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The five B-Pieces that Morgan Properties acquired had a total face amount of $400 million. Additionally, $674 million, or 13% of the total unpaid principal balance were loans where Morgan Properties was also the underlying borrower.
In charge of construction is Mack-Cali Realty Corp. Wayne Kasbar, managing director of Colliers International, brokered the deal at 8 Campus Drive, which is a LEED-Silver building that totals 215,265 square feet.
From March through November, California Lululemon branches have outperformed the national baseline in every month, however, the Nike situation is more mixed, with an almost even split.
WeWork's fall has brought reflection to stakeholders across the property technology industry, which is now heightened as founders of the co-working firm aim to buy themselves back or find a new investor.