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Development - Page 10
Carr Properties Sells Downtown D.C. Office Building to Shorenstein
Carr Properties has sold another of its Washington, D.C. office buildings as part of its ongoing portfolio reorganization. The prominent local landlord sold the property at 901 K St. NW to Shorenstein for $84.3 million, according to documents filed with…
Ibiza to Idaho: Must-See Homes Under $1M
An apartment moments from the crystal-clear turquoise waters of the Ibiza beaches, a bohemian bungalow with views of the Pacific, or a Spanish Mission-style ranch in Idaho—which one…
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Commercial - Page 10
Seligman Refinances Orange County Mixed-Use
Bridgecreek Business Park comprises one- and two-story buildings. Image courtesy of CommercialEdge The Seligman Group has secured a $35.5 million refinancing loan for Bridgecreek Business Park, a 152,917-square-foot mixed-use campus in Garden Grove, Calif., according to CommercialEdge information. Comerica Bank…
Trammell Crow, MetLife Deliver Multi-Story Industrial Building Near Seattle Port
The facility can accommodate a variety of industrial uses, such as last-mile, storage, regional distribution, manufacturing and maritime. Image courtesy of Trammell…
CREF Forecast: Borrowing and Lending Expected to Increase to $576B in 2024
Source: Mortgage Bankers Association Total commercial and multifamily mortgage borrowing and lending is expected to rise to $576 billion in 2024, which…
Brixton Capital Buys San Diego Mixed-Use Asset
Brixton Capital has purchased Polo Plaza, a 63,629-square-foot mixed-use property in Del Mar, Calif. ASB Capital Management sold the asset for $18.5…
Industrial Sales Prices Inched Up in 2024
Source: CommercialEdge, a Yardi Systems Company Year-to-date through November, the average sale price for industrial properties in the U.S. stood at $128…
New Jersey Office Building Changes Hands
The 154,777-square-foot office building went through capital improvements in 2016. Image courtesy of CommercialEdge Ravine Development Co. LLC has sold 10 Park…
$1B Manufacturing Plant Planned in Tennessee
Pivotal Manufacturing Partners has purchased nearly 140 acres of land in Hawkins County, Tenn., within Phipps Bend Advanced Nuclear Plant. Concurrently, the…
BKM Recapitalizes San Diego Light Industrial Assets
To help unlock the full potential of its assets, BKM Capital Partners recapitalized three San Diego business parks from its BKM Industrial Value Fund II LP, with Tokyu Land US Corp. for $76.9 million. Otay Distribution Center has three units…