A joint venture between Onyx Equities and Garrison Investments selected Cushman & Wakefield to lease its recently purchased four-building office portfolio in Bergen County, N.J. The properties total 850,000 square feet and the new owners plan to renovate and reposition the assets through a capital improvement program…

C&W Tapped to Lease NJ Office Portfolio

Goldfish Swim School has opened a new location within The Shoppes at the Livingston Circle in Livingston, N.J. The tenant occupies 8,100 square feet, serving children aged four months to 12 years old.

The swim school will also provide weekly family swims and party packages. The new area features an air-conditioned viewing gallery for parents, family dressing area with private changing rooms, a snack bar and a retail shop…

Grandbridge Real Estate Capital recently closed a $7 million first mortgage loan for 6606 Tussing Road, a 496,460-square-foot industrial R&D/flex facility on roughly 30 acres in Columbus, Ohio.

Funding for the permanent loan was arranged through one of Grandbridge’s banking relationships and featured a 10-year term and 15-year amortization, closing with a fixed interest rate of 4.25 percent for five years. The Branch Banking and Trust Co. originated the loan…

Grandbridge Arranges Refi for 496 KSF Columbus Industrial

CBRE Capital Markets has brokered the sale of 9350 Financial Center, a Class A office building totaling 105,713 square feet in Kendall, Fla. Delma Properties sold the asset to Banyan Street Capital in a $33 million deal and BankUnited originated the seven-year acquisition financing that facilitated the transaction.

Cresa negotiated a new lease with Envision Physician Services at a 102,000-square-foot office building in Plantation, Fla. The tenant will occupy 89,143 square feet at the property and plans to open in the summer of 2018.

Located at 1801 NW 66^th Ave., the two-story building was completed in 1983 and underwent a series of renovations this year following the departure of three long-term tenants. Improvements included upgrading the lobby along with the common areas, elevator and parking lot, as well as refurbishing the exterior and new roofing. The 1801 Building provides 24-hour secured access and a parking ratio of roughly 4.6 spaces per 1,000 square feet…

Petros PACE Finance closed on a $1.3 million Commercial Property Assessed Clean Energy (C-PACE) deal that will fund energy upgrades to a Houston office building located at 1225 North Loop West. The project marks the first occasion that any C-PACE program in Texas has been used to fund energy efficiency improvements to a multi-tenant office building…

C-PACE Funding Granted to Houston Office Asset

Bradenton Pediatric Building Co. Ltd. (part of Bradenton Health & Professional Condo Association) sold Building A, an $800,000 medical office building in Dublin, Ohio, to a 1031 tax deferred buyer.

Certified Commercial Investment Member (CCIM) David Hartsook, John Hall and Kevin Connor of CBRE’s Columbus office represented the seller.

“The building was sold in about six months,” said CCIM David Hartsook, first vice president at CBRE, in a prepared statement. “The speed of the sale is a testament to just how well-maintained this building is,” Hartsook concluded…

Ten Capital Management has sold its limited partnership interest in Miracle Mile Retail Center to a joint venture between M&J Wilkow LTD and ALTO Real Estate. The nearly 300,000-square-foot, Class A retail center is located in Monroeville, Pa.

LRC Properties acquired Leeds Park, a 1,056,000-square-foot mixed-use campus located in Charleston, S.C.  The deal closed at $42 million and was arranged by a team of brokers from NAI Charleston. Amherst Capital Management provided the loan for the purchase and future renovations of the asset.

“The property is geographically well situated in North Charleston off Interstate 526, near the port, the airport, and Boeing’s manufacturing facility, offering great potential for tenants. We plan to bring Leeds Park up to and even exceeding standards deserving of this important market and its tenants,” said Howard Lavitt, principal & co-founder of LRC Properties, in prepared remarks…

Davidson Hotels & Resorts has expanded its management portfolio with the addition of the Hyatt Regency Monterey Hotel & Spa. The asset is owned by an affiliate of Fairwood Capital LLC.

“This will be our 11^th full-service Hyatt hotel and we have tremendous confidence in the brand, its positioning and its strong offerings. Hyatt has been an important part of the Monterey community and together with Fairwood we will create an exciting new future for the property,” said John Belden, president & CEO of Davidson, in prepared remarks…

Forest City Realty Trust Inc. is set for the first phase of Pier 70, a 28-acre mixed-use project in San Francisco.

At full buildout, the project will consist of about 2,150 residential units, 30 percent of which will be affordable, up to 1.8 million square feet of commercial space and 450,000 square feet of retail, arts and light industrial/maker space. Additionally, it will include parks, transportation and infrastructure improvements and significant public benefits…

Lincoln Property Co. will break ground in December on Phoenix’s first 40-foot high speculative industrial building. The company bought the 50-acre plot of land from EJM Development Co., where it will build the distribution facility. Lincoln Logistics 40 will be situated within EJM’s master-planned, 350-acre project, Airport Gateway at Goodyear.

CBRE has brokered the sale of Tampa International Business Center, a six-building office park totaling 324,654 square feet in the Westshore submarket of Tampa, Fla. TerraCap Management sold the asset to Real Estate Value Advisors in a $45.1 million deal. The property was 98 percent leased at the time of the sale.

Located at 5730 Hoover Blvd., 5301, 5519, 5520, 5550 and 5570 Idlewild Ave., the campus was developed between 1980 and 1986 and received a series of upgrades between 2014 and 2017. The property includes 1,816 parking spaces…

Compass Self Storage LLC, an affiliate of Amsdell Group LLC., has acquired a 68,000-square-foot self-storage center in Fort Worth, Texas. The facility marks the seventh Compass Self Storage location in the greater Dallas-Fort Worth market.

Located at 8500 S. Hulen St., the facility is accessible via interstates 20, 30 and 35 West. Dallas is within 50 miles via Interstate 30. Completed in 2004, the self-storage facility features drive-up and climate-controlled units, as well as individual access control and security. Additionally, Compass Self Storage offers moving and packing supplies and truck rental options…

The Urban Land Institute Fall Meeting in October featured a panel discussion titled “What is Creative Office 2.0 and Why Does It Matter?” moderated by WeWork’s Liz Burow with panelists from Microsoft, CBRE and ZGF Architects. The cross-disciplinary panel identified emerging trends in the modern office environment, with emphasis on shorter-term use arrangements to give companies flexibility in how to manage both people and properties…

Co-Working Creeps into Corporate Property Strategy

Olive Hill Group has completed the interior renovation and rebranding of a 106,000-square-foot office building in downtown Los Angeles. The company renamed the office formerly known as Crown Plaza to The Olive.

Built in 1985, the building is located at 631 S. Olive St., at the edge of the region previously known as the Jewelry District. The revitalization of the asset has brought jewelers back to the area and to the building as well. The property is also home to Olive Hill Group’s corporate headquarters…

Greenbridge Investment Partners has completed an extensive renovation of Georgetown Squared, a 280,000-square-foot Class A office building located in Seattle.

Built in 1983 as a showroom part of the Seattle Design Center, the five-story building includes tenants such as Iridio Studios, Builders Capital, Andersen Construction, Archbright, Darigold, Girl Scouts of Western Washington, Leukemia & Lymphoma Society and Netfortris. Located at 5601 S. 6^th Ave., next to the Seattle Design Center, also owned by Greenbridge, the G2 offers convenient access to downtown Seattle and various restaurants, shopping and entertainment venues…

CBRE negotiated two new leases at The Towers at Wildwood, a Class A office complex totaling 716,484 square feet in Atlanta’s Northwest submarket. The towers have reached 90 percent occupancy with the addition of the latest tenants.

CBRE Hotels brokered the sale of a 99-key Country Inn & Suites in Naperville, Ill. on behalf of the seller, Hospitality Properties Trust. Renovation work is expected to start at the property.

The hotel is located at 1837 Centre Point Circle, just off Interstate 88 and provides easy access to a variety of local attractions and entertainment options such as the Naperville Riverwalk, the Morton Arboretum, All Seasons Ice Arena, Frontier Park and the Naperville Polo Field. The city also hosts one of the largest clusters of office concentrations outside Chicago, with employers such as Coriant, Navistar, Nokia and Chevron signing the tenant roster…

InterContinental Hotels Group has entered a management agreement with developers Quantum Hi-Tech Group Ltd. to build a Crowne Plaza hotel on Fiji’s East coast, in Nadi. The company claims the project will be Fiji’s largest of its kind when it will open, in 2020.

KAI Design & Build recently added Michael Hein as its new chief integration officer. In his new role, Hein will focus on driving the firm’s strategic initiatives. Based in the firm’s St. Louis headquarters, he will also be responsible for incorporating new communication and operating systems within the company.

Anbang Insurance Group and AECOM Tishman have unveiled that the first phase of construction to renovate and restore Manhattan’s historic Waldorf Astoria will begin in December.

Anbang has made significant progress toward renovating the property. The development team has advanced design plans, secured permits and carefully moved, preserved and stored prized historic items, including the Cole Porter piano, the World’s Fair Clock Tower, the Kennedy Rocking Chair and the MacArthur Desk.

Brookwood Financial Partners LLC, of Beverly, Mass., has acquired a 15-building, 421,300-square-foot office portfolio in southwest Florida for $43.2 million, or roughly $102.4 per square foot. The seller was AIG Global Real Estate, which came into possession of the portfolio in late 2012, following foreclosure actions against McGarvey Development Co., according to information provided by Yardi Matrix.

Supply chain automation firm Barcoding Inc. will relocate its headquarters within the former I.C. Isaacs & Co. garment factory in Baltimore’s Highlandtown neighborhood. Barcoding acquired the 31,000-square-foot building earlier this year and is relocating and consolidating several offices due to recent growth. According to public records, the Highlandtown asset last traded this August, for $685,000…

Barcoding to Relocate Baltimore HQ

Today, Whitestone REIT held a ribbon-cutting ceremony for the opening of the third phase of The Shops at Starwood in Frisco, Texas. More than 10 retailers and restaurants will lease space at the new shopping center, including Icon Nutrition, Trend Empire and Up Inspired Kitchen…

The Shops at Starwood Expand in TX

National Financial Realty Inc. has sold a 211,863-square-foot office building in Hillsboro, Ore., to an undisclosed buyer for roughly $39.8 million. The sale marks the final transaction and investment exit of a 3.6 million-square-foot portfolio comprising 41 office and retail buildings located across nine states.

Located at 18700 NW Walker Road, the Class A building is currently leased to Wells Fargo Bank…

NFR Sells $40M Portland-Area Office Building

Northridge Capital, in partnership with Insite Properties, has broken ground on The Refinery, a 107,000-square-foot Class A creative office and retail project in Charlotte, N.C.

Northridge and its investors already own the Grinnell Water Works Building two blocks west of The Refinery site, the company purchased last year from Insite, who continues to lease and manage the property. Northridge sourced investor equity through its relationship with Cap Corp Investment Co. of Kuwait…

Suning Holdings Group, of Nanjing, China, has completed an approximately $3 billion investment agreement with Evergrande Real Estate Group, a subsidiary of the Evergrande Group, a Fortune Global 500 company.

Evergrande, China’s leading property developer, will provide commercial facilities to Suning, which is planning to add 5,000 physical stores with connections to its online presence by 2018. The partners will also explore smart home design, property management and other priorities…

New York REIT Inc. continues its stockholder-approved liquidation program with a contract to sell 333 W. 34th St., a 345,000-square-foot office building in Midtown Manhattan. The REIT will sell the asset to real estate funds managed by Brookfield, pocketing $255 million on the deal.

“To date, excluding Worldwide Plaza and 1440 Broadway, we have sold assets with a gross sales price of $805 million and repaid $517 million of debt,” Wendy Silverstein, president & CEO of New York REIT Inc., said during the company’s third quarter earnings call on November 9, the same day the sale of 333 W. 34th was announced…

KS Partners has arranged a $22.5 million loan for the refinancing of a 121,487-square-foot office and flex portfolio in Newton, Mass.

Located at 59-85 Chapel St., Chapel Business Center is the largest property in the portfolio. The 78,187-square-foot, Class B office building was built in 1898, converted to office in 1994 and renovated in 2006. The one- and two-story asset is roughly two-and-a-half miles from the other assets in the portfolio, a 32,000-square-foot flex/office building located at 85 School St. and an 11,300-square-foot flex/office building at 165 Dexter St…

CBRE has facilitated the sale of the bowling building located at 517 Gallatin Pike N. in Madison, Tenn. The 28,357-square-foot property situated on 3.5 acres changed hands for $2 million. CBRE represented the seller, CBC Ltd., and Benchmark Realty represented the buyer, Frank May. CBC Ltd. is the original developer of the property and operator of the bowling alley…

CBRE Brokers Sale of Nashville Suburb Landmark

Keystone Mortgage Corporation—a commercial real estate financing company founded back in 1957—has secured a $24.5 million construction-to-permanent financing for a medical office. Having a single tenant, this 39,000-square-foot property is located in Southern California’s Inland Empire…

SoCal MOB Lands $25M Loan

Despite some investment constraints due to low oil pricing, Middle East investors spent $10.1 billion on global commercial real estate assets in the year between the second quarter of 2016 and 2017, focusing much of their attention on New York City and Washington, D.C.

The U.S. was the top country destination in the time period for Middle East investors with volume reaching $3.9 billion. New York City received $820 million in investments, followed by Washington, D.C., with $469 million, according to a CBRE research report. London, with $1.68 billion in Middle East investments, topped the list…

Seda International Packaging Group renewed one of its leases at Park 94 in Mount Pleasant, Wisc., an HSA Commercial property. The 61,162-square-foot space, which the company has been occupying since 2015, is part of a multi-tenant industrial building located at 1400 International Drive. In 2010, Seda purchased a 323,610-square-foot facility at 12501 Globe Drive to serve as its North American manufacturing and distribution center…

Seda Packaging Renews WI Lease with HSA Commercial

Irvine Co. Office Properties prepares to settle into its new Chicago regional office at 71 South Wacker, encompassing 4,500 square feet, after consolidating its leasing team. The company has recently promoted Beau Rawi to vice president from regional director, a position he has held since 2013, when he joined Irvine. Prior to this, he spent more than eight years as director with LA Realty Partners.