Property Type

Philadelphia 76ers, Buccini/Pollin Group to Develop 140,000 SF Sports Complex in Wilmington, Delaware

by Amy Works November 30, 2017

WILMINGTON, DEL. — The Philadelphia 76ers and The Buccini/Pollin Group are developing 76ers Fieldhouse in Wilmington. Situated on 8.9 acres, the 140,000-square-foot multi-purpose sports complex and youth training center will be the new home for the 76ers NBA G League affiliate team, the Delaware 87ers. In addition to use by the affiliate team, the facility will be used to provide local youth with new sports programming and opportunities. The Buccini/Pollin Group will manage the development and construction of the facility, which is being designed by Rossetti Architects. The facility is situated on a site currently owned by Riverfront Development Corp.

November 30, 2017

Georgia Healthcare Southeast

Atlanta Hawks, Emory Healthcare Open Training, Sports Medicine Center in Metro Atlanta

by Camren Skelton November 30, 2017

BROOKHAVEN, GA. — The Atlanta Hawks Basketball Club and Emory Healthcare have opened a 90,000-square-foot training facility and sports medicine center in Brookhaven, roughly 11 miles north of downtown Atlanta, on Tuesday. The privately funded Emory Sports Medicine Complex integrates four facilities: Emory Healthcare Courts, the official practice and training facility for the Atlanta Hawks; Emory Sports Medicine Center and Emory Physical Therapy, which house Emory’s entire sports medicine division; and Peak Performance Project, an applied sports science services provider for elite-level athletes from around the world. The Hawks’ new facility is the first in the NBA to be co-located with an entire sports medicine center, allowing for access to high-tech equipment such as a 3 Tesla MRI scanner, 3D motion capture analysis and blood/sweat testing and analysis on-site.

November 30, 2017

New York Northeast Office

Columbia Property Trust Acquires Office Building in Manhattan for $87.7M

by Amy Works November 30, 2017

NEW YORK CITY — Columbia Property Trust has completed its acquisition of 149 Madison Avenue, a 12-story office building located in Manhattan’s Midtown South district. An undisclosed seller sold the 127,000-square-foot property for $87.7 million. The company is purchasing the property subject to a ground lease that expires in January 2018. At that time, Columbia plans to begin a comprehensive repositioning at the fully vacated building. Redgate will serve as project manager, Genslar as architect and Highland Associates as engineer for the renovation project.

November 30, 2017

Florida Multifamily Southeast

Fifteen Group, Meritage Acquire Multifamily Asset in Orlando for $68.7M

by Camren Skelton November 30, 2017

ORLANDO, FLA. — A joint venture between affiliates of Miami-based Fifteen Group and San Francisco-based Meritage Group LP has acquired Patterson Court Apartments in Orlando for $68.7 million. The 384-unit property is situated at the intersection of International Drive and Little Lake Bryan Road in the I-Drive corridor of Orlando, less than three miles from Walt Disney World. Patterson Court includes one- to three-bedroom units and features a fitness center, resort-style pool with sundeck, study rooms, on-site laundry facilities and a car wash center.

November 30, 2017

Florida Loans Multifamily Southeast

NorthMarq Capital Arranges $36M Fannie Mae Loan for Apartment Asset East of Tampa

by Camren Skelton November 30, 2017

LAKELAND, FLA. — NorthMarq Capital has arranged a $36 million Fannie Mae loan for Ariva Apartment Homes, a 312-unit multifamily community located at 4100 Clubhouse Road in Lakeland, roughly 35 miles east of Tampa. Robert Hernandez of NorthMarq Capital arranged the 10-year, permanent loan with a 30-year amortization schedule. The borrower was not disclosed. Ariva Apartment Homes features a swimming pool, internet café, fitness center with yoga and spin room and a mini movie theater. At the time of sale, the property was 90 percent occupied.

November 30, 2017

Loans Multifamily New York Northeast

Hunt Mortgage Provides $25M in Refinancing for Multifamily Property in Poughkeepsie, New York

by Amy Works November 30, 2017

POUGHKEEPSIE, N.Y. — Hunt Mortgage Group has provided a $25 million conventional Freddie Mac loan to Mountainbrook Realty Holdings LLC. The borrower will use the loan to refinance Mountain Brook Apartments, located at 134-154 Innis Ave. in Poughkeepsie. Built in 1965, the property comprises 17 buildings offering a total of 288 apartment units in a mix of one-, two- and three-bedroom layouts. The seven-year loan features a fixed-rate and a 30-year amortization schedule. At the time of financing, the property was 98.6 percent occupied. Shloime Goldstein of Skyline Capital arranged the financing.

November 30, 2017

Florida Multifamily Southeast

Michaelson Buys Apartment Community in Jacksonville for $14.7M

by Camren Skelton November 30, 2017

JACKSONVILLE, FLA. — Michaelson Real Estate Group has purchased The Plaza Apartments, a 281-unit multifamily community in Jacksonville, for $14.7 million. Located at 3780 University Club Blvd., The Plaza is located less than seven miles from downtown Jacksonville. The property, constructed in 1975, includes 38 two-story buildings and features one- and two-bedroom floor plans with an average size of 716 square feet. Community amenities include a swimming pool, tennis courts, biking and walking trails and an on-site laundry facility.

November 30, 2017

Loans Multifamily New York Northeast

Houlihan-Parnes Realtors Secures $17.5M in Refinancing for Multifamily Portfolio in New York

by Amy Works November 30, 2017

BINGHAMTON, ENDICOTT, ENDWELL AND JOHNSON CITY, N.Y. — Houlihan-Parnes Realtors has arranged a $17.5 million loan for the refinancing of a multifamily portfolio in Upstate New York. Totaling 602 apartments, the 13 properties are located in Binghamton, Endicott, Endwell and Johnson City. The non-recourse loan features a fixed interest rate and a 30-year amortization schedule. Ed Graf of Houlihan-Parnes secured the loan for the undisclosed borrower. Steven Tierney of Woods, Oviatt, Gilman represented the borrower.

November 30, 2017

Industrial New York Northeast

Kalmon Dolgin Arranges $5M Sale of Industrial Building in Brooklyn

by Amy Works November 30, 2017

NEW YORK CITY — Kalmon Dolgin Affiliates (KDA) has brokered the sale of an industrial building located at 315 Liberty Ave. in the Brownsville section of Brooklyn. Beldex Realty sold the property to 315 Liberty Avenue LLC for $5 million. The buyer plans to redevelop the two-story, 28,000-square-foot industrial building into office space. The building features gas heat, heavy power, drive-in doors and a loading dock. Allison Chambers of KDA represented the buyer, while Samuel Zupnick and Nathan Friedman, also of KDA, represented the seller in the transaction.

November 30, 2017

Georgia Retail Southeast

Coro, Easlan Sell 26,179 SF Retail Property in Metro Atlanta

by Camren Skelton November 30, 2017

BROOKHAVEN, GA. — Coro Realty Advisors and Easlan Capital have sold Brookleigh Marketplace, a 26,179-square-foot shopping center in Brookhaven, a city 11 miles north of downtown Atlanta. The property is located on Johnson Ferry Road at the entrance to a 56-acre mixed-use community. At the time of sale, Brookleigh Marketplace was fully leased to tenants including Primrose Schools, Burn Cycle/Kick/Yoga, Marlow’s Tavern, Jade Nails & Day Spa, Bon Glaze and PT Solutions. Mark Joines and Drew Fleming of NKF Capital Markets arranged the transaction on behalf of Coro and Easlan. Other terms of the deal were not disclosed.

November 30, 2017

Newer Posts

Older Posts