Office

VanTrust to Develop 210,000 SF Spec Office Project in Frisco

by Taylor Williams September 20, 2018

FRISCO, TEXAS — Kansas City-based VanTrust Real Estate LLC will develop The Offices Two at Frisco Station, a 210,000-square-foot speculative office project in Frisco. Construction of the six-story building, which will be located adjacent to The Star, will begin later this month with completion slated for September 2019. Amenities will include structured parking, a fitness center, conference center and tenant lounge. HKS Inc. is serving as project architect, Manhattan Construction is the design-build contractor and Kimley Horn & Associates is the civil engineer. Cushman & Wakefield will handle marketing and leasing of the property.

September 20, 2018

Development Florida Office Southeast

Bromley Cos. Unveils Plans for First Office Building Within $500M Midtown Tampa Project

by Camren Skelton September 20, 2018

TAMPA, FLA. — Bromley Cos. has unveiled plans for the first office building within the $500 million Midtown Tampa project in Tampa. The 140,000-square-foot, seven-story office building — dubbed Midtown One — will be the first of three office projects within the development. Midtown One will feature valet service, a full-service concierge and a pedestrian sky bridge connecting the building to Midtown Tampa’s retail and residential components. At full build-out, Midtown Tampa will include 1.8 million square feet of retail, residential, office, entertainment and hospitality space. Whole Foods Market will anchor the retail portion of the project. Cushman & Wakefield is overseeing the office leasing for the development. Bromley will break ground on Midtown One in early 2019, with completion scheduled for late 2020.

September 20, 2018

Georgia Loans Office Southeast

Square Mile Capital Provides $60M Loan for Refinancing of Office Building in Midtown Atlanta

by Camren Skelton September 20, 2018

ATLANTA — Square Mile Capital LLC has provided a $60 million loan for the refinancing of 1355 Peachtree, a 20-story office building in Atlanta’s Midtown district. Chris Campbell and Daniel Allman of Eastdil Secured arranged the loan on behalf of the borrower, a partnership between Oaktree Capital Management LP and Banyan Street Capital LLC affiliates. The 345,254-square-foot building is located within walking distance to the Arts Center MARTA station, Colony Square and other retail and cultural destinations. On-site amenities include a conference facility, concierge services, fitness center and an underground parking facility.

September 20, 2018

Acquisitions Healthcare Northeast Office Rhode Island

Montecito Purchases 68,500 SF Medical Office Building in East Providence, Rhode Island

by Jeff Shaw September 19, 2018

EAST PROVIDENCE, R.I. — Montecito Medical Real Estate has acquired the University Medicine Medical Office Building in East Providence. The sales price was undisclosed. The four-story, 68,500 square-foot property was built in 2016 and is occupied by anchor tenant University Medicine as well as Brown Dermatology, Performance Physical Therapy and Asthma & Allergy Physicians of Rhode Island. University Medicine is one of the largest primary care providers in Rhode Island. The seller was undisclosed.

September 19, 2018

Florida Loans Office Southeast

CBRE Arranges $30.8M Acquisition Loan for Office Building in Orlando

by Camren Skelton September 19, 2018

ORLANDO, FLA. — CBRE has arranged $30.8 million in permanent financing for the acquisition of the Siemens Energy Americas headquarters building in Orlando. The 255,677-square-foot office building is located adjacent to the University of Central Florida’s campus. Zac Brumbaugh of CBRE arranged the loan through a life insurance company on behalf of the borrower, a private international fund managed by Stockbridge Capital Group. Ron Rogg and Chip Wooten of CBRE arranged the $61.5 million sale on behalf of the seller, Siemens. Siemens Energy — one of the four sectors of Siemens — generates and delivers power from numerous sources including the extraction, conversion and transport of oil and natural gas in addition to renewable and alternative energy sources.

September 19, 2018

Acquisitions Georgia Office Southeast

NKF Capital Markets Brokers $13.6M Sale of Office Portfolio in Metro Atlanta

by Camren Skelton September 19, 2018

ROSWELL, GA. — NKF Capital Markets has arranged the $13.6 million sale of a two-building office portfolio located at 1544 Old Alabama Road and 900 Holcomb Woods Parkway in Roswell, roughly 24 miles north of Atlanta. Eva Horton of NKF Capital Markets arranged the transaction on behalf of the seller, LNR Partners LLC. RD Sharma acquired the assets, which are located on either side of Holcomb Woods Parkway. The three-story, 70,000-square-foot building on Old Alabama Road is fully leased to McCalla Raymer Leibert Pierce LLC, a residential and commercial real estate legal services firm. RD Sharma recently sold the two-story, 20,000-square-foot building on Holcomb Woods Parkway to a corporate user.

September 19, 2018

The Laguna medical office building, Orange County, California

Features Healthcare Office

Is Today’s Boom Market for Healthcare, Medical Office Real Estate Built to Last?

by Jeff Shaw September 19, 2018

By John Pollock CEO, Meridian It is hard to refute that demographic changes occurring in the United States are having a positive impact on healthcare real estate. Based on the latest U.S. Census data, the number of people age 65 and over is on a steep increase and on track to nearly double between 2010 and 2030. The utilization rate of healthcare facilities by people in this age cohort is dramatically more than the younger cohort. According to a report released by Transwestern in September, an aging demographic and higher utilization rates will increase the demand for practitioners and physical space. Transwestern says there is an estimated 110 million square feet of available medical office space among existing buildings and those under construction in the United States as of the second quarter. If all of the required practitioners needed to meet the increased consumer demand were to locate within the traditional medical office space, there would be a shortfall of more than 40 million square feet. The answer to the question of whether today’s boom market for healthcare is built to last is most assuredly yes. That being said, the healthcare sector is attracting attention from more and more investors. …

September 19, 2018

Loans New York Northeast Office

Leviathan Capital Secures $8M Refinancing for Office Building in the Bronx

by David Cohen September 18, 2018

NEW YORK CITY — Leviathan Capital has secured an $8 million refinancing for a 33,000-square-foot office building in the Bronx. The property is currently net leased to the NYC Department of Education. Leviathan secured a non-recourse loan for the undisclosed borrower with a fixed rate of 10 years at 4.9 percent. The loan provided the borrower with a $5 million cash-out.

September 18, 2018

Acquisitions California Office Western

Granite Properties Buys 346,334 SF Office Building in Southern California

by Amy Works September 18, 2018

NEWPORT BEACH, CALIF. — Granite Properties has purchased 100 Bayview — a six-story, Class A office property located in Newport Beach — for undisclosed price. The 346,334-square-foot building features an on-site fitness center and close proximity to a 250-room Marriott hotel, restaurants, retail and walking trails. The building has undergone a number of renovations. Granite Properties plans to further invest in the property by improving the lobby and outdoor common spaces, including balconies and private patios. Granite Properties owns and manages six Class A office buildings in Southern California totaling more than 1.7 million square feet. Eastdil Secured represented the undisclosed seller in the deal.

September 18, 2018

Acquisitions Nevada Office Retail Western

Colliers Negotiates Three Office, Retail Sales Totaling $19M in Las Vegas

by Amy Works September 18, 2018

LAS VEGAS — Colliers International – Las Vegas has brokered three sales of properties in Las Vegas for a total consideration of $19 million. In the first deal, Dan Gluhaich of Colliers represented Green Circle Foundation in the purchase of a retail property located at 3815-3835 Blue Diamond Road. An undisclosed seller sold the 24,447-square-foot property for $9.1 million. In the second transaction, 325 SW LLC purchased a 70,000-square-foot office property located at 325 E. Warm Springs Road within Park Place. GCCFC 2005-GGC Warm Springs Office sold the property for $8.7 million. Taber Thill and Patti Dillon of Colliers represented the seller. In the final deal, Thill and Dillon represented Nemo Inc. in the disposition of an office property located at 229 S. Las Vegas Blvd. Green Unicorn LLC acquired the 8,250-square-foot property for $1.2 million.

September 18, 2018

Newer Posts

Older Posts