HFF worked on behalf of the borrower, Oxford Development Company, to place the 10-year, fixed-rate loan with Goldman Sachs. HFF will service the securitized loan, proceeds of which were used to primarily pay off a maturing loan.
GARDEN CITY—Spread across a portfolio of office buildings and a four-property development here, the agreements all were renewals and—in some cases, expansions.
CHICAGO—The developer has helped transform several of Chicago's industrial neighborhoods into trendy office centers, and plans to go national with projects in Portland, Miami and Nashville.
WASHINGTON, DC--JLL notes that this year more than 1.0 million square feet of federal space is moving into new submarkets agencies are increasingly priced out of buildings in the CBD and East End.
SAN DIEGO—Food-price decline means yet another squeeze on profit margins for grocers already facing price wars from increased competition and pressure for lower prices from discount grocers and new entrants, CBRE's Anthony Buono tells GlobeSt.com <b>EXCLUSIVELY</b>.
NEW YORK CITY—The real estate services firms were selected by property owners Trinity Church Wall Street and Norges Bank Real Estate Management, and praised by Hines, the asset manager.
MINNEAPOLIS—Equus just sold two value-add multifamily properties just two years after purchase, partly due to the tremendous interest others have in the metro area.
EAST RUTHERFORD, NJ—More than 80% of the 1.5 million square feet absorbed in the third quarter was recorded in the state's class A office market as companies sought this high-end space for their operations.