News/Events
Pool Supplier Leslie's Files For Bankruptcy, To Close 76 Stores
The pool supplier filed for Chapter 11 protection after a major drop in revenue over the summer.
JLL Technologies Chief To Leave Brokerage Giant
Shah will collect a $3.6M severance package when he leaves the company next year.
Cityview, PCCP Joint Venture Buys L.A. Apartments for $76M
A joint venture between Cityview and PCCP is recapitalizing a 243-unit apartment complex in Los Angeles’ Historic Filipinotown for $76 million. Cityview is also the seller, bringing PCCP into the ownership of the Belle on Bev project at 1800 Beverly Boulevard. The transaction is equal to about $312,757 per unit. Traded first reported the move.…
Publix Pays $83M for Another Miami Plaza
Reflecting a voracious appetite for real estate, Publix Super Markets paid $83.25 million for a retail center it anchors in Miami, according to a deed filed this week. A subsidiary of Lakeland, Fla.-based Publix acquired Airpark Plaza at 5705 Northwest Seventh Street from First Washington Realty of Bethesda, Md. Airpark Plaza was built in the…
Apollo Provides $131M Construction Loan for Brookfield’s California Logistics Center
Brookfield has secured $130.5 million in construction financing to build Locust Gateway Logistics Center, a Class A industrial facility that will span 664,859 square feet in Rialto, Calif., Commercial Observer can first report. Apollo provided the debt, structured as a five-year financing package, while CBRE’s Tom Rugg, Tom Traynor, Val Achtemeier, Mark Finan and Henry…
Dwight Capital Lends $47M to Develop Houston-Area Apartments
Hunington Properties has landed $47 million of construction financing to develop a multifamily project in suburban Houston,Commercial Observer has learned. Dwight Capital closed the U.S. Department of Housing and Urban Development (HUD)21 (d) 4 construction loan for Hunington’s 279-unit The Vic at Sunterra development in Katy, Texas, to be located within the 1,300-acre Sunterra master-planned…
Scale Lending Provides $68M Loan for N.J. Multifamily Building’s Second Phase
Capodagli Property Company has secured $67.5 million in construction financing to build the 200-unit second phase of Meridia Rahway Brownstones, a five-story multifamily complex in Rahway, N.J., according to a release. Slate Development’s Scale Lending provided the debt, which is structured as a 30-month term with two six-month extension options and will retire an existing…
Bank of India, Global Investor IQ-EQ Sign Leases at 1212 Avenue of the Americas
Stawski Partners has two new tenants heading to its Midtown office building at 1212 Avenue of the Americas, Commercial Observer has learned. In the largest deal, Bank of India signed a 20-year, 14,630-square-foot lease for the entire 12th floor of the 24-story office tower in a relocation from 277 Park Avenue, according to landlord broker…
Law Firm Morgan, Lewis & Bockius Inks 205K SF at 1251 Avenue of the Americas
Global law firm Morgan, Lewis & Bockius has signed a massive lease to relocate its New York City offices. The law firm, which handles corporate mergers and offers specialized consulting, inked a deal for 205,000 square feet at Mitsui Fudosan America’s 1251 Avenue of the Americas, according to a third-quarter Manhattan office report from Colliers.…
