Prime US REIT has unloaded One Town Center in Boca Raton, Florida, for $82 million, a considerable loss. The company paid $99.5 million for the property in 2021. Prime US REIT sold the 200,858-square-foot office building and 435-space parking garage…
Clearway Pain Solutions, a pain management medical practice, has signed a lease with Padonia Place, LP, for 10,490 square feet of space at 2405 York Road. The transaction brings the three-story medical office building in Timonium to 100 percent occupied. Clearway leased 6,400…
NexPoint launched the NexPoint Small Bay II DST, a Delaware statutory trust (“DST”) offering comprised of two Small Bay industrial properties in the Orlando-Kissimmee-Sanford metropolitan statistical area (“MSA”). The offering, sized at just under $39 million, adds 378,929 square feet of multi-tenant warehousing and industrial…
The distress rate on apartment loans with CMBS financing has increased 185% year to date, according to CRED iQ. Loans in the multifamily sector began 2024 with a 2.6% distress rate—a composite of the special servicing and delinquency rates—and now…
A 119-key boutique hotel in downtown Alpharetta, GA has returned to its lender, the Atlanta Business Chronicle reported. The Hamilton, part of Hilton’s upscale Curio Collection, was foreclosed upon on July 2. An affiliate of Atlanta-based Peachtree Group was the highest…
Childress Klein is asking the city of Charlotte to rezone a 213,000 square foot office property at 2101 Rexford Road so it can redevelop the property into a mixed-use venture. If the developer gets its way, the property, Esplanade at SouthPark…
The Paces Foundation and Soho Housing Partners opened The Legacy at Carr Heights Senior Apartments, a 120-unit affordable senior housing community in Charlotte, N.C. A number of other agencies collaborated on the project. Commercial Edge reports the financing for the…
Marcus & Millichap closed the sale of MedMark Medical Center, a 12,750-square-foot medical office located in Lafayette, Indiana. The property sold for $2.6 million with a 6.6 percent cap rate. Three and a half years remain on the NN lease…
Capital Square will open its 20-story mixed-use building at the corner of Dawson and Lenoir streets near Red Hat Amphitheater in February 2025. The tower, named Maeve, has 297 apartments,10,500 square feet of ground-floor retail and an 8-level parking deck. The units…
A Sprouts Farmers Market Inc. will soon open at the base of a 383-unit apartment complex in Charlotte. The project is called One NoDa Park and is situated at the intersection of 36th and North Tryon Street. The 21,000-square-foot store…
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