Original Southeast commercial real estate news & events for Atlanta, Carolinas, Memphis, Miami, Nashville, Orlando and Washington D.C. metro area; plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
Witten has closed more than $12 billion in multifamily sales. Prior to his appointment at Aimco, Witten served the last 20 years with Marcus & Millichap.
Colliers states that as a company-owned operation, the Charlotte office will further augment the Toronto-based firm's owned operations by adding service capabilities in what it describes as “one of America's vibrant and fast-growing markets.”
Forty540, located in the RTP/I40 Raleigh submarket, was 100% leased at the time of sale to the buyer Align Technology, which houses the company's Americas region headquarters at the property.
Asana officials state that the fund received commitments from a diverse set of institutional investors, including public pension funds, corporate pension funds, insurance companies, endowments, foundations, sovereign wealth funds and family offices.
The five-year investment will include infrastructure changes by architect David Manfreddi and urban designer Gehl, a public square with tech-focused art installations by Culture Corp, a host of new restaurants and hybrid retail experiences, 5.5 million square feet of Class A office space, luxury residential towers and a second hotel.
Washington Property Co. reports the four lease deals total 14,036 square feet and leases totaling another 7,407 square feet are currently the subject of negotiations.
The fully-leased property, which also includes a marina and a two-story office building, was sold by Hudson Capital Group, Inc. Mast Capital financed the purchase with a loan from CIT bank, N.A.