CBRE has arranged two loans worth $66 million to refinance two separate industrial portfolios in the Charlotte, North Carolina, metropolitan area. Brian Linnihan led CBRE Capital Markets’ Debt & Structured Finance in Atlanta, which represented CIP Real Estate in both…
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…
Massachusetts Gov. Maura Healey said Thursday that Lifespan Corporation has filed an asset purchase agreement (APA) to acquire and operate Saint Anne’s Hospital in Fall River and Morton Hospital in Taunton and that Lawrence General Hospital has filed an APA to acquire…
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…
The Atlanta area experienced a 211% increase in data center projects under construction in calendar year 2023, the largest increase in the nation, according to a CBRE survey. Georgia Power tracked 42 data center projects in the pipeline as of March 31….
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…
A joint venture between Childress Klein and Cameron Management obtained a $48.5 million loan for refinancing the Element Barclay Station, a 286-unit apartment complex in Wilmington, North Carolina. The 12-year fixed-rate loan was secured through a life company. Located at…
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