Connect Bay Area is coming up July 18, 2019 at the Grand Hyatt San Francisco. Get more information, and register to attend on this link. Marin County-based Seagate Properties acquired The Harbors, a recently-renovated, institutional-quality two-building office campus at 1 and 3 Harbor Drive in Sausalito, CA. The 114,000-square-foot asset reportedly sold in the neighborhood …
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WS Development signed personal care and beauty retailer Sephora to a 5,368-square-foot lease at One Seaport Square in Boston, a high-rise apartment and retail development in Boston’s Seaport. The development consists of 832 residential units in two towers, on top of three stories of retail. Sephora will launch its’ new brick and mortar location with …
CBRE arranged the sale of Quinn 35, a 250-unit apartment community in Shrewsbury. Bluerock Value Exchange acquired the property for $77 million. The transaction is Bluerock’s first acquisition in the Boston market. Located at 35 Harrington Ave., the community is adjacent to Lakeway Commons, a 100,000-square-foot lifestyle retail center. Quinn 35 was delivered between the …
Greystone has provided $125,200,000 in Fannie Mae financing as part of a recapitalization effort for a $163,500,000 portfolio of multifamily properties in Pennsylvania and Kentucky. Originated by New York-based Dan Sacks and Eric Rosenstock, the financing involved a complex capital stack and new operating ownership structure to help the properties return to profitability. The new …
Berkadia arranged acquisition financing for 312 of 390 condominiums at the Arbors at Carrollwood in Tampa. Mitch Sinberg, Matt Robbins and Wes Moczul of Berkadia’s Boca Raton office secured the loan on behalf of the buyer, a joint venture between Robbins Property Associates and LEM Capital. The sales price was reported by various media outlets …
Urban job creation is fueling downtown Chicago’s office market, as major corporations continue adding high-wage jobs to the area, Marcus & Millichap says. However, while the downtown market occupies the limelight, many suburban office properties are witnessing steady performance. Coupled with that, CBD employment growth is a surge of development as owners try to alleviate …
CBRE has hired Jeremy Bates as a VP in Cleveland, joining its retail team. A veteran of retail as well as office leasing, Bates (pictured) will be involved in both agency and occupier work, along with regional business. “I am looking forward to this next step in my career and working with everyone, not only …
CBRE’s David Hollander and Neil King have been promoted to vice chairmen. Both have been consistently recognized as top producers within the company. Hollander has developed longstanding relationships with a variety of blue-chip clientele over the course of 25 years at CBRE. His roster of clients includes Google, Avenue Capital, the Hunt Companies, Dentsu/McGarry Bowen, …
NAI James E. Hanson recently negotiated a 25,526-square-foot lease at 175 Anderson Ave. in Moonachie, NJ. Relocating from nearby Carlstadt, Cactus Clothing Co. plans to utilize the property for warehousing and distribution of garments. An NAI Hanson team of Jeff DeMagistris and Tom Vetter represented the landlord, 175 Anderson LLC. The lease deal follows the recent …
Equinox Fitness has renewed its lease at 14 Wall St. for an additional 20 years. A tenant at the Financial District landmark since 2000, Equinox has enlarged its presence over the years to its current 36,500 square feet. “Twenty years is a significant amount of time in a neighborhood that is changing as rapidly as …
Real estate development and investment company Ferber Co. announced the initial tenant line-up at Brooklyn Place, an 11,500-square-foot retail development in downtown Jacksonville. The nearly two-acre site, which has been vacant for decades, is adjacent to Regency Center’s Brooklyn Station retail development. The initial tenant line-up at Brooklyn Place will include Panera Bread, Chipotle and …
JLL Capital Markets arranged $61 million in debt and equity on behalf of LIVWRK for the acquisition and repositioning of 1000 Dean St., a 150,769-square-foot creative office and lifestyle-oriented building in Brooklyn’s Crown Heights neighborhood. The property was built in the 1920s as an automotive service station, and now houses a diverse mix of tenants. …
Sterling Bay is close to finalizing deals with Chicago-based IRI and law firm Mayer Brown to lease a combined 160,000 square feet at 311 W. Monroe St., according to Crain’s Chicago Business. The 382,000-square-foot West Loop office building, which Sterling Bay acquired for $60 million in 2017, has been mostly vacant since BMO Harris Bank …
Lee & Associates completed the sale of a 60-unit, two-story townhome site in Murrieta, CA for $2.7 million. The 4.64-acre parcel is located on the Southeast corner of Washington Avenue and Lemon Street. The final map is recorded. The site is partially improved with some grading, streets, water, sewer, curbs, and gutters installed more than …
By Melissa Baer At Connect Apartments in Los Angeles recently, experts in affordable housing sat down with moderator Debra Carlton, senior vice president, public affairs at the California Apartment Association, for a candid conversation on todays issues, trends, and what keeps them up at night. With financing being one of the biggest challenges among developers, …
Anthony Tarter joined Bellwether Enterprise as Executive Vice President and Director of the company’s new Workforce Housing and Social Impact Team. Tarter comes to the Ohio-headquartered commercial and multifamily mortgage banking company’s Dallas office from PGIM Real Estate Finance. In his new role, Tarter, who has been joined by Assistant Vice President Drew Oden, will …
Bear Real Estate Advisors arranged the $7.3 million sale of a 20,000-square-foot medical office building in Florence, SC. Located at 400 N. Cashua Dr., the property is currently fully occupied by Carolina Centers for Sight, a surgical ophthalmology practice. Carolina Centers for Sight is a partner of Eye Health America, which leases the building on …
Brennan Investment Group has signed a long-term lease with Broetje-Automation as the first tenant of the Elk Grove Technology Park in Elk Grove Village, IL. The 43,206-square-foot space will serve as Broetje-Automation’s U.S. headquarters and production facility for manufacturing and assembling robotic systems and automated composite manufacturing equipment. “With our new facility in Chicago, we will …
VSP Global entered into a definitive agreement to acquire Visionworks, the San Antonio-headquartered national retail optical chain, for an undisclosed amount. The transaction will provide the Rancho Cordova, CA-based VSP Global with more than 700 retail stores in nearly 40 states. There are no plans to move Visionworks’ employees or headquarters from its current location …
The Center for Employment Opportunities Inc. signed a lease for new headquarters space in Oklahoma City. The tenant, which provides job training for formerly incarcerated Oklahoma residents, will be operating at 501 N. Walker St. Susan Davis Jordan, CCIM and Kelsey Gilbert with CBRE represented the tenant. The landlord, Dowell Properties Inc. of Norman, OK, …