RECENT NEWS
Phoenix Offices Sell for $10Mln
An investment group has paid $10 million for Fairmount Place, a 77,203-square-foot office building in Phoenix. The Seattle group, which operates as Fairmount Office LLC, purchased the property from KBS Realty Advisors of Newport Beach, Calif.CB Richard Ellis...
CB Richard Ellis Appoints Grayson Senior Managing Director
CB Richard Ellis Investors has named W. Cabell Grayson senior managing director of its global investor services group. Grayson will work out of CB's Washington, D.C., office, where he will be in charge of building and maintaining relationships...
Colonnade Properties Purchases Office Complex in West Palm Beach, Fla.
Colonnade Properties has purchased Phillips Point, a 423,806-square-foot office complex in West Palm Beach, Fla.The New York firm purchased the property from The Winter Organization, which marketed the complex through the Miami office of HFF Inc.A purchase price...
Hines to Construct 1Mln SF Office Tower in Houston
Hines is developing a 1 million-square-foot office tower in downtown Houston. The property, MainPlace, will be a 46-story building at 811 Main St. The Houston firm is planning to develop the property through its fund with California Public...
Ernst & Young Names Brennan Manager of its Transaction Real Estate Practice
Ernst & Young LLP have appointed Kevin J. Brennan manager of its Transaction Real Estate practice at its New York office. Brennan joins Ernst & Young after serving as a senior executive vice president at Carlton Advisory Services...
Southern California Retail Property Sells for $37.3Mln
Lakha Properties has paid $37.3 million for Desert Springs Marketplace, a 105,157-square-foot retail property in Palm Desert, Calif.The Bellevue, Wash., firm purchased the property from Sanderson J. Ray, an Irvine, Calif., investor. The seller marketed the property through...
Capmark Provides $43Mln for Connecticut Hotel
A venture between Hersha Hospitality Trust and Waterford Hospitality Group has lined up $43 million of financing for the 285-room Mystic Marriott Hotel & Spa in Groton, Conn.The venture received the financing from Capmark Finance Inc. of Horsham,...
Suburban Milwaukee Retail Property Sold
An affiliate of WexTrust Capital has acquired the Pinecrest Shopping Center, a 102,504-square-foot retail building in the Milwaukee suburb of Burlington, Wis.The affiliate, S. Pine Street Investors, purchased the property from an undisclosed seller. A purchase price was...
AVR Realty Lines up $28Mln of Financing for Denver Hotel Purchase
AVR Realty has lined up $28 million of acquisition financing for its purchase of the 236-room Embassy Suites Denver Tech Center in Denver.The Yonkers, N.Y., firm received the mortgage from Capmark Finance Inc., a Horsham, Pa., lender. Terms...
Colonnade Properties Purchases Office Complex in West Palm Beach, Fla.
Colonnade Properties has purchased Phillips Point, a 423,806-square-foot office complex in West Palm Beach, Fla.The New York firm purchased the property from The Winter Organization, which marketed the complex through the Miami office of HFF Inc.A purchase price...
Hines to Construct 1Mln SF Office Tower in Houston
Hines is developing a 1 million-square-foot office tower in downtown Houston. The property, MainPlace, will be a 46-story building at 811 Main St. The Houston firm is planning to develop the property through its fund with California Public...
CB Richard Ellis Appoints Grayson Senior Managing Director
CB Richard Ellis Investors has named W. Cabell Grayson senior managing director of its global investor services group. Grayson will work out of CB's Washington, D.C., office, where he will be in charge of building and maintaining relationships...
Ernst & Young Names Brennan Manager of its Transaction Real Estate Practice
Ernst & Young LLP have appointed Kevin J. Brennan manager of its Transaction Real Estate practice at its New York office. Brennan joins Ernst & Young after serving as a senior executive vice president at Carlton Advisory Services...
Southern California Retail Property Sells for $37.3Mln
Lakha Properties has paid $37.3 million for Desert Springs Marketplace, a 105,157-square-foot retail property in Palm Desert, Calif.The Bellevue, Wash., firm purchased the property from Sanderson J. Ray, an Irvine, Calif., investor. The seller marketed the property through...
Capmark Provides $43Mln for Connecticut Hotel
A venture between Hersha Hospitality Trust and Waterford Hospitality Group has lined up $43 million of financing for the 285-room Mystic Marriott Hotel & Spa in Groton, Conn.The venture received the financing from Capmark Finance Inc. of Horsham,...
Suburban Milwaukee Retail Property Sold
An affiliate of WexTrust Capital has acquired the Pinecrest Shopping Center, a 102,504-square-foot retail building in the Milwaukee suburb of Burlington, Wis.The affiliate, S. Pine Street Investors, purchased the property from an undisclosed seller. A purchase price was...
AVR Realty Lines up $28Mln of Financing for Denver Hotel Purchase
AVR Realty has lined up $28 million of acquisition financing for its purchase of the 236-room Embassy Suites Denver Tech Center in Denver.The Yonkers, N.Y., firm received the mortgage from Capmark Finance Inc., a Horsham, Pa., lender. Terms...
Capmark Provides $26.2Mln for Construction of San Diego Retail Property
Sudberry Development Inc. has lined up $26.2 million of financing for the construction of Marketplace at Santee, a 71,586-square-foot retail property in the San Diego suburb of Santee, Calif.The San Diego developer received the financing from Capmark Finance....
Suburban San Diego Retail Property Sold for $30.7Mln
An affiliate of Greenstreet Real Estate Partners has paid $30.7 million for the Poway Crossings Shopping Center, a 114,811-square-foot retail property in the San Diego suburb of Poway, Calif.The Newport Beach, Calif., real estate firm purchased the property...
Corus Provides $38.5Mln for Suburban Seattle Residential Project
A venture between Urban Partners and Westport Capital Partners has lined up $38.5 million of financing for the construction of Burien Town Square, a 124-unit condominium project in the Seattle suburb of Burien, Wash. The venture received the...
Retail Center in Suburban Tampa for Sale
Century Retail of Orlando, Fla., is marketing for sale a 106,614-square-foot retail center in Apollo Beach, Fla. The Tampa, Fla., office of Marcus & Millichap is listing property, the Shoppes of Apollo Beach, with an asking price of...
Suburban St. Louis Retail Property Sold
DDRS has purchased Megan Crossings, a 113,820-square-foot retail property in O'Fallon, Mo.The Boise, Idaho, firm purchased the property from an undisclosed seller. A purchase price is not known.Megan Crossings, which was built in 2005, is fully leased to...
Capmark Provides $35Mln of Financing for San Diego Shopping Center
A private real estate firm has lined up $35 million of financing for the Rio Vista Shopping Center, a 144,022-square-foot retail property in San Diego.The borrower, R.V.S. Retail, received the loan from Capmark Finance. The fixed-rate loan carries...
Marcus & Millichap to Market Miami Development Parcel for $15.4Mln
An undisclosed seller is offering for sale a 34.3-acre development site in Miami.The sellers have tapped Marcus & Millichap to market the property, which carries a $15.4 million asking price.The property sits at South West 288th Street and...
Embarcadero Capital Pays $29.8Mln for Sacramento Apartment Complex
Embarcadero Capital has paid $29.8 million for The Falls at Arden, a 272-unit apartment complex in Sacramento, Calif. The San Francisco firm purchased the complex from a private seller operating as 2345 Northrop LLC, which marketed the property...
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