News

The loan collateralized by Emerson Lofts was provided by New York City-based Madison Realty Capital and allows Manhattan Building Co. to complete the first phase of the fully approved project and fund pre-development on three subsequent phases.

The automobile finance firm will occupy a portion of the third floor of the Class A, 260,382-square-foot building owned by Onyx Equities, which is currently undertaking a capital improvement program.

The Legacy Hotel & Residences will feature 278 residences sitting atop a 255-room hotel. OneWorld Properties will be leading marketing and sales for residences at the hotel that will begin at $300,000.

Alexan Enclave, a 354-unit class-A multifamily community located in West Houston's Energy Corridor, has sold to F&B Capital, which purchased the offering free and clear of existing financing.

The 143-room hotel property, built in 1891, was sold by institutional clients managed by Barings, which is headquartered in Charlotte, NC.

Chevron's former headquarters comprising 280,000 square feet and 473,000 square feet in two buildings are being sold to Paramount later this year for $722 million or $959 per square foot.

The firm has purchased the 289,303-square-foot PNC Bank Center in downtown Wilmington.

The recently renovated Carmel Park I and II were purchased in a $36 million transaction.