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LaSalle Investment Management is undaunted by talk that Orlando might be getting overbuilt. The firm is planning to construct two office buildings and will soon be in the market for some $45 million of financing.
After a year-long hiatus, Steve Scorgie has returned to market loan portfolios and originate financings for clients of the New York brokerage firm.
Attracted by the area's miniscule vacancy rate, Dewberry Capital is planning to construct a massive mixed-use complex in Midtown Atlanta. The project has an estimated price-tag of $250 million. Financing has not been raised yet.
Daiichi Real Estate, which recently sold the Tiffany building on 57th Street, is looking to sell the building across the street, 1 East 57th Street. It, too, should fetch a whale of a price.
An Equitable Life fund managed by Lend Lease is in the process of selling its fifth property. It has two more to go.
The bank is said to be planning a $500 million floating-rate CMBS issue in the first quarter, likely with a partner. It has also bumped up the size of a fixed-rate deal it was planning with GE Capital to $1.5...
An offshore investor has paid $69.8 million for a fully leased office building in Houston's western suburbs. The building is leased to Asea Brown Bovari.
Bond buyers are back in the market after a short hiatus. And CMBS issuance is expected to get jump-started later this week when JP Morgan launches its $800 million conduit deal.
Surprisingly strong demand from tenants has allowed the Atlanta office market to maintain stable vacancy rates. Rents are also on the uptick.
Gotham Partners is apparently driving the two to discuss a merger or some combination of assets.
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© 2023 Commercial Real Estate Direct All rights reserved..