The former Duke Energy building in downtown Charlotte is going down. It needs to be demolished so Asana Partners and MRP Realty can move forward on their $250 million redevelopment plan. The Charlotte Business Journal reports the building at 526…
VanTrust Real Estate, LLC is set to begin construction on a build-to-suit facility for Sephora. The 746,672-square-foot structure will be located on 61 acres at Avon Landings Commerce Park in Avon, Indiana, and will serve as Sephora’s Midwest distribution center….
The Trepp CMBS Special Servicing Rate ticked up slightly in June, rising two basis points to 8.23%. Although the monthly increase was minimal, Trepp noted that it represents the sixth consecutive monthly increase. Prior to the COVID-19 pandemic, the last…
Metropolitan Life Insurance Co. has taken the 166,000-square-foot office property at 240 W. 35th St. in Midtown Manhattan by foreclosing against a mortgage it had provided in 2018, Trepp reported. It made a $30-million credit bid at a May 29…
Pinnacle Hospitality Partners is seeking approval from the Metro Planning Department for a new 24-story development that would feature 218 hotel rooms and 261 apartment units. The first eight floors of the nearly 360,000-square-foot building are planned for hotel rooms…
CBRE has secured $38.5 million in construction financing for the development of Village Green, a new 90,525-square-foot shopping center in Nolensville, Tennessee. Richard Henry, Mike Ryan, Brian Linnihan, and Taylor Crowder with CBRE Capital Markets’ Debt & Structured Finance represented…
The City of Atlanta and Dominium have opened two residential communities reserved for low-income tenants. The two projects will house over 1,000 seniors and families and are expected to cost $140 million to build. Briar Park (photo) and The Paramount…
Beta Agency SVP Adam Friedlander represented the seller of a Raising Cane’s Restaurant located in Carson. The sale price was $7,525,000. The undisclosed buyer was a private California investor in a 1031 exchange. Friedlander said, “The sale of the Raising…
Aspen Real Estate purchased the underperforming Renaissance III shopping center, situated in a densely populated area near the University of Nevada-Las Vegas. Aspen paid $24.7 million for the 225,748-square-foot property located at the corner of East Flamingo and East Pecos Roads. The seller was…
Land development company Taylor Builders LLC has chosen Sacramento-based Capital Rivers Commercial to lead the retail side of its projects. Capital Rivers Commercial, led by CEO Greg Aguirre, said it will handle the marketing and development of retail centers in various projects, including those…
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