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…
Healthcare Realty Trust sold two Durham area medical office buildings for a combined $20 million. AW Property acquired both properties: the Duke Health Center for $15.2 million and the UNC Family Medicine Center for $5 million. Healthcare Realty Trust acquired…
Foundry Commercial has acquired a two-building, 338,301-square-foot office campus in Fort Mill, South Carolina. The company purchased the campus for $15.8 million and plans to redevelop it into an industrial park. Patrick Gildea, Matt Smith, and Robert Hardaway of CBRE’s…
Dean Zander has joined Newmark as vice chairman, based in the Century City office. He brings more than three decades of experience in the multifamily sector throughout Southern California, closing transactions valued at more than $11.9 billion across 58,000 units…
Kidder Mathews has hired Will Ballowe as a VP in Pleasanton. With nearly a decade of experience, Ballowe specializes in representing office landlords and tenants across San Francisco’s East Bay market. The company said Ballowe has a proven track record assisting a diverse…
Valuations on distressed properties as of midyear 2024 have declined an average of 43% from their original issuance, CRED iQ reported. The decline has increased by 140 points from six months ago. By valuation grouping, distressed properties valued at less…
A Jacksonville developer is defining its project as regenerative placemaking. The developer, Future of Cities (FoC) has received a $5.5 million incentive package and a rezoning from the city to build a 10-building innovation hub as well as an 830-unit…
Cantor Fitzgerald and Silverstein Properties have entered into a joint venture with Turnbull Development to develop a mixed-use project in Summerville, SC, encompassing 365 garden-style multifamily units across three buildings and a 40,000-square-foot medical office building in a qualified opportunity…
Woodfield Development secured a $53.7 million senior loan for Margaux Midtown, a luxury apartment community in Nashville, Tennessee. BWE’s provided financing, which was structured by Adam Bieber and Alec Jenkins from BWE’s Washington, D.C. office. Delivered in 2023, Margaux is a luxury…
Cap rates in the single-tenant net lease sector increased for the ninth consecutive quarter within all three major property types, according to The Boulder Group’s 2nd Quarter Net Lease Research Report. Single-tenant cap rates increased to 6.47% (up five basis points)…
End of content
End of content
