Cities
Flex-Industrial Property Fetches High Figure of $134 PSF
A flex-industrial building on the western edge of the city of Sunrise was sold recently for what the broker defined as the high watermark price for this property type in 2015. Morris Southeast Group announced the sale worth $6.02 million and the company was the only broker involved in the transaction
TODAY’S DEALS: Tishman Taps FirstService for LUMINA Management Gig
San Francisco’s new iconic condo gets a manager, and a borrower opts for prepay penalty in order to obtain Oak Grove Capital’s loan.
Multifamily Developer Shifting Focus to Chicago Suburbs
There is no shortage of luxury apartments in Chicago’s lively multifamily market.
Greystar Breaks Ground in Desirable Neighborhood
Construction on a new residential and retail community in Atlanta is under way.
TODAY’S DEALS: JV Snaps Up Infill Atlanta Development
A “quintessential” infill development trades in an off-market deal; and Bell Partners takes in $140 million-plus in the sale of properties.
TODAY’S DEALS: J&B Asset Management Grabs a ‘Commuter’s Haven’
Close proximity to five highways and a rail station are nice selling points; a mortgage bank increases cash flow with a refinance in California.
Houston’s Industrial Projects Fly Off the Shelves
In one of Houston’s most lucrative industrial submarkets, ownership can change as soon as a project gets off the ground. Denver-based Amstar announced recently that not long after it had started working on its 352,680-square-foot Beltway North Commerce Center, the firm entered an agreement with an anonymous buyer to sell the building.
TODAY’S DEALS: Balfour Beatty Makes a Case for Suburban Dallas
Good schools and proximity to DFW airport draws a joint venture to buy; and Capital One closes on a capped adjustable-rate loan.
TODAY’S DEALS: Berkadia Supplies Massive Loan for Portfolio Acquisition
Berkadia finalizes financing for a huge multi-million dollar sale, and a value-add firm bets on Vegas as a retirement destination.