place, located at 250 Vesey Street, in a transaction brokered by Studley, the leading global commercial real estate services firm specializing in tenant representation.
Wednesday, November 20, 2013
PRESS RELEASE: HFF Named To Market For Sale Two Newly Constructed Multi-Housing Communities In Indianapolis Area
HFF announced that it has been named to market for sale Solana Apartments at the Crossing, a 384-unit, class-A multi-housing community to the north of downtown Indianapolis and Penn Circle Apartments, a 193-unit, class-A community in Carmel, Indiana.
Tuesday, November 19, 2013
Data Stream LLC, a technology services company focused on pioneering the next great era of technology driven business, has signed a 7,882-square-foot lease at theBoard of Trade Building.
A group that includes UrbanPartners (UIP), PRP LLC, and Perseus Realty has acquired the 289-unit Capitol Park Towers apartment complex in Washington, DC.
Cushman & Wakefield announced that its equity, debt & structuredgroup arranged a $17.4-million loan for affiliates of Walton Street Capital LLC and Levin Realty Advisors LLC for the acquisition of 163 unsold condos within the 210-unit Mirasol at Celebration.
Transwestern's Houston headquarters announced it has been awarded the leasing assignment for Solon Industrial Park, a 27,000-sq.-ft. industrial. The project is being developed and designed by Webb Development.
CBRE announced the sale of the Dixon StreetPortfolio located in Des Moines, Iowa to Glen Una Management Company, a private real estate investment firm based in San Francisco, for a total purchase price of $14.675 million.
Faris Lee Investments has completed the $10.8 million sale of Willow Run Shopping Center located at 12900-12910 N. Zuni Street in Westminster, Colo., a northwest suburb of Denver.
PRESS RELEASE: Berkadia Secures Nearly $16 Million In Financing For Suburban Chicago Apartment Complex
Berkadia Commercial Mortgage
Theoffice of Berkadia Commercial Mortgage LLC (Berkadia) recently closed a $15.8 million loan through the U.S. Department of Housing and Urban Development’s (HUD) 223(f) program for an apartment complex located in Romeoville, Ill.
In an off-market transaction, SkyWalker Property Partners has acquired a fully leasedasset in South Fort Worth for Hangover Opportunity Fund LLC, which has added 11 properties to its portfolio in seven months.
Taylor & Mathis’ Andrew Trench has signed Hencorp Beckstone (www.hencorp.com) to a 20,000 square foot renewal at 777 Brickell in Miami’s Brickell District.
Monday, November 18, 2013
Marcus & Millichap Real EstateServices, the nation's largest real estate investment services firm, has named Matthew J. Kipp regional manager of its Long Beach office, according to John J. Kerin, president and chief executive officer.
In a transaction arranged by the Savitt Partners Managing Directors Hector Rodriguez and Elliot Zelinger, social and mobile game developer FreshPlanet, Inc. has inked a 12,510-square-foot officeat 19 West 34th Street.
HFF announced today that it has closed the sale of Naugatuck Valley Shopping Center in Waterbury, Connecticut, one in a series of upcomingsales for the Boston retail team.
MIG Real Estate
MIG Real Estate, a Newport Beach, Calif.-based real estatecompany, purchased Mountain View Corporate Center, an 84,421-square-foot, Class A office building in Murray, Utah. This is the company’s first acquisition in the greater Salt Lake City market.
TechSpace Holding Co., answering strong demand for its flexible office space and technology services, today announced plans to expand in San Francisco by opening its seventh TechSpace business center to be located at 77 Geary, San Francisco, CA 94108.
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Saturday, November 16, 2013
Friday, November 15, 2013
PRESS RELEASE: Kalmon Dolgin Affiliates Arranges 6,000 SF Lease for AIA Sheet Metal at 681 Morgan Avenue in Brooklyn
Kalmon Dolgin Affiliates, Inc. (KDA) has arranged a 6,000 square-footfor AIA Sheet Metal, a custom sheet metal fabrication supply company, at 681 Morgan Avenue, between Nassau and Norman avenues in the Greenpoint section of Brooklyn, NY. Kalmon Dolgin and Neil Dolgin, co-presidents of Kalmon Dolgin Affiliates, made the announcement.
Thursday, November 14, 2013
Wednesday, November 13, 2013
Tuesday, November 12, 2013
SR Commercial has recently completed two acquisitions in the San Diego market - an 89,120-sq.-ft./flex property in San Diego, Calif., and a 48,208-sq.-ft. office property in Vista, Calif.
The distinguished law firm of Beighley, Myrick & Udell will relocate within Miami'sdistrict, selecting the premier Museum Tower as its new address for the long term. The 15-year-old firm has leased 4,830 sq. ft. on the 20th floor of the class-A office tower.
USAA Real Estate Company and The Opus Group announced the start ofon I-88 Gateway Logistics Center, a 604,565-sq.-ft. speculative industrial building in North Aurora, Ill., that will be owned by an investment affiliate of USAA Real Estate Company.
Cushman & Wakefield announced that TK1SC signed a 24,500-sq.-ft.at 15231 Laguna Canyon Road in Irvine, Calif. Cushman & Wakefield's Rick Kaplan, Mark Smith and John Tran represented TK1SC in the transaction.
PRESS RELEASE: Coreland Companies Lands Five New Brokerage Assignments, Including Ground-Up Development in Montclair
Coreland Companies'division has been awarded five new leasing assignments, including a 20,000-sq.-ft. ground-up development planned in Montclair, Calif. The additional Southern California assignments are in Newport Beach, Costa Mesa, Orange and El Monte.
HFF announced that it has closed the sale of a groundencumbering 106 urban natural gas drilling sites located in the Barnett Shale in North Texas, one of the largest producing onshore natural gas fields in the United States.
Ownership has successfully completed a major recapitalization of Overlook at Great Notch, its 425,000-sq.-ft. class-A trophybuilding at 150 Clove Road in Little Falls, NJ. The refinance program was completed by Theta Holdings Company, L.P.
Monday, November 11, 2013
PRESS RELEASE: Studley Brokers 16,000-SF Relocation For Tourneau's U.S. Headquarters At 663 Fifth Avenue
Tourneau has signed a long term, approximately 16,000-sq.-ft.comprising the entire 7th floor at 663 Fifth Ave. for its new corporate headquarters.
HFF has closed the sale of the Woodlands of Crest Hill, a 730-unit multi-housing community in Crest Hill, Ill. and the Fountains at Stone Crest, a 400-unit multi-housing community in Westmont, Ill.
Kalmon Dolgin Affiliates, Inc. (KDA) has arranged the sale of 118-138 Hope Street, a 20,000 sq.-ft.in the Williamsburg section of Brooklyn, NY, for $13 million.
Friday, November 8, 2013
PRESS RELEASE: Pomfret Estates Purchases Pleasanton Medical Building for $6.55 Million; Transwestern Brokers Sale on Behalf of Buyer
Transwestern announced it brokered the sale of aservices building at 5000 Pleasanton Ave., in Pleasanton, Calif. Bernal Associates, based in Pleasanton, sold the property to Pomfret Estates Inc., for $6.55 million.
Mesa West Capital has provided DiNapoli Capital Partners with $22.5 million in first mortgage debt to refinance the historic, nine-story, 110-roomTeatro in Denver, Colo.
In a joint venture agreement, Cambridge Development and USAA Real Estate Co. broke ground on a 331-unit urban-style apartment project at 1100 South Blvd in Charlotte, NC. SunTrust is providingfinancing on the project.
Donahue Schriber Realty Group, a west coast owner, operator, and developer of neighborhood, community, and power shopping centers, recently closed $1.1 billion of strategic financing transactions.
Thursday, November 7, 2013
has completed on ParkLanding, a four-story multifamily community designed by Newman Garrison + Partners (NG+P), an architectural firm based in Newport Beach, Calif.
Bryan S. Cohen
Bryan S. Cohen and Allan Carlisle of Cohen Commercial Realty, Inc., announced today the signing of Orangetheory Fitness, toa 2,880-square-foot unit at Mirasol Walk Shopping Center located on the northeast corner of PGA Boulevard and Mirasol Drive, just west of the Florida Turnpike. Cohen Commercial Realty, Inc., represents the landlord, Sansone Group, in this transaction. They join Publix Supermarket, Walgreens Pharmacy, Bank of America, Starbucks, and more.
Evelyn Weiss Francisco
An on-site leasing center and four professionally furnished model residences are coming soon to Parkway Lofts, a benchmark-to-residential adaptive reuse project in Bloomfield, N.J., developed by Prism Capital Partners LLC.
The Wilbert Group, a nationally recognized full-communications and public relations firm based in Atlanta, is launching CRE Accelerate today at the ULI Fall Meeting. CRE Accelerate will provide a public relations boost, as well as tools for longer-term communications programs, for startups. The 60-day CRE Accelerate program is aimed at young companies in commercial real estate or those serving the commercial real estate industry.
MCA Realty, a full service real estate investment and management company specializing in office and industrial properties throughout the Western U.S., has completed its fifth industrial acquisition of the 2013 calendar year in the Las Vegas market, according to Tyler Mattox, a Principal at MCA Realty.
Avison Young’s South Florida operations today announced the largest office building sale transaction in Palm Beach County to date in 2013, overseeing the sale of Beacon Square, a 160,000-square-foot building located at 8051 Congress Avenue in Boca Raton, Fla.
Return On Ingredients® is announcing that it has recently entered into a value added partnership with Equity Inc., a national full service commercial real estate firm.
Rick Kimball, Principal and Managing Director of Avison Young’s New England operations, announced today that commercial real estate veteran Karen McShea has joined Avison Young New England.
PCCP, LLC announced today it has provided an $18.3 million senior loan to Basin Street Properties to acquire a leasehold interest of Shoreline Office Center in Mill Valley, Calif.
Wednesday, November 6, 2013
PRESS RELEASE: Iron Hound Management Arranges Refinancing for Holiday Inn Executive Center in Columbia, Mo.
Iron Hound Management Company, LLC recently advised Executive Affiliates in paying off the existing securitized debt and providing $15.1 million in refinancing with Starwood Mortgage Capital for the Holiday Inn Executive Center in Columbia, MO.
Washington Commercial Real Estate LLC has purchased and started new management of a housing complex in south Yakima. Washington Commercial intends to purchase additional local commercialin the near future.
Tuesday, November 5, 2013
RFR Realty LLC today announced three new officetotaling 14,409 square feet at 17 State Street, the blue glass gem of the Lower Manhattan skyline.
Multi Housing Advisors (MHA) has brokered the $20.2 million sale of Aslan on the River, a 324-unit apartment community in the Atlanta suburb of Jonesboro, Ga.
Bull Realty has brokered the sale of 497 acres located 60 miles north of Atlanta in Jackson and Hall counties at full list price of $1.8 million. The Fields of Walnut Creek sold in an all-cash sale on Sept. 30.
PRESS RELEASE: Colliers International Honors Andrew Roos, Alexander Jinishian, Bryn Cinque as Top Performing Brokers
Andrew Roos, Alexander Jinishian and Bryn Cinque of Colliers International Tri-State were honored as three of the top 10 producingin the Americas at the Colliers International National Meeting in Atlanta in October.
Mack-Cali Realty Corporation (NYSE: CLI) today announced that it leased 207,232 square feet during the third quarter at its office and office/flex commercial real estate properties in Westchester County in. Portfolio-wide, Mack-Cali leased 980,600 square feet of space during the quarter.
Global commercial real estate services firm Studley, Inc. announced today that industrial real estate specialist Michael Mangan has joined itsoffice as an Associate Director. He will work closely with Studley Chicago's Senior Managing Director, Bruce McConnell to build the company's industrial presence in the Midwest with a primary focus on the Chicago metro area.
engineering services company, Middough Inc. has signed an extension of their existing lease at 700 Commerce Drive, totaling 68,748 SF, after a thorough examination of their real estate needs and the surrounding marketplace.