As the industrial market soars and the office market remains soft, more developers are converting office product into industrial properties, reported Newmark, New York.
Tag: Newmark
Dealmaker: Newmark Brokers $68M Waterfront Redevelopment Site Sale
Newmark, New York, sold Marina Shores, a 6.1-acre retail shopping center in Long Beach, Calif., to be repurposed for multifamily.
Dealmaker: Newmark Arranges $64M Office Sale
Newmark, New York, sold 1301 Dove, a 10-story, 215,000-square-foot office building in Newport Beach for $64 million, or $298 per square foot.
Dealmaker: Mesa West Capital Provides $77M for Florida Apartment Community
Mesa West Capital, Los Angeles, provided $77 million in first mortgage debt for Alta Congress, a 369-unit multifamily property in Delray Beach in Palm Beach County, Fla.
Dealmaker: Newmark Closes $111M in Single-Tenant Retail Deals
Newmark, New York, sold three Los Angeles-area single-tenant retail properties for $110.5 million.
Dealmaker: Newmark Lines Up $230M to Refinance Edition West Hollywood Hotel
Newmark, New York, arranged $230 million to refinance The West Hollywood Edition Hotel on Sunset Boulevard in Los Angeles.
Dealmaker: Newmark Arranges $628M in Portfolio Financing for GID Investment Advisers
Newmark, New York, arranged $627.5 million in financing for GID Investment Advisers for a nine-property multifamily portfolio across California, Washington, Massachusetts and Georgia.
Dealmaker: Newmark Closes $146M San Diego Office Sale
Newmark, New York, sold 296,000-square-foot San Diego office complex Sorrento Towers for $146 million.
Dealmaker: Newmark Arranges $500M Acquisition, Construction Loan for 111 Wall Street
Newmark, New York, closed a $500 million acquisition and construction loan for 111 Wall Street in Manhattan’s Financial District.
Dealmaker: Mesa West Capital Funds $178M Loan For Office Acquisition, Conversion
Mesa West Capital, Los Angeles, provided Longfellow Real Estate Partners, Boston, with $178 million for San Mateo Bay Center, a 235,900-square-foot office campus in San Mateo, Calif.