Sumitomo Mitsui Seen Subleasing Former Wells Fargo Space at Charlotte’s 301 South College Office
Charlotte Business Journal The buzz is Sumitomo Mitsui Banking Corp. is nearing a deal for 200,000 square feet of office space at 301 South College, a 994,000-sf property in downtown Charlotte, N.C. The Tokyo-based financial services company would be...
Northwestern Mutual Lends $53Mln Against Seattle Apartments
Puget Sound Business Journal Northwestern Mutual has provided $53 million of financing against the 167-unit apartment property at 110 Roy St. in Seattle. The five-year loan was arranged by Cushman & Wakefield on behalf of the property's owner and...
Orlando-Area BJ’s Store Building Sells for $24.1Mln
Orlando Business Journal An affiliate of Agree Realty Corp. has paid $24.1 million, or $205.80/sf, for the 117,103-square-foot retail building occupied by BJ’s Wholesale Club in Kissimmee, Fla. The Farmington Hills, Mich., REIT purchased the property from a company...
3-Year-Old CMBS Loan Against Va. Hotel Heads to Foreclosure
Commercial Real Estate Direct Staff Report The $33.5 million CMBS loan against the 407-room Norfolk Waterside Marriott is headed to foreclosure. The loan, originated just three years ago and securitized through BANK5, 2023-5YR2, transferred to special servicer CWCapital Asset...
Blue Owl to Acquire Sila Realty Trust, Expanding Net-Lease Business
Blue Owl Real Estate Capital Inc. has agreed to buy Sila Realty Trust Inc., a Tampa, Fla., REIT that owns 137 net-leased healthcare properties, for $30.38/share, valuing the deal at $2.35 billion, after the assumption of debt.
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