Cities
It Takes a Village: Restoring Santa Monica’s Civic Center
“Santa Monica moved towards that rare event in Los Angeles–a pedestrian-oriented place,” writes architect James Mary O’Connor.
European Fashion Retailer Signs Long-Term Lease for 677,000 Sq. Ft. Lehigh Valley Warehouse
Primark, a European fashion retailer looking to expand overseas, has officially entered the US market by leasing a 40-acre site in Pennsylvania’s Lehigh Valley industrial market to support its east coast operations.
Bed Bath & Beyond Heading to Brooklyn
After going through a $100 million makeover, the 1.1 million square foot Liberty View Industrial Plaza is rapidly turning into Brooklyn’s most wanted place to lease for retailers.
Brookline Multifamily Property Sells for $50.2 Million
A joint venture between Westbrook Partners and Nordblom Co. sold a multifamily property in Brookline, MA, in a $50.15 million transaction arranged by HFF.
Federal Realty Snaps Up Major Silicon Valley Retail Property
Controlling interest in the San Antonio Shopping Center in Mountain View, CA was recently acquired by a real estate investment company in a deal worth a total of $62.2 million. The buyer is Federal Realty Investment Trust, a Rockvile, MD owner, operator and developer of high-end retail properties. The transaction was completed by using a combination of 58,000 downREIT units, $18 million of cash and the assumption of $18.7 million of fixed rate debt secured by the property.
TODAY’S DEALS: HFF Secures $46.73M 30-Year, Fixed-Rate Permanent Loan from M&T Bank
HFF announces it has secured $46.73 million in financing for the recently completed The Trails at Timberline; and BMC Capital provides a $4.8 million loan for a Houston property.
Joint Venture Breaks Ground on Phase One of DC Community
MRP Realty and Florida Rock Properties celebrated the official groundbreaking of Phase One of the mixed-use Riverfront development.
TODAY’S DEALS: Hunt Mortgage Provides $6M, Full-Term Interest-Only, Bridge Loan
Hunt Mortgage Group announces that it has provided a $6 million bridge loan to refinance Sun Bay Apartments; and Colliers completes the sale of a 228-unit Class B property in Austin, Texas.
Condos to Replace Deserted Office Building
A new luxury condominium tower could replace a vacant office building located at 171 Tremont Street in Boston’s Midtown Cultural District.