Property Type

NAI Wisinski Arranges 1,482 SF Office Lease in Grand Rapids

by Christina Cannon October 27, 2015

GRAND RAPIDS, MICH. — NAI Wisinski of West Michigan has arranged the lease of a 1,482-square-foot office property in Grand Rapids. Lectronix Inc. signed a five-year lease at an office property located at 2627 E. Beltline Ave. The facility was formerly a Bank of America retail branch and will now serve as the engineering and design center for Lectronix. Mary Anne Wisinski Rosely and Jason Makowski of NAI Wisinski represented the landlord, Goudzwaard Financial Center LLC. Patrick Mohney of Berkshire Hathaway represented the tenant. Lectronix will occupy the building starting Nov. 1 of this year.

October 27, 2015

Georgia Mixed-Use Southeast

RocaPoint Partners, Georgetown Co. to Build $370M Mixed-Use Development in Metro Atlanta

by John Nelson October 27, 2015

ALPHARETTA, GA. — RocaPoint Partners and New York-based The Georgetown Co. have closed on the land purchase for HALCYON, a $370 million mixed-use development in Forsyth County. The new development will be located directly off Georgia 400’s Exit 12 on McFarland Parkway in Alpharetta. A groundbreaking is scheduled for January 2016, and the grand opening is set for fall 2017. Phase I plans include 125,000 square feet of retail space. Leased by JLL, HALCYON’s commercial village will include a movie or entertainment venue, gourmet market, outdoor outfitter, up to 10 local and regional full-service and fast-casual restaurants, a boutique fitness club and service retail. Up to 65,000 square feet of loft offices and built-to-suit spaces are included in Phase I of the village, as well as a 110-room hotel developed by Tharaldson Hospitality and a trailhead for Big Creek Greenway, a 9.6-mile paved recreation trail and linear park in Forsyth County. When complete, HALCYON will have two hotels, more than 360,000 square feet of office and retail space and two miles of nature trails. RocaPoint has partnered with Monte Hewett Homes and Edward Andrews Homes to develop HALCYON’s for sale residences, which include 87 single-family units and 155 townhomes with …

October 27, 2015

Research Building Two University of Kentucky

Healthcare Kentucky Southeast

HGA to Design University of Kentucky’s $265M Research Facility

by John Nelson October 27, 2015

LEXINGTON, KY. — The University of Kentucky has tapped HGA Architects and Engineers to design Research Building Two (RB2), its new $265 million, 306,000-square-foot research center on the Lexington campus. Construction is underway on the facility, which will house scientific research that will work to resolve health disparities in Kentucky such as cancer, obesity, diabetes, cardiovascular diseases and substance abuse. Champlin Architecture serves as the executive architect and architect of record. Slated for completion in the summer of 2018, RB2 will be located west of the existing Biomedical Biological Sciences Research Building and north of the Biological Pharmaceutical Building. Consultants on the project include Affiliated Engineers Inc., CMTA Engineering Consultants, THP Limited Inc., CARMAN, Jacobs Engineering Group Inc. and Towers | Golde.

October 27, 2015

Florida Hospitality Southeast

WoodSpring Hotels, Gold Coast Break Ground on New Hotel Near Zoo Miami

by John Nelson October 27, 2015

MIAMI — WoodSpring Hotels and Gold Coast Premier Properties LLC have broken ground on a new WoodSpring Suites hotel near Zoo Miami. Located at Coral Reef Drive and parallel to the Florida Turnpike, the hotel is slated for a third-quarter 2016 opening. The 124-room property will feature laundry facilities, modified kitchens and high-speed Internet. Gold Coast is also developing a WoodSpring Suites Signature hotel in Miami’s Doral submarket.

October 27, 2015

California Hospitality Loans

Bank of China USA Provides $87M Loan to Loews Regency San Francisco

by Nellie Day October 27, 2015

SAN FRANCISCO — Bank of China USA has provided an $87 million loan to the 155-room Loews Regency San Francisco. The planned use of the financing was not disclosed. The hotel was formerly known as the Mandarin Oriental San Francisco, and converted to the Loews Regency brand after Loews Hotels purchased the asset in April. Loews Regency San Francisco is located on floors 11 through 48 of 345 California Center at 222 Sansome St. in the Financial District. It is within walking distance of Union Square and Fisherman’s Wharf. The hotel features Brasserie S&P, more than 5,000 square feet of meeting space and a new 8,000-square-foot spa and fitness center. JLL’s Mike Huth, John Manning, Kevin Davis and Alex Witt arranged the transaction.

October 27, 2015

Office South Carolina Southeast

NAI Avant Brokers $7M Sale of Office Building in Columbia

by John Nelson October 27, 2015

COLUMBIA, S.C. — NAI Avant has brokered the $7 million sale of Broad River Commons, a 135,675-square-foot office building located at 2340 Broad River Road in Columbia. The property is located one block from I-20 and a quarter mile from I-26. Denver-based Northstar Commercial Partners was the buyer. Jeff Hein and Roger Winn, Jr. of NAI Avant brokered the sale. NAI Avant recently represented an undisclosed tenant in leasing 63 percent of Broad River Commons’ available space.

October 27, 2015

Retail Southeast Virginia

Lidl Purchases Site in Virginia for $3.1M for New Grocery Store

by John Nelson October 27, 2015

FREDERICKSBURG, VA. — Lidl, a grocery retailer based in Germany, has purchased a four-acre land parcel in Spotsylvania County for $3.1 million. Lidl plans to build a 36,000-square-foot grocery store on the site, which is located at the intersection of Gordon Road and Route 3 in Fredericksburg. J.R. Burdette and Jonathan Gardner of Coldwell Banker Commercial Elite represented the seller, Henderson Properties, in the land transaction. This is the second store site purchased by Lidl in Spotsylvania County. In August, Lidl closed on a two-acre parcel in Southpoint II across Southpoint Parkway from Lowe’s Home Improvement and adjacent to 7–Eleven. The company is looking to enter into the U.S market with its first stores planned in Virginia and expected to open no later than 2018. In June, Lidl also purchased an 82-acre parcel to build a major distribution warehouse in Spotsylvania County. The distribution warehouse in Spotsylvania County is planned to be approximately 1 million square feet and cost around $125 million. The facility is also projected to provide 200 local jobs.

October 27, 2015

California Multifamily Western

Fred Sands of Sands Realtors, Vintage Capital Group Passes Away

by Nellie Day October 27, 2015

LOS ANGELES — Fred Sands, the founder of Fred Sands Realtors and Vintage Capital Group, died Friday, Oct. 23. He was 77. Sands became Coldwell Banker’s top-producing real estate agent in 1968 before opening his first Fred Sands Realtors office in Brentwood. The business became the second largest real estate and financial services company in California. It owned and operated entities in title insurance, home warranty, mortgage banking and escrow. Fred Sands Realtors employed 4,000 people throughout its network of offices and franchised operations, generating $9.4 billion in sales volume annually. Sands eventually opened more than 72 offices across California and Nevada before Coldwell Banker acquired the company in 2000. He then headed up Vintage Capital Group in 2001. Sands is survived by his wife, Carla, and his son and daughter, Jonathan and Alexandra.

October 27, 2015

Loans Nevada Retail Western

Vestar Acquires The District at Green Valley Ranch in Henderson Using $72M Acquisition Loan

by Nellie Day October 27, 2015

HENDERSON, NEV. — HFF has secured $72 million in acquisition financing for The District at Green Valley Ranch, a 384,724-square-foot mixed-use retail and office center in the Las Vegas suburb of Henderson. Aldon Cole and Todd Sugimoto of HFF worked on behalf of the borrower, Vestar, to secure the 10-year, fixed-rate loan with AIG Investments. Loan proceeds were used to purchase the 91 percent occupied property. A 51,300-square-foot Whole Foods Market anchors the center, which is also home to tenants including REI, Pottery Barn, Williams-Sonoma, West Elm, Anthropologie, The Cheesecake Factory and P.F. Chang’s China Bistro.

October 27, 2015

California Mixed-Use Office Western

ASB, Blatteis & Schnur Break Ground on At Mateo Mixed-Use Project in Los Angeles

by Nellie Day October 27, 2015

LOS ANGELES — ASB Real Estate Investments and Blatteis & Schnur have broken ground on At Mateo, an $80 million mixed-use project in downtown Los Angeles. The project will be located at the corner of Palmetto and Mateo streets in the Arts District. At Mateo will include nearly 125,000 square feet of open-air retail and 50,000 square feet of creative office space that will be situated in four buildings on a former 3.5-acre industrial site. It will be designed with re-purposed materials, including bricks, cobblestones and laminated beams, as a homage to the Arts District. The project will eventually include 30 to 35 chef-driven restaurants, eateries, boutiques and retail stores. At Mateo is scheduled for completion in the fourth quarter of 2016. Architect Keith Ray master planned the development.

October 27, 2015

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