Zalmi Klyne, SVP and managing director of Northmarq’s Los Angeles Debt + Equity team, secured the internal refinance of Park Place Apartments, a 47-unit multifamily property in Lancaster, for $8.28 million. Northmarq arranged financing on behalf of the borrower, a private investor,…
CBRE recently arranged the sale of Arrow Pines Business Park, a 44,125-square-foot-industrial business park in San Dimas. The buyer was a private investor, Arrow SD LLC, who paid $9.23 million. CBRE Investment Properties’ Mark Shaffer, Anthony DeLorenzo, Gerand Poutier and Dylan Rutigliano, along with CBRE’s National Partners Barbara Perrier and Eric…
Endeavor Real Estate Group is moving into student housing. The Austin-based firm—which already develops and manages a wide range of properties, including retail, office, multifamily and big mixed-use projects such as The Domain, Saltillo and the planned redevelopment of the…
Vista Residential Partners has broken ground on 11.7 acres on the corner of N. Main Street and Holly Springs Road in Holly Springs, NC, for the development of Main Street Vista, a 277-unit mixed-use community. Public records show that Western-Southern…
St. Augustine Outlets, like numerous malls throughout the US, closed during Covid. Mall owners had to figure out what to do with now-empty space. Thompson Thrift is moving ahead on Terrassa, a multifamily community, part of the redevelopment of the…
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….
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive…
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…
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