Second Phase of Sales Launches at Astoria Lights Renovation

RockFarmer Properties’ Astoria Lights has officially launched sales for the project’s second phase. Originally constructed in 1929, the 167-unit pre-war co-op building has been reimagined to offer a bulk of available renovated co-op units for sales. All of the 58 available units available in Phase One were completely sold out five years ago. There are 38

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NYC Office Reaps Benefits of Job-Growth Velocity

The New York City economy continues to outpace both the state and nation in terms of private-sector job growth—by a wide margin, in the case of New York State. That has favorable implications for the city’s office landlords, according to Avison Young’s Second Quarter 2019 Office Leasing report. “The greatest employment gains were seen in

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$110M Financing for Three State, Grocery-Anchored Portfolio

HFF worked on behalf of Branch Retail Partners, L.P. and its affiliate Branch Properties, LLC to place $110 million in financing on a portfolio of six grocery-anchored retail properties totaling 876,153 square feet in Georgia, Florida and Tennessee. The seven-year, fixed-rate loan was placed with one of HFF’s life insurance company correspondent lenders. The portfolio

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Partners Nab 540 Units in Southeast

Fogelman Properties, based in Memphis, TN, aligned with Dallas, TX-headquartered Thackeray Partners to acquire a total of 540 multifamily units, divided between Georgia and South Carolina, in two separate transactions. The JV added the 248-unit Addison on Cobblestone at 2400 Cobblestone Blvd. in Fayetteville, GA, and the 292-unit Polos at Hudson Corners at 2211 Hudson

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Lowe’s to Open Global Technology Center in Charlotte

Mooresville, NC-based home improvement company Lowe’s plans to build a new technology center in Charlotte. Set to open in 2021, the 357,000-square-foot facility will be located in a new Lowe’s-branded 23-story tower in Charlotte’s South End neighborhood. The developer, a joint venture between Childress Klein and RAM Realty Advisors, plans to break ground on the

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KDC Launches Build-to-Suit for Sammons HQ Relocation

KDC has commenced construction on Sammons Financial Group’s new corporate headquarters in West Des Moines, IA. The 215,000-square-foot build-to-suit facility is scheduled for completion in Fall 2020. Designed to accommodate Sammons’ growth over the next 20 years, the BTS at 81st Street and Mills Civic Parkway will provide space for approximately 200 new jobs, in

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