A sampling of significant transactions that took place in recent weeks
New York City
Broke ground on a $259-million
redevelopment of a 14-story
project, containing classroom
and office space
$86.9-million refinancing of three
apartment complexes located
throughout suburban Maryland.
10-year interest-only loan
funded at 60% of the portfolio’s value
Borough of Manhattan
Community College (owner).
Rreef Deutsche Asset Management globest.com/reforum/1112_09/2.html
(borrower). Fannie Mae (lender).
3507 Kyoto Gardens Dr.
Palm Beach Gardens, FL
Leasing of 12,222 sf in a four-story,
34, 363-sf office building
Merrill Lynch (tenant).
Kolter Commercial (owner).
NAI Merin Hunter Codman (broker).
5920 Castle West Dr.
Nett Lake Community and
Nett Lake, MN
33,000-sf office lease
$12.8-million construction financing
for office redevelopment
Aurora Bank (tenant). Jones Lang
LaSalle (broker). BREOF Castleton
Park REO LLC (owner).
Colliers Turley Martin Tucker (broker).
Bois Forte Community
Redevelopment Corp. (borrower).
Wells Fargo (lender).
Marnell Air Cargo Center
Broke ground on 200,928-sf
air freight logistics center.
The $29-million project is slated
for completion in late 2010.
Marnell Properties (owner).
Huntington Beach, CA
Leasing of 32,000 sf of retail space
for a grocery store in an 800,000-sf
Whole Foods (tenant). DJM Capital globest.com/reforum/1112_09/7.html
William J. Peter Knight
45221 30th St. W.
Completion of a 46,620-sf rehabilitative, residential and medical
California Department of Veterans
Affairs (owner). Barnhart-Heery