Commercial

Whitestone REIT Buys Phoenix-Area Retail Center

Whitestone REIT has purchased Scottsdale Commons, a 69,482-square-foot shopping center in Scottsdale, Ariz. C&H Development sold the asset for $22.2 million, according to CommercialEdge data. Scottsdale Commons comprises three buildings on some 6 acres. Image courtesy of CBRE CBRE’s Senior Vice…

Commercial

Catalyst Investment Closes $187M IOS Fund

Part of Catalyst Investment Partners’ portfolio, 2600 Louisville Road in Savannah, Ga., is a 6.7-acre property including IOS and a cold storage warehouse, about 2.5 miles from the Port of Savannah. Image courtesy of CommercialEdge Catalyst Investment Partners, a New…

Commercial

Orlando Power Center’s Checkout: $47M Refi

The Fresh Market at The Crosslands, one of the power center’s largest tenants. Image courtesy of JLL The joint venture of The Hampshire Cos., Federated Hermes and O’Connor Capital Partners has obtained $47.1 million for the refinancing of The Crosslands,…

Commercial

ULI Equity Panel: It’s ‘Pencils Up’ for the Right Property Types

Chris Aiken, head of acquisitions for MetLife Investment Management’s Real Estate Group, and Robert Jue, CEO of Standard Real Estate Investments. There is a growing sense that commercial real estate has turned the corner and transaction activity will soon normalize.…

DataBank Launches 5M Credit Facility for Expansion

Commercial

DataBank Launches $725M Credit Facility for Expansion

DataBank has established a new $725 million credit facility which it intends to use to finance ongoing and future data center construction projects. DataBank’s ATL5 facility will comprise two multi-story data centers. Rendering courtesy of DataBank The new capital will…

L&L Holding Lands 1M Refi for Manhattan Tower

Commercial

L&L Holding Lands $911M Refi for Manhattan Tower

425 Park Avenue. Image courtesy of Alan Schindler In one of the largest deals of its kind this year, L&L Holding Co. has secured $911 million to refinance 425 Park Avenue, its 47-story Manhattan office tower. Sumitomo Mitsui Trust Bank…

Commercial

Regency Centers Sells Fort Lauderdale Retail Asset

Regency Centers has sold Tamarac Town Square, a 124,585-square-foot Publix-anchored shopping center in Tamarac, Fla., with the assistance of JLL. An affiliate of Jamestown purchased the 83.8 percent-leased asset for $22.5 million, as reported by The Real Deal. The property…

Commercial

Austin Begins 2024 With Strong Office Sales

The Austin office market started the year off with solid investments, in what was a change of pace from 2023’s final two quarters. The metro’s sales volume so far places it among the highest performing office markets in the U.S.…

Commercial

Endeavor Snaps Up 120 KSF Austin Office Building

Plaza on the Lake has direct frontage to Lake Austin. Image courtesy of Newmark An entity affiliated with Endeavor Real Estate Group has purchased Plaza on the Lake—a 120,798-square-foot office building in Austin, Texas—from a joint venture between IPERS and…

Commercial

Jacksonville Office Park Changes Hands

Greystone at Town Center last traded in 2006. Image courtesy of Cushman & Wakefield Texas-based Woodside Capital Partners acquired Greystone at Town Center, a 212,240-square-foot office park in Jacksonville, Fla., for $19.2 million. The asset was last owned by Taurus…