An aerial view of 110 East Welcome to 110 East, a 370K SF, Class-A office property in Charlotte. The tower was delivered in May by a partnership of real estate companies Stiles and Shorenstein Properties and designed by Hastings Architecture…
Continental Realty Corporation, on behalf of Continental Realty Fund IV, L.P., has completed the sale of Ridge Plaza, a nearly 140,000 square-foot retail center located at 9000-9200 W State Rd 84 in Davie, Florida, for $22.25 million. JLL represented CRC…
Kroll Bond Rating Agency said the delinquency rate among KBRA-rated U.S. CMBS in August declined marginally to 4.98%, down 11 basis points from July. However, the CMBS distress rate–the total delinquent and specially serviced loan rate–increased 32 bps to 8.36%….
The Providence Group, a Charlotte-based retail real estate brokerage firm, has added Kerri Dunlevy and Alex Miller to its Raleigh team. Kerri Dunlevy, who joins The Providence Group as Marketing Director, brings experience in real estate marketing, particularly in promoting…
California-based Orton Development is considering converting the nearly century-old Joseph Vance Building, an art deco property in downtown Seattle. Location at the corner of Third Avenue and Union Street downtown, the project would turn unused Seattle offices into housing, reported…
Thorofare Capital, an affiliate of asset management platform Callodine Group, LLC, provided a $23 million fixed-rate loan to a DLP Capital affiliate for the refinancing of Dream Aspen Creek, a 2018-built, 240-unit, Class A apartment community in the Tulsa bedroom…
Marcus & Millichap closed the sale of Arts Industrial Park, a 63,500-square-foot industrial property located in Olympia, Washington. The asset sold for $4.8 million. Matthew Herman and RJ Vara, investment specialists in Marcus & Millichap’s Seattle office, had the exclusive…
SimonMed is pursuing a permit to build a 239-unit apartment complex and 13,000 square feet of office space near the Glendale sports and entertainment district (photo). The Phoenix Business Journal reports the new proposal would be developed in two phases…
Divaris Real Estate, in partnership with Silverline Equities, has been selected to provide office leasing services for The Offices at the Village at Shirlington, an office destination within Federal Realty’s Village at Shirlington. Located in the heart of Arlington’s arts…
Large-scale loans helped drive significant credit changes in newly delinquent loans, cured loans and modified loans during July, Trepp reported. For example, the office CMBS delinquency rate rose 54 basis points last month to 8.09%, with a single loan–the $670-million…
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