Property Type

Dalfen Signs HVAC Company to 96,000 SF Industrial Lease at Midpoint Miami Logistics Center in Hialeah

by John Nelson November 15, 2024

HIALEAH, FLA. — Dalfen Industrial has signed Cooper & Hunter, a leading HVAC equipment company, to a 96,000-square-foot lease at Midpoint Miami Logistics Center in Hialeah. Wayne Ramoski, Skylar Stein and Ivana Leitner Perez of Cushman & Wakefield represented Dalfen Industrial in the lease transaction, while Cook Commercial Realty represented Cooper & Hunter (operating under the name Comfortside). Dalfen recently completed the 300,000-square-foot Midpoint Miami Logistics Center, which is located near the Florida Turnpike, I-75, Miami International Airport and the Port of Miami.

November 15, 2024

Acquisitions South Carolina Southeast Student Housing

Campus Advantage, Tramview Capital Acquire 700-Bed Student Housing Community Near University of South Carolina

by John Nelson November 15, 2024

COLUMBIA, S.C. — A joint venture between Campus Advantage and Tramview Capital Management has acquired Alight Columbia, a 700-bed student housing community located near the University of South Carolina campus in Columbia. The new ownership plans to rebrand the 206-unit property as “The Radley.” The community offers a mix of two- and four-bedroom units alongside shared amenities including a fitness center, swimming pool, outdoor grilling station, tennis courts, basketball and sand volleyball courts, resident clubhouse and a business center.

November 15, 2024

Acquisitions Florida Retail Southeast

SRS Brokers $3.4M Sale of New Retail Building in Orlando Leased to Pacific Dental Services

by John Nelson November 15, 2024

ORLANDO, FLA. — SRS Real Estate Partners has brokered the $3.4 million sale of a new retail property located at 7555 Narcoossee Road in Orlando. Pacific Dental Services has a 10-year, corporate-guaranteed lease in place at the 4,000-square-foot property. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based private developer, in the transaction. A private investment firm based in Colorado purchased the retail building at a 5.85 percent cap rate, according to SRS.

November 15, 2024

Alabama Data Centers Development Georgia South Carolina Southeast Top Stories

DC BLOX to Develop 68-Acre Data Center Campus in Metro Atlanta, Three New Data Centers Across Southeast

by John Nelson November 15, 2024

ATLANTA — DC BLOX will develop four new data centers in the Southeastern United States. The company is currently underway on its 68-acre Atlanta East campus in Conyers, Ga., roughly 24 miles east of downtown Atlanta. The facility will consist of two buildings with more than 1 million square feet of data center space at full build-out. The campus will initially deliver 10 megawatts (MW) of power for an undisclosed hyperscale client, with an expansion capacity of up to 120 MW for additional clients. Data center power refers to the amount of energy required to operate all the components of the facility, including servers and related IT hardware, as well as the cooling systems. DC BLOX broke ground on the project in September 2024. Delivery is slated for the fourth quarter of 2025. “DC BLOX’s presence in Conyers is a transformative step for our region,” says Kevin Hanna, president of the development authority of Rockdale County through the Conyers Rockdale Economic Development Council. “Their collaboration with local stakeholders and commitment to innovation will be foundational for future tech investments in our community.” In conjunction with the Atlanta East data center, DC BLOX will build a network of fiber cables around …

November 15, 2024

Affordable Housing Development Multifamily Texas

NRP Group Completes 318-Unit Affordable Housing Project in South Austin

by Taylor Williams November 14, 2024

AUSTIN, TEXAS — The NRP Group, a multifamily developer based in Cleveland, has completed Bridge at Estancia, a 318-unit affordable housing project in South Austin. Designed by HEDK Architects, the property is located on a 15-acre site within the 600-acre Estancia Hill Country master-planned development. Units come in one-, two-, three- and four-bedroom floor plans and are reserved for renters earning 60 percent or less of the area median income. Amenities include a pool, fitness center, outdoor grilling and dining areas, business center, activity room and a playground. Financing for the project included a $20 million housing tax credit investment from Hudson Housing Capital, along with construction and permanent financing provided by BWE and Deutsche Bank.

November 14, 2024

Development Multifamily Texas

AOG Living Breaks Ground on 168-Unit Active Adult Community in Southeast Austin

by Taylor Williams November 14, 2024

AUSTIN, TEXAS — AOG Living, the Houston-based developer and operator formerly known as Allied Orion Group, has broken ground on Novum Capitol View, a 168-active adult project that will be located in southeast Austin. Designed by Humphreys & Partners, the property will offer studio, one- and two-bedroom units that will be reserved for renters age 55 and above. Amenities will include a saltwater pool, fitness center, hair and nail salon, theater and game lounge, dog park, community gardens and an activity room. CBRE arranged construction financing for the project, completion of which is slated for late 2025.

November 14, 2024

Colorado Loans Multifamily Oregon Western

BWE Arranges $260M Loan for Refinancing of National Multifamily Portfolio

by Kristin Harlow November 14, 2024

DENVER AND BEAVERTON, ORE. — BWE, the commercial finance firm formerly known as Bellwether Enterprise Real Estate Capital, has arranged a $260 million loan for the refinancing of a national portfolio of six multifamily properties totaling roughly 1,500 units. Two of the properties — Hartley Flats and Studio LoHi — are located in Denver, and a third, Victory Flats, is located in Beaverton, Ore. The other properties in the portfolio are in Austin and Charlotte. All properties were constructed within the past decade, and the portfolio had an occupancy rate of approximately 95 percent at the time of the loan closing. Northwestern Mutual provided the five-year loan, which was structured with a 5.07 percent interest rate, full-term interest-only payments and a 55 percent loan-to-value ratio. The borrower was not disclosed.

November 14, 2024

Acquisitions California Loans Multifamily Western

Walker & Dunlop Secures $113M Acquisition Financing for Bay Area Multifamily Community

by Amy Works November 14, 2024

REDWOOD CITY, CALIF. — Walker & Dunlop has secured $113 million in financing on behalf of Acacia Capital for the acquisition of 299 Franklin, a Class A multifamily property located at 299 Franklin St. in Redwood City. Jeff Burns, Chris Botsford, Rene Alvarez, Jeff Conahan and Matt DeMarche of Walker & Dunlop Multifamily Finance team arranged the financing. Built in 2013, 299 Franklin offers 304 market-rate studio, one- and two-bedroom apartments, including 11 direct-access townhomes, with an average unit size of 845 square feet. Community amenities include a rooftop deck, fitness center, swimming pool and spa deck, business and resident lounges, bicycle parking and electric vehicle charging stations.

November 14, 2024

California Development Industrial Western

Rockefeller Group Completes 259,951 SF Distribution Center in Perris, California

by Amy Works November 14, 2024

PERRIS, CALIF. — Rockefeller Group has completed the construction of Patterson Commerce Center, a distribution facility on 14 acres in Perris. The project team included HPA Architects, Huitt-Zollars as engineer and RM Dalton as general contractor. Located on Patterson Avenue and Nance Street, the 259,951-square-foot center offers a clear height of 36 feet, 56-foot by 60-foot column spacing and 145 parking spaces and 59 truck trailer stalls over a 185-foot by 240-foot concrete truck court. Joe McKay, Michael McKay and Michael Fine of Lee & Associates are handling marketing for the property.

November 14, 2024

Acquisitions Colorado Loans Retail Western

KPR Centers Receives $33.9M in Financing to Acquire University Hills Retail Center in Denver

by Amy Works November 14, 2024

DENVER — KPR Centers has received $33.9 million in financing for the acquisition of University Hills, a grocery-anchored shopping center in Denver. The name of the seller and final sales price were not released. Sunny Sajnani and Travis Headapohl of Institutional Property Advisors (IPA) Capital Markets arranged the five-year life company financing, which includes fixed-rate, full-term interest-only payments and prepayment open at par for the last year. Tom Lagos of IPA retail investment sales procured the buyer in the sales transaction. At the time of sale, University Hills was fully occupied. Tenants include King Soopers, Michaels, Marshalls, Office Depot and Ulta.

November 14, 2024

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