Spanish manufacturer Cosentino bought 570 acres from the City of Jacksonville with the promise that it would build a $270 million production facility. The company which makes natural stone and architectural surfaces, also promises it will create 180 jobs. It…
IPA Capital Markets (a division of Marcus & Millichap (NYSE: MMI)) and Green Harbor Capital secured $18 million in financing for the $32 million acquisition of a 31-story Class A office building located at 121 W. Trade Street in Charlotte. Bobby Werhane in the…
Noble Investment Group will build a four-story, 55,082-square-foot StudioRes by Marriott, an extended-stay hotel with 124 rooms, in the Collins Town Center north of Costco Wholesale. The company expects the project to cost just under $10 million. The brand is Marriott’s…
Hendrick Motorsports is proposing a $35 million investment to develop a 260,000-square-foot manufacturing facility adjacent to its Concord campus. The Charlotte Business Journal reports that the town has proposed incentives for the project, which are valued at $124,950. The facility…
Transwestern Real Estate Services (TRS) announced that St. Croix Hospice has signed a new, long-term lease at Mendota Tech – Workplace 3, located at 1175 Center Pointe Circle in Mendota Heights, Minnesota. The care provider will occupy the full 30,586-square-foot…
An Atlanta-based hotel developer bought the East Nashville site where it is planning a Marriott hotel. Dream Capital paid $5 million for a 1.41-acre property near the East Bank, located at 751 S. Fifth St., where it is eyeing an eight-story,…
One of Center City’s most iconic distressed office buildings could undergo a residential conversion following foreclosure proceedings expected to wrap up early next year. TF Cornerstone plans to convert Center City’s historic Wanamaker Building into apartments following bankruptcy proceedings. New…
Equity Commonwealth has completed the sale of 1250 H Street, a 196,000-square-foot office property located in Washington, D.C., for $27.5 million. The Chicago-based real estate investment trust (REIT) was once led by late billionaire real estate investor Sam Zell. The…
Seattle Theatre Group, which owns and operates three local historic theaters, has paid $6 million for a 103-year-old Cornish College property. Seattle Theatre Group bought the landmark Kerry Hall from the Cornish College of the Arts. The building, located at 710 E….
Newmark arranged the $14.5-million sale of 2 Executive Dr., an R&D/office/lab building located in Chelmsford, MA. Co-head of U.S. capital markets Robert Griffin and Newmark’s Boston Capital Markets team of Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell, Joseph Alvarado and Casey…
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