Property Type

HFF SECURES $27M LOAN FOR CITY NORTH AT SUNRISE RANCH

by admin August 17, 2012

ROUND ROCK — HFF has arranged $27 million in refinancing for the 384-unit City North at Sunrise Ranch, a Class A multifamily complex located at 2800 Sunrise Road in Round Rock. The community is 93 percent occupied and features a swimming pool, fitness center, clubhouse and billiards room. Douglas Opalka, Charles Halladay and Robert Wooten of HFF arranged the loan through Freddie Mac's Program Plus Seller/Servicer program on behalf of the borrowers, McShane Development Co. and Arsenal Real Estate.

August 17, 2012

THE ALEXAM SELLS FOR $3.4M

by admin August 17, 2012

LOS ANGELES – The Alexam, an 18-unit multifamily property in Los Angeles has sold to an individual/personal trust for $3.4 million. It is located at 724 South Berendo Street. Neema Ahadian of Marcus & Millichap’s West Los Angeles office represented both the buyer and the seller, a limited liability company, in this transaction.

August 17, 2012

Office Western

PHYSICIAN HEALTH PARTNERS LEASES 31,863SF IN DENVER

by admin August 17, 2012

DENVER – Physician Health Partners has leased 31,863 square feet in Denver. The building is located at 1125 17th Street. CBRE’s Brian Wells represented Physician Health, while Doug Wulf and Robert Knisely of Cassidy Turley Fuller Real Estate represented the seller, 1125 Transwestern Broadreach, in this transaction.

August 17, 2012

Industrial Western

TRAFFIC MANAGEMENT LEASES 20,000 SF AT AIRPORT AREA IN FRESNO

by admin August 17, 2012

FRESNO, CALIF. – Traffic Management from Southport Land & Commercial Co. has leased a 20,000-square-foot industrial building in Sacramento. It is located at 5317 E. Home Ave. The sale was executed by Ron Stoltenberg and Ethan Smith of Grubb & Ellis/Pearson Commercial.

August 17, 2012

Industrial Southeast

VOESTALPINE TO BUILD $62M MANUFACTURING FACILITY

by admin August 16, 2012

CARTERSVILLE, GA. — voestalpine Metal Forming plans to build a $62 million manufacturing facility at the 707-acre Highland 75 development, a master-planned industrial/corporate park located in Cartersville. The facility will be the first in the United States for the Australia-based company, and will create approximately 220 jobs. Highland 75 is a collaboration between Bartow County, the city of Cartersville and the Bartow-Cartersville Joint Development Authority.

August 16, 2012

Retail Southeast

WEINGARTEN BUYS D.C. SHOPPING CENTER FOR $54M

by admin August 16, 2012

ROCKVILLE, MD. — Weingarten Realty Investors has acquired the 81,300-square-foot Pike Center, located at the intersection of Rockville Pike and Bou Avenue in Rockville, from JBG Cos. and JBG Rosenfeld Retail for $54 million. Tenants include Office Depot, Cici's Pizza, T.G.I. Friday's and a proposed Walmart.

August 16, 2012

Office Southeast

FLA. OFFICE BUILDING SELLS FOR $2.2M

by admin August 16, 2012

CORAL GABLES, FLA. — The 10,701-square-foot Minorca Executive Center, an office building located at 370 Minorca Ave. in Coral Gables, has sold for $2.2 million. Kirk Olson, Benjamin Silver and Drew Kristol of Marcus & Millichap's Miami office represented the seller, a Miami-based limited liability company, in the transaction.

August 16, 2012

Multifamily Southeast

GRANDBRIDGE SECURES $7.5M LOAN

by admin August 16, 2012

DECATUR, GA. — Grandbridge Real Estate Capital has arranged $7.5 million in first mortgage financing for the 250-unit Valley Place Apartments, a garden-style multifamily property located in Decatur. Alan Tapie of Grandbridge secured the two-year, non-recourse loan with interest-only payments through NorthStar Realty Finance.

August 16, 2012

Multifamily Southeast

CAPITAL ADVISORS ARRANGES $4.35M LOAN

by admin August 16, 2012

ORANGEBURG, S.C. — Capital Advisors has secured $4.35 million in refinancing for the 240-bed Campus Corner Apartments, a student housing community located at 1100-1200 Campus Drive in Orangeburg. The property serves South Carolina State University and Calflin University. Cooper Willis of Capital Advisors arranged the 10-year loan with a 25-year amortization schedule through Cantor Fitzgerald on behalf of Orangeburg Student Housing LLC.

August 16, 2012

Midwest Mixed-Use

OPUS TO BUILD STUDENT HOUSING COMPLEX NEAR UNIVERSITY OF MINNESOTA

by admin August 16, 2012

MINNEAPOLIS — The Opus Group will develop The Station on Washington, a student residential and retail complex on the University of Minnesota's East Bank campus. The six-story building will contain 11,200 square feet of ground-level retail space and 97 residential units. Amenities will include underground parking, a fitness center and study lounge space. Opus plans to begin construction on the building later this month, and the project is slated for completion in August 2013. Elness Swenson Graham Architects is the project architect.

August 16, 2012

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