Douglas Development Corp. has acquired the Portrait Building at 701 Eighth St. NW in D.C., which the previous owner turned over to its lender earlier this year. Jemal’s Portrait Building LLC, a Douglas affiliate, bought the 135,000-square-foot, eight-story property for…
Institutional Property Advisors (IPA), a division of Marcus & Millichap, has the exclusive listing for the sale of Home Ranch Commons, a 60,737-square-foot mixed-use medical and retail center anchored by UCI Health in Yorba Linda. The price is open bid. “The offering includes assumable financing…
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…
New York City-based fashion brand Alex Mill has signed a lease at Rockefeller Center, slated to open holiday 2024. Alex Mill’s new location at 1 Rockefeller Plaza will be the brand’s third brick-and-mortar store, spanning approximately 1,752 square feet. The brand was founded in 2012 by Alex Drexler, with…
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…
CBRE has arranged the sale of Post House, a 159-unit multifamily property in Evansville, Indiana. Prosperity Commercial Real Estate purchased the property from Scannell Properties for an undisclosed amount. CBRE’s Hannah Ott, George Tikijian, Cam Benz, Claire Bullard and Ryan…
Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s National Retail Partners represented United Hampshire US REIT in the sale of the Lowe’s and Sam’s Club in Kingston, NY for $36,500,000. CBRE also procured the purchaser, an institutional buyer. Lowe’s and…
Centennial Yards Company topped out the first residential tower in the sports and entertainment district at Centennial Yards. The company broke ground on the first two projects within the $5 billion 50-acre mixed-use development less than two years ago and marks…
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