Alternative Lender Bayport Funding Gets Capital to Expand
March 30, 2023
Former Macy’s Store in Sanford, Fla., May Become Apartments
March 30, 2023
Regional Digests
Suburban San Francisco Shopping Center Completed
San Francisco Chronicle TBI Development Inc. has completed the first phase of the 76,050-square-foot Madrone Village Shopping Center in the San Francisco suburb of Morgan Hill, Calif. The complex will be about 50 percent occupied with four tenants leasing the...
JP Morgan Chase Seeks Tax Breaks, Bonds for Manhattan Headquarters Construction
Gotham GazetteJP Morgan Chase seeks government financial incentives to build a 1.3 million-square-foot headquarters building in Lower Manhattan. The financial company is negotiating with Mayor Michael Bloomberg's administration for tax breaks and federally-subsidized Liberty Bonds for its proposed headquarters on...
$73Mln Office Sale in Oakland, Calif., Sets Market Record at $365/SF
San Francisco Business JournalBrandywine Realty Trust has acquired Lake Merritt Tower, a 200,000-square-foot building in Oakland, for $73 million from Prudential. The Radnor, Pa., REIT paid $365/sf, setting a record for Oakland office sales. The building is at 155 Grand...
Nashville’s BellSouth Building Reported Sold
Nashville Business JournalEntreCap Financial Corp. is said to have sold the BellSouth Building in downtown Nashville. EntreCap, a subsidiary of Cerberus Capital Management LP, acquired the 690,000-square-foot tower in 2006 when it assumed control of PrefCo XIV LP, a former...
Construction Companies form Venture for $100Mln New York City Development
Crain's New York BusinessTwo construction companies have formed a venture to develop residential and mixed-use projects valued at $100 million in New York. The venture of Blue Diamond Construction Inc. of New York and Fireline Restoration Inc. of Tampa, has...
ING Clarion Sells Office Building in Lone Tree, Colo., for $30Mln
Denver Business JournalING Clarion Partners of New York sold the ParkRidge One office building in Lone Tree, Colo., for $30 million to LBA Realty. The 165,000-square-foot building, at 10475 Park Meadows Drive in the ParkRidge Corporate Center, is fully occupied....
Atlanta to Get $300Mln Mixed-Use Project
Atlanta Business ChronicleSeven Oaks Company LLC is teaming up with GE Capital Management in a venture to develop a $300 million mixed-use project in Atlanta. The project, which will be on 22 acres off Cumberland Avenue, will have almost 2...
Three Projects Rising in South Florida
South Florida Business JournalAbout 650,000 square feet in three projects are being developed in the Airport West submarket of Miami and should be completed by next year. Procacci Development Group is developing Crossroads, with 172,000 sf at the 700,000-sf Dophin...
$73Mln Office Sale in Oakland, Calif., Sets Market Record at $365/SF
San Francisco Business JournalBrandywine Realty Trust has acquired Lake Merritt Tower, a 200,000-square-foot building in Oakland, for $73 million from Prudential. The Radnor, Pa., REIT paid $365/sf, setting a record for Oakland office sales. The building is at 155 Grand...
Technology Park in Houston to Get Another Building
Houston ChronicleGenCap Partners of Dallas has agreed to build a 105,121-square-foot building in Houston. The building, which is being built on a speculative basis, will be in the Chasewood Technology Park at State 249 and Chasewood Park Drive. The campus,...
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