The Charlotte Plaza, built in 1982, was a going concern until the credit crunch hit. And now, it’s up for sale. CBRE listed the 644,000-square-foot, 27-story tower owned by New York-based Rabina Properties. Its $120 million loan matured in January…
The average student housing preleasing rate for Yardi 200 schools reached 61.5% in February, a 450-basis-point increase year-over-year, according to the latest Yardi Matrix National Student Housing Report. Fueled by enrollment growth, demand is healthy enough to absorb 46,000 new beds…
NerdsToGo, an information technology solutions and technology repair company, plans a strategic expansion throughout the greater Chicago area in 20 new territories. The Chicagoland expansion follows one of the most successful years of development to date for the brand, which…
CIM Group said Friday it had sold Mason at Van Dorn, a 1,180-unit apartment community in Alexandria, VA. The Washington Business Journal reported the sale to a partnership of Shoreham Capital and Bridge Investment Group Holdings at $225 million. CIM…
Kidder Mathews has added valuation advisory specialist Eric Cross, MAI as an SVP in Downtown Los Angeles. For more than 20 years, he has focused on valuation assignments in Los Angeles, Orange, Riverside, San Diego, San Bernardino and Ventura counties and also…
Pigmental Studio is no startup. The studio has produced “Kong,” “Despicable Me,” and “The Klaus”. The company is planning a 117-acre media campus in coastal Georgia, just north of the Florida state line. Pigmental Studios says the project would include…
TruAmerica Multifamily acquired Westmont Commons, a 252-unit multifamily community in Asheville, NC. The asset was purchased off-market for $49,875,000 in partnership with Spoke Real Estate Capital. The seller was undisclosed. TruAmerica Multifamily’s Bob Hart added, “We expect to deliver an…
Spectro Alloys, a Midwest aluminum recycler, and The Opus Group, a family of commercial real estate development, construction and design companies headquartered in Minneapolis, broke ground on a $71 million expansion to add new aluminum recycling capabilities to Spectro’s Rosemount…
South Korean investment manager Consus Asset Management has agreed to pay $145 million, or $145 per square foot, for the one-million-square-foot office tower at 777 S. Figueroa St. in Downtown Los Angeles, reported Bloomberg News. The company is buying the 52-story building at…
Cushman & Wakefield has facilitated a lease expansion for Callen-Lorde Community Health Center at 3144 Third Avenue in the Bronx. The primary care center has expanded its space from 2,903 square feet to 12,916 square feet, now occupying the entire…
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