REBusinessOnline

NKF Capital Markets Brokers $97.1M Sale of Mixed-Use Property in La Jolla

LA JOLLA, CALIF. — NKF Capital Markets has brokered the sale of The Campus on Villa La Jolla, a five-building mixed-use campus located at 8910 and 8980 Villa La Jolla Drive in La Jolla. GPI Cos. acquired the campus from La Jolla Village Professional Center Associates for $97.1 million. Kevin Shannon, Brunson Howard, Ken White, Paul Jones and Rick Stumm of NKF Capital Markets represented the seller in the deal. The buyer was self-represented. Situated on 6.8 acres, the …

CBRE Secures $71.5M in Financing for Office Campus in San Jose

SAN JOSE, CALIF. — CBRE Capital Markets' Debt & Structured Finance has secured $71.5 million in refinancing for The Junction at Montague, a four-building office and R&D campus in North San Jose. The borrower is a joint venture between Rockwood Capital and Four Corners Properties. Brad Zampa, Mike Water and Megan Woodring of CBRE's San Francisco office arranged the five-year, floating-rate bridge financing at a spread over the 30-day LIBOR on behalf of the borrower. A national …

Houlihan-Parnes Secures $30M Refinancing for Office Building in Tarrytown

TARRYTOWN, N.Y. — Houlihan-Parnes Realtors and GHP Office Realty have secured $30 million in refinancing for a Class A office building located at 660 White Plains Road in Tarrytown. GHP Office Realty, Houlihan-Parnes Realtors and RD Management purchased the building in 2017. The loan was structured into two facilities to preserve an existing below-market rate and provide for additional funds to complete all renovations and tenant build-outs. The loan is for a term of 12 years with the initial …

Law Firm Blank Rome Signs 138,000 SF Lease in Midtown Manhattan

NEW YORK CITY — Rockefeller Group has signed Blank Rome to a 138,000-square-foot office lease at 1271 Avenue of the Americas. Blank Rome will occupy floors 15 through 17, as well as part of the 14th floor. The law firm plans to relocate from the Chrysler Building in 2019. Ken Rapp, David Kleinhandler, Tim Dempsey and Zachary Weil of CBRE represented Blank Rome in the transaction. Built in 1959, the 48-story skyscraper was originally designed by Harrison & Abramovitz & Harris, the …

Amazon Passes on Globe Life Park in Arlington as Site for $5B HQ2

ARLINGTON, TEXAS — The City of Arlington has announced that is it “no longer moving forward” with its bid to land Amazon’s new headquarters, a project that is expected to generate $5 billion in local investment and create 50,000 high-paying jobs. The city, which was one of several municipalities in the DFW metro to submit proposals, had offered the Seattle-based e-commerce giant roughly $921 million in incentives, including a 100 percent real and business personal property tax abatement …

ISG to Move into WaterMark Building in Downtown Green Bay, Wisconsin

GREEN BAY, WIS. — Architecture, engineering, environmental and planning firm ISG is moving into the WaterMark building in downtown Green Bay. The firm will occupy 14,000 square feet. ISG is currently designing its new space on the third floor and anticipates a September 2018 move-in. After acquiring Raasch Associates in September 2016, ISG has grown its Green Bay presence by more than 40 percent. Three Sixty Real Estate Solutions LLC developed the six-story WaterMark building, which anchors …

Cushman & Wakefield Arranges 90,000 SF of Leases at Office Tower in White Plains

WHITE PLAINS, N.Y. — Cushman & Wakefield has arranged two new leases and six lease renewals totaling 90,000 square feet at the Westchester One, a 21-story, 907,000-square-foot office tower in White Plains. The property is located at 44 S. Broadway in the central business district of White Plains. Cushman & Wakefield served as the exclusive leasing agent for building owner Argent Ventures. The two new leases included a 9,982-square-foot lease for nursing agency Senior Home Care and a …

Worth Breaks Ground on 76,000 SF Office Building in San Antonio

SAN ANTONIO — Worth & Associates has broken ground on Inwood Village I, a two-story office building in San Antonio that will total approximately 76,000 square feet. The Class A property will consist of 23 suites ranging in size from 1,500 to 3,000 square feet. Amenities will include a common break room and conference room for all tenants, as well as an outdoor patio and deck. Occupancy is slated for December. The property will be part of the Inwood Village development, which at full …

CBRE Arranges Sale of 29,150 SF Office Asset in Uptown Dallas

DALLAS — CBRE has arranged the sale of 4525 Lemmon Avenue, a 29,150-square-foot office asset located in the Uptown/Turtle Creek area of Dallas. The property was 90 percent leased at the time of sale to tenants such as Dallas Yoga Center and Guaranteed Fitness. David Glasscock of CBRE represented the seller, Pastoral Counseling Center, which will lease back 10,456 square feet at the property. Randy Horowitz of SHOP Cos. and Harrison Horowitz of Oxford Capital Partners represented the buyer, …

NXT Capital Provides $19M Refinancing for Office Building in Reston, Virginia

RESTON, VA. — NXT Capital has provided a $19 million first mortgage loan to refinance Parkridge III, a 109,000-square-foot office building in Reston. Dan McIntyre of HFF arranged the loan on behalf of the undisclosed borrower. Parkridge III is located within Reston’s largest office park, directly off Dulles Toll Road, and roughly five miles from Dulles International Airport. The building features a fitness center and a conference room, and the greater office park features a pond, picnic …

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