Xebec Secures Construction Financing for Florida Spec Logistics

Dekel Capital arranged $34.3 million in construction financing for a speculative 537,000-square-foot Class-A logistics facility in Lakeland, FL, on behalf of Texas-based industrial developer Xebec. The 36-month interest-only financing was originated by a pension fund advisor and consists of a senior note and mezzanine debt, resulting in financing of 85% LTC. Dekel Principal Shlomi Ronen

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CommonGrounds Claims First Atlanta Space

CommonGrounds Workplace signed a 13-year lease for 49,506 square feet at Franklin Street Properties Corp.’s 999 Peachtree Street Northeast in Atlanta. The deal includes two full floors of the 28-story building, which is located in the Midtown Atlanta submarket. The lease with the enterprise-grade Workplace-as-a-Service (WaaS) company represents its second collaboration with Franklin Street Properties.

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Hyatt Debuts Holston House in Downtown Nashville

HRI Lodging, LLC and Hyatt unveiled Holston House, a 191-room hotel in the heart of downtown Nashville, and the newest addition to The Unbound Collection by the Hyatt brand. The boutique hotel is housed in an iconic 88-year-old Art Deco building at 118 7th Avenue North, just blocks from the Cumberland River, where the city of

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JV Formed for Utah MF Development

Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register. Resmark Land and Housing made its first investment in a for-sale housing project under development in Utah in partnership with Boulder Ventures Development, Inc. The new community, Red Sage, will consist of 150 townhomes at 10600 South and Sandy Sage

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Southern Oregon Timber Town Sold, Resort Planned

How does a sleepy little timber town in Southern Oregon become a possible Shangri-La for the future? Welcome to Tiller, where the Caswell family, owners of the town, recently sold it for somewhere in the $3.8 million range. The new owners hope to create a tree-laden river resort open to the public in the verdant,

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575K-SF Corporate Facilities Expansion Planned in Utah

doTERRA plans to break ground on a more than 575,500-square-foot, multi-building expansion at the manufacturer and distributor of essential oils’ corporate campus in Pleasant Grove, UT. Development includes a new medical clinic and office building, as well as a manufacturing facility expansion, which combined will house 700 additional employees at the site roughly 35 miles

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Luxury Goods Maker Signs Lease with ATCO

Paris-based luxury goods company Diptyque will relocate its North American headquarters to ATCO Properties & Management’s 240-246 W. 35th St. The company expects to begin occupying its 8,097-square-foot space later this month, relocating from 145 W. 28th St. The new transaction for Diptyque, which is known for its high-end scented candles, perfumes and face and body-care products,

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Brennan Buys 20-Building U.S. Industrial Portfolio

Rosemont, IL-based Brennan Investment Group, LLC acquired a 20-building industrial portfolio, totaling more than two million square feet across nine states, from Barnett Capital for $84 million. The 100%-leased portfolio is located mainly in Chicago, Kansas City, and Pittsburgh and consists primarily of warehouse, distribution and light manufacturing facilities. Five properties are located in the

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Detroit-Area Industrial Facility 100% Pre-Leased

Livonia Corporate Center (Phase II), developed by Ashley Capital, a two-building, 915,000-square-foot, speculative industrial development in Livonia, MI, is 100% pre-leased. NKF’s Dan Labes and Tom Oldham recently completed four leases, bringing the property at 28101-28201 Schoolcraft Road  to full occupancy. The deals include a 590,000-square-foot lease to Penske Logistics; a 185,000-square-foot lease to Experi-Metal

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What’s Driving HUD MF, Healthcare Financing?

In 2017, Berkadia was the No. 1 originating HUD lender for the fourth consecutive year, with a volume totaling more than $1.7 billion for HUD’s fiscal year 2017. Berkadia recently expanded its HUD team in Washington, D.C. with the addition of Laura Saull Smith, an expert in providing HUD financing to owners of multifamily and

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