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NEW YORK CITY-The finance firm says it has closed on the largest real estate mezzanine fund ever raised. Total equity of the just-closed fund is more than $845 million.
ATLANTA-The 70-acre property with three buildings totaling 346,000 sf of R&D and manufacturing space in suburban Duluth, GA is selling for $23 million or $328,571 per acre ($7.54 per sf), down from the original asking price of $29 million or $414,286 per acre ($9.51 per sf). CB Richard Ellis Inc. has the new listing.
LONDON-Westminster City Council has given Land Securities planning permission for the 580,000-sf second phase of its Stag Place scheme close to Victoria Station.
SAN MARCOS-A Jacksonville, FL-REIT is nearly ready to break the seal on a 148,259-sf shopping center at the southwest corner of Discovery Street and Twin Oaks Valley Road.
DALLAS-In a survey of 2.8 million apartment units, M/PF Research in Dallas says the impact of a slowing economy has started to invade the multifamily sector. Rent growth has slowed as a tact to keep occupancy high. The nation's average is pegged at 96.1%.
OLYMPIA, WA-The public will have the opportunity to provide input later this month on a proposal to develop a hotel and conference center on Port of Olympia property along Budd Inlet.
AUSTIN-Construction cranes will move off CarrAmerica's CBD work site by the end of the month, marking one year of work. The 442,000-sf, class A high-rise is on track for its first tenant move-in by year's end.
DENVER-Trammell Crow Residential, in a partnership with Cleveland-based Key Commercial Real Estate, is developing a 356-unit, luxury apartment complex at the edge of Castle Pines Village in Douglas County.
ORLANDO-Locally based Fields Motorcar Corp. is renting 7,000 sf in the 28,000-sf, 45-year-old, former Gibbs-Louis Inc. Building at 131 N. Orange Ave. for an estimated $30 per sf, among the highest ranges in the central business district, area brokers tell GlobeSt.com.