DFW Office Q2 2019: A Tale of Two Absorptions

According to DFW metrics released by various commercial real estate companies, Q2 2019 had positive job numbers, leading to positive office absorption, lower vacancies and an increase in the average asking rent rates. What was interesting to note was that Class A office space reported positive absorption in the second quarter, with “Class B and

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RedHill Claims Federal Way, WA MF for $72M

The MIRO at Dash Point Apartments, a 386-unit multifamily garden-style property in Federal Way, WA, traded hands for $71.5 million. San Diego-based RedHill Realty Investors acquired the asset from San Francisco-based FPA MultiFamily. Located at 31004 19th Place SW, the property features one, two and three-bedroom floorplans with hardwood floors, dishwashers, carports, personal balconies or

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Healthcare Services Firm Renews, Expands in MA

Nypro, Inc. signed a 247,060-square-foot lease renewal and expansion at 112 Barnum Road in Devens, MA. The property ownership group includes Artemis Real Estate Partners, Drake Real Estate Partners and Pacer Partners. The tenant serves healthcare customers with an array of design and manufacturing capabilities supporting ideation to device development support, engineering, supply chain optimization

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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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Moët Hennessy Pops the Cork on 7 WTC Lease

Moët Hennessy USA signed a 15-year, 82,000-square-foot lease on the 35th and 36th floors of Silverstein Properties’ 7 World Trade Center.  The wine and spirits importer will relocate its corporate headquarters from Chelsea in 2021. “7 World Trade Center is one of the most advanced buildings in the world, and also our home,” said Larry A. Silverstein,

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Simmons First Nat’l Pays $77M for Citizens National

Simmons First National Corp., headquartered in Pine Bluff, AR, has closed on its acquisition of Citizens National Bancorp. Simmons’ $77-million buy of the Athens, TN-based Citizens National will allow Simmons to expand further east in Tennessee. The Arkansas bank already has 37 Tennessee branches, which came from its 2015 acquisition of First State Bank of

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Walker & Dunlop Arranges $80M Downtown Milwaukee Office Deal

Irgens secured an $80-million non-recourse loan for 833 East Michigan, a 359,000-square-foot office building in Milwaukee, WI. Proceeds of the loan, provided by PGIM Real Estate Finance, were used to refinance the LEED Silver certified, Class A+ central business district property’s existing construction debt. Opened in 2016 and 17 stories tall, the lakefront property is one of

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