Lee & Associates finalized the $18-million sale of a four-story, 86,459-square-foot building at 777 E. 10th Street in Los Angeles. The seller foreclosed upon the property in February of 2022. Matthew Sullivan, managing broker of Lee & Associates Investment Services…
The Durst Organization announced that Clune Construction is relocating its NYC headquarters to 655 Third Avenue near Grand Central, leasing the entire 10th floor. This move, alongside Empire State Development’s lease, has increased the building’s occupancy from 52% to 85%….
Marcus & Millichap Capital Corporation (MMCC) arranged $5,000,000 for the refinancing of Larson Apartments, located at 8101 Larson Ave. in Garden Grove. Ron Balys, SVP, capital markets, based out of MMCC’s Orange County office, secured the bank financing on behalf…
A Cumberland office complex, that a year ago had landed on a CMBS loan-servicer watchlist, has been refinanced. The 700,000-square-foot Wildwood Center was financed with debt sold to investors in the form of commercial mortgage-backed securities. The Atlanta Business Chronicle…
Pappas Properties received approval from the Charlotte City Council to move ahead on Phase III of its mixed-use project on Pearl Park Way. The Charlotte Business Journal reports the okay will allow for a planned multifamily tower to reach a…
Northeastern University received approval from the Boston Planning and Development Agency board for a 23-story tower on Columbus Avenue, accommodating up to 1,370 students, Boston Business Journal reported. Additionally, The Druker Co. Ltd. gained approval for two connected lab-and-office buildings at 1033-1055…
The medical office market in the Tri-State New York metro area, encompassing NYC, NJ, CT, and Long Island, displays diversity, with strong demand and unique structural characteristics in each locality, according to JLL’s TriState medical office report. In Manhattan, medical…
Colliers arranged the $13,450,000 REO sale of a 43,700-square-foot mixed-use retail/office property, 1001 Towne Ave., located in the Fashion District of Downtown Los Angeles. EVP Mark Schuessler, vice chair Sean Fulp and EVP Ryan Plummer represented the Seller. The property…
Amid an overall four-basis-point decline in CRED iQ’s distress rate, multifamily posted an 80-bp increase in February, the analytics firm reported. It was the largest monthly increase in that sector in more than 18 months. As an example of issues…
Toro Development Company (TDC) has a lot to do before it can get moving on an ambitious mixed-use project in the Johns Creek NE of Atlanta. Toro spent $44 million on 43 acres that currently feature a four-story building, a…
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