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BOSTON—Two major property owners have made commitments to significantly reduce greenhouse gas emissions at their office and medical properties totaling 4.3 million square feet in the city.
LADERA RANCH, CA—SmartStop stockholders will receive $13.75 per share in cash which represents a total purchase price of $1.4 billion in the merger, which is expected to close during the latter half of 2015.
WASHINGTON, DC—The market is understandably wondering how the massive amount of debt maturities expected to come due over the next three years will fare. Two Virginia loans give us a taste.
NEW YORK CITY—Nelson Mullins' 15th outpost—part of the firm's real estate capital markets group—is staffed with attorneys from financial services companies.
HOUSTON--NorthMarq Capital has secured the refinance of Stonegate Apartments and Avenues at Tuscan Lakes, two multifamily assets located at 11111 Grant Road in Cypress and 1805 South Egret Bay Blvd. in League City, for $74.48 million.
AUSTIN--ARA, A Newmark Co. has brokered the sale of the 450-unit Villages of Sage Creek and the 460-unit Park at Walnut Creek, value-add properties located in North Austin.
DALLAS--Holliday Fenoglio Fowler LP (HFF) has secured a $41.5 million construction-to-permanent loan for the 325,000-square-foot, class A corporate headquarters campus for 7-Eleven, under construction in the Cypress Waters master-planned community in Irving.
THOUSAND OAKS, CA—A national development firm buys the single-tenant Orchard Supply Hardware retail property for $388 per square foot, one of the highest prices ever paid for a triple-net leased property in Southern California.