Kimco Buys Out JV Partner in Four-Property Retail Portfolio in GA, PA, TX, VA for $170.7M

As part of its ongoing effort to reduce exposure to joint ventures, Kimco Realty Corp. (NYSE: KIM) has acquired the remaining 85% interest in a four-property joint-venture portfolio for $170.7 million, which includes the assumption of $103 million in mortgage debt. New Hyde Park, NY-based Kimco also prepaid $26 million in mortgage debt associated with the acquired portfolio, which includes Perimeter Expo, a 175,835-square-foot power center in…

This entry was posted in News.

Office Lease Up (August 29) Capella Education Consolidating Space in 10-Year Lease Renewal, Extension at Capella Tower

Capella Education Co., which currently occupies 371,225 square feet at Capella Tower in Minneapolis, MN through October 2018, has re-worked its existing lease. The renewal deal will see the tenant give back space on the 10th and 15th floors of the building in October 2017, resulting in a consolidated occupancy there at 307,094 square feet while extending its commitment to the building through October 2028. ASB Capital Management LLC acquired…

This entry was posted in News.

CoStar’s People of Note (Aug. 22)

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: New York City, Los Angeles, Atlanta, San Francisco, Cincinnati, Texas and more! FLORIDA Cushman & Wakefield Acquires Florida CRE Company By Randyl Drummer Cushman & Wakefield has acquired Taylor & Mathis of Florida, LLC, a commercial real

This entry was posted in News.

Dilweg Expands Atlanta Office Footprint

Durham, NC based- The Dilweg Cos. followed up last week’s sale of the 182,000-square-foot Barrett Summit office park in Kennesaw with the purchase of the eight-story office building located at 250 E. Ponce Ave. in downtown Decatur, GA. Terms of the deal were not disclosed. Built in 1962, the 141,582-square-foot, Class A property is 83.5 percent leased to a mix of professional services and financial firms including Wells Fargo Bank, Utility and…

This entry was posted in News.

KeyBank Real Estate Appoints Ritter to VP, Senior Mortgage Banker

KeyBank Real Estate Capital (NYSE: KEY) has named Trevor Ritter as the firm’s vice president, senior mortgage banker for multifamily housing in the Southeast. As vice president, Ritter will provide permanent loans for multifamily assets through Fannie Mae, Freddie Mac, life companies and CMBS, as well as expand the company’s client base in the region. He will be based in Atlanta. Ritter previously focused on mortgage banking as vice president…

This entry was posted in News.

CoStar’s People of Note (July 29)

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Dallas / Ft. Worth, Washington DC, Minneapolis / St. Paul, Charlotte, South Florida, Boston, Phoenix / Tucson, Toronto, Chicago and more! DALLAS / FORT WORTH Spirit Realty Capital Names Hsieh President and COO By Bryce Meyers This entry was posted in News.

CoStar’s People of Note (July 22)

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Minneapolis / St. Paul, Washington DC, Vancouver / Calgary, South Florida, Cleveland, Orange County, Northern New Jersey, Philadelphia, Dallas / Ft. Worth, Chicago, Long Island, Richmond / Hampton Roads, Boston, New York City, Phoenix / Tucson, and more! MINNEAPOLIS…

This entry was posted in News.

Developers Propose High-Rise Condo, Apartment, Hotel Projects In Midtown Atlanta

Developers made separate presentations to the Midtown Development Review Committee this month proposing a 42-story SLS hotel, a 45-story apartment building and a 74-story condominium tower that if it is built, would become Atlanta’s second-tallest building. The Trillist Cos. and hotel company sbe are proposing to develop the SLS Atlanta Hotel & Residences, a property including 213 hotel rooms, 56 condo units and 12 levels of parking at Crescent…

This entry was posted in News.

CoStar’s People of Note (July 8)

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions from across the country. NORTHERN CALIFORNIA CBC Advisors Pulls Cord as New President By Justin Sumner Coldwell Banker Commercial Advisors has tapped industry veteran Rob Cord as president of the firm. Formerly the president of asset services for CBC Advisors, Cord rep

This entry was posted in News.

CoStar’s People of Note (July 1)

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Phoenix / Tucson, Orlando, Houston, Los Angeles, Minneapolis / St. Paul, Chicago, Boston, Orange County, Philadelphia, Richmond / Hampton Roads, San Antonio, Seattle and South Florida. PHOENIX / TUCSON JLL Recruits Tenant Rep Team from Savills Studley By Justin Sumner…

This entry was posted in News.