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.
Colin Loehr of CBRE Capital Market's Debt and Structured Finance team, based in the Baltimore office, arranged the financing deal that included individual loan values ranging from $4.35 million up to $6.75 million.
In the fourth quarter, the Rochester, NY-based private REIT managed by Broadstone Real Estate, LLC, purchased 43 properties for approximately $241.5 million.
The New York City-based REIT's deal for the 138,779 square-foot shopping center marks its entry into the DC retail market. Eastgate is anchored by a 56,526-square-foot Giant Food supermarket.
Located in the southeast area of the UNCW campus, the development's first phase is scheduled to service students for the Fall 2020 semester and will deliver 1,038 beds in a pod-style configuration for first-year students.
Gunston Commerce Center, a nine-building complex anchored by the GSA and other government contractors, was sold by I-95 Business Parks Management, which hired Avison Young last year to market the best-in-class industrial/flex business park for sale.
A 4.1% increase in 2019 federal spending to strengthen federal networks against cyber-threats is expected to fuel demand for office space by these companies.