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A loan of $84.5 million was secured to finance the $130 million acquisition of the office/research and development campus, Murphy Crossing, a JV buy between Soma Capital Partners and Timbercreek Asset Management.
Avenue's rooftop solar array will be 30 kW and the parking canopy will be 5.2 kW, which combined is the equivalent of planting 1,112 trees or 8,500 households turning off lights for an entire year.
Gulfstream Aerospace will invest more than $35 million to build a nearly 160,000-square-foot maintenance, repair and overhaul facility at Fort Worth Alliance Airport which will complement its presence at Love Field.
RFR Realty has retained Jones Lang LaSalle to lead leasing efforts for the 272,628 square feet of space at the base of the Seagram Building at 375 Park Ave. in Midtown Manhattan.
Professional trade association Real Estate Executive Council has appointed Tammy Jones as chair to continue its commitment to fostering racial diversity in commercial real estate.