Property Type

little-creek-apartments-cedar-hill-texas

Greysteel Secures Permanent Financing for Little Creek Apartments in Metro Dallas

by Haisten Willis September 29, 2016

CEDAR HILL, TEXAS — Greysteel has secured the refinancing of Little Creek Apartments, a multifamily property located in Cedar Hill, on behalf of Little Creek Apts LLC. The 20-year, non-recourse loan includes a 30-year amortization schedule and three years of interest-only payments. The loan was provided by an agency lender under Freddie Mac’s small balance loan program and features a fixed interest rate for the first 10 years followed by a floating-rate period for the other 10 years. Greysteel’s Anton Mattli and John Marshall Doss negotiated the transaction. Little Creek Apartments is located at 151 Little Creek Road and totals 66 units.

September 29, 2016

Healthcare Office Texas

Mycon General Contractors Completes Construction of Freestanding Emergency Room in Metro Dallas

by Haisten Willis September 29, 2016

ROWLETT, TEXAS — Mycon General Contractors has completed construction of the First Choice Emergency Room (FCER), located at 3301 Lakeview Parkway on a 0.8-acre tract in the Dallas suburb of Rowlett. FCER is a network of independent freestanding emergency rooms, and is an Adeptus Health company. The 6,931-square-foot facility houses diagnostic and radiology suites, including CT scanners, ultrasound and digital X-rays, exam rooms, a nurse’s station and laboratory. The project team includes real estate developer PM Realty Group and architect GSR Andrade Architects. Metropolitan Capital Advisors arranged $5.1 million in construction financing through Happy State Bank. FCER in Rowlett officially opened last month.

September 29, 2016

Loans Multifamily Texas

BMC Capital Arranges $6M Refinancing Loan for Multifamily Property in Dallas

by Haisten Willis September 29, 2016

DALLAS — Brian Gramlich of BMC Capital’s Dallas office has arranged a $6 million loan for the refinancing of CrestView Apartments, a multifamily property located in Dallas. The loan features a fixed 4.8 percent interest rate for five years, with 18 months of interest-only payments and a 25-year amortization schedule. The loan was secured through one of BMC Capital’s correspondent banking relationships.

September 29, 2016

Loans Multifamily Texas

MCA Arranges $2.5M Loan for Melrose Duplexes in Arlington

by Haisten Willis September 29, 2016

ARLINGTON, TEXAS — Metropolitan Capital Advisors Ltd. (MCA) has arranged a $2.5 million term loan for a contiguous complex of 35 duplexes plus an additional four vacant lots in Arlington. The property is located on Leacrest Street and Melrose Street along New York Avenue. The duplexes are one-story garden style buildings situated on individually platted lots, which were originally built in 1960. An out-of-state buyer purchased the development and is renovating all 35 duplexes. Brandon Wilhite of MCA was responsible for arranging the loan, which included a future funding feature to complete the renovations. Funded by First United Bank, the loan features a 4.5 percent interest rate.

September 29, 2016

North Carolina Office Southeast

CBRE Brokers $83.5M Sale of Trophy Office Tower in Downtown Raleigh

by John Nelson September 29, 2016

RALEIGH, N.C. — CBRE has brokered the sale of Charter Square, a 243,106-square-foot, Class A office tower located at 555 Fayetteville St. in downtown Raleigh. Highwoods Properties Inc. purchased the building from the seller, a joint venture between Dominion Realty Partners and a global real estate investment manager. The sales price was undisclosed, but the Triangle Business Journal reports that Highwoods plans to invest $83.5 million in the acquisition, including $5.1 million in capital improvements. The office building opened in June 2015 and was certified LEED Platinum earlier this year. The office building was 70 percent leased at the time of sale to 14 tenants, including three ground-floor restaurants: b.good, Living Kitchen and The Haymaker.

September 29, 2016

Loans Multifamily Southeast Virginia

Greenwich Group Arranges $73.8M Construction Financing for Apartment Development in Metro D.C.

by John Nelson September 29, 2016

WOODBRIDGE, VA. — The Greenwich Group International has arranged $73.8 million in construction financing for the development of Rivergate Phase I, a 402-unit, Class A residential apartment building to be developed along the Occoquan River in Woodbridge, a Virginia suburb of Washington, D.C. Peter Witham and Duke Fairchild led the Greenwich team representing the developer, The IDI Group Cos., in securing a $60.3 million senior construction loan and $13.5 million in subordinate mezzanine construction financing. John Moriarty & Associates, the general contractor, commenced construction on Aug. 1 and the property is scheduled to deliver and begin leasing in February 2018.

September 29, 2016

Florida Hospitality Southeast

Finvarb Group to Develop Boutique Kimpton Hotel in South Beach

by John Nelson September 29, 2016

MIAMI BEACH, FLA. — The Finvarb Group plans to develop the Kimpton Hotel Palomar South Beach, a 96-room boutique hotel that will be located in Miami Beach’s South Beach district. Slated to open in 2018, Kimpton Hotel Palomar South Beach will feature a rooftop pool, fitness center and a restaurant overlooking the adjacent Collins Canal. Miami-based Kobi Karp designed the five-story hotel, which will be the eighth Kimpton hotel in Florida.

September 29, 2016

Georgia Hospitality Southeast

Choate Construction to Build Inn, Conference Center at Barnsley Resort in North Georgia

by John Nelson September 29, 2016

ADAIRSVILLE, GA. — Choate Construction has been selected to build a new inn and conference center at Barnsley Resort, a 3,300-acre resort at the foothills of the Blue Ridge Mountains in Adairsville. Slated to open in the fall of 2017, the new additions will total 73,446 square feet. The three-story inn, known as The Inn at Barnsley Resort, will span 54 guestrooms and feature one boutique retailer. The conference center, known as the Georgian Hall Conference Center, will feature 10,500 square feet of indoor space, including the Savannah Ballroom, Augusta Room, Oglethorpe Room, Dalton Room and an estate lawn. The design team for the new additions includes architect Cooper Carry and interior designer Kent Interior Design.

September 29, 2016

Retail Southeast Virginia

Calkain Brokers $16.5M Sale of Gym in Metro D.C.

by John Nelson September 29, 2016

GAINESVILLE, VA. — Calkain Cos. has brokered the $16.5 million sale of a triple-net leased gym in Gainesville, about 35 miles west of Washington, D.C. The asset is leased to Sport&Health, a fitness chain that operates 22 locations in the metro Washington, D.C. area. Jeff Bogart of Calkain represented the seller in the transaction. Hasan Ibrahim of HMI Properties LLC represented the private buyer.

September 29, 2016

California Industrial Western

Los Angeles Industrial Portfolio Sells for $38.4M

by Nellie Day September 28, 2016

LOS ANGELES — An unnamed buyer has purchased an eight-property industrial portfolio in Los Angeles for $38.4 million. The transaction includes two land parcels known as the Los Angeles Downtown Industrial District. The portfolio contains a total of 4.6 developable acres adjacent to the Fashion District, near the Arts, Flower and Produce districts. Quantum Associates represented the buyer. Mike Malick and Carol Song of Marcus & Millichap represented the seller.

September 28, 2016

Newer Posts

Older Posts