Southeast

A Delray Beach commercial mortgage brokerage secured the loan for the property owner.

Liberty announced its first quarter financial results on April 30 and noted that subsequent to quarter-end it had sold three office properties totaling approximately 74,000 square feet and 18 acres of land in Malvern, PA for $10.2 million.

HFF arranged a $59.8 million joint venture equity partnership with FRP Development Corp. and also secured $132 million through a national bank.

Stonehill Strategic Capital provided the construction financing for the $93 million project.

Prologis has held talks with GLP about acquiring the division, which could fetch more than $20 billion, sources say.

But just try telling the appraisers and many lenders that.

The new fund Driftwood QOF has already secured two opportunity zone investments—a joint venture for the development of a 218-key dual branded hotel Home 2/Tru by Hilton in Fort Lauderdale, and the redevelopment of a 10-story office building in Wilmington, DE into a 136-room IHG-branded urban hotel.

According to the Bureau of Labor Statistics, more than 1,000 construction workers died on the job in 2017, down slightly from the previously recorded year.