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1 week ago | 
commercialsearch.com | Claudiu Tiganescu
Banks Cold Storage has opened a 210,000-square-foot, temperature-controlled warehouse in Commerce, Ga. Ti Cold served as general contractor and designer. Construction kicked off in November 2023. Located at 2889 Georgia Highway 59, the facility is roughly 3 miles from Interstate 85. Downtown Atlanta is about 73 miles southwest.
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1 week ago | 
multihousingnews.com | Claudiu Tiganescu
Waterton has purchased Skye at Belltown, a 371-unit community in Seattle, bringing its footprint to 945 apartments in the city. A joint venture between Mill Creek Residential and AEW Capital Management previously owned the property, according to Yardi Matrix data. The duo purchased the asset for $94 million in 2013. That transaction marked Mill Creek Residential’s first acquisition in Seattle. Occupying an entire block at 500 Wall St., Skye at Belltown is roughly 1 mile away from the downtown area.
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1 week ago | 
commercialsearch.com | Claudiu Tiganescu
CIM Group has secured a $245 million refinancing loan for Panorama, a 670,000-square-foot office campus in Brooklyn, N.Y., according to CommercialEdge data. JPMorganChase originated the note. The lender also held the previous loan, amounting to $245 million as well, that was issued in 2022. Located on two city blocks at 25, 30, 50, 58 Columbia Heights and 55 Furman St., the five-building complex is within walking distance of Brooklyn Bridge. Lower Manhattan is roughly 2 miles away.
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1 week ago | 
commercialsearch.com | Claudiu Tiganescu
By Claudiu Tiganescu April 14, 2025 IndustrialInvestmentNewsPhoenixWest The two-building park came online in 2023. Sight Logistics Park rose on the site of Insight Enterprises’ former headquarters. Image courtesy of JLL ViaWest Group has sold Sight Logistics Park, a Class A industrial park spanning 357,103 square feet across two buildings in Tempe, Ariz. JLL brokered the deal on behalf of the seller. Pacific Coast Capital Partners issued a $40.2 million construction loan in 2021, according to...
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1 week ago | 
roselawgroupreporter.com | Claudiu Tiganescu |Jordyn Holderman
By Claudiu Tiganescu | Multi-Housing NewsRay and VeLa have topped out their 401-unit downtown Phoenix project. Dubbed Ray Phoenix, the 26-story luxury tower is set to reach completion by early 2026. Construction debt amounts to $200 million, according to Yardi Matrix data. RXR provided $120 million last June, while Axos Bank originated $80 million in December 2023.
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1 week ago | 
commercialsearch.com | Claudiu Tiganescu
EV manufacturer Lucid Group has won the bankruptcy auction for several assets spanning more than 884,000 square feet of industrial and office space previously owned or leased by Nikola Corp. in metro Phoenix. The acquisition bid is set at about $30 million in cash and non-cash consideration, according to court filings. The deal also includes the company’s machinery, equipment and inventory. Nikola, also an EV manufacturer, filed for Chapter 11 Bankruptcy in February and sought to sell its business.
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2 weeks ago | 
commercialsearch.com | Claudiu Tiganescu
Turnbridge Equities has purchased Eton Industrial Park, a 205,000-square-foot campus in the Los Angeles neighborhood of Canoga Park, Calif., for $28 million. Siegel & Associates previously owned the asset, according to CommercialEdge data. Newmark brokered the transaction. This acquisition launched Turnbridge’s new investment strategy focusing on the acquisition and reposition of Southern California multi-tenant industrial properties. The park’s 11 buildings debuted between 1973 and 1977.
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2 weeks ago | 
commercialsearch.com | Claudiu Tiganescu
By Claudiu Tiganescu April 8, 2025 IndustrialInvestmentNewsPhoenixWest The property occupies nearly 17 acres in Chandler, Ariz. Unbound Development plans to implement capital improvements at the vacant warehouse. Image courtesy of Cushman & Wakefield Unbound Development has acquired a vacant 100,000-square-foot industrial building in Chandler, Ariz., from Rogers Corp. The Class B asset changed hands for $14.1 million in a deal brokered by Cushman & Wakefield. Completed in 1982, the warehouse...
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2 weeks ago | 
commercialsearch.com | Claudiu Tiganescu
By Claudiu Tiganescu April 6, 2025 IndustrialDallasDevelopmentNewsSouthwest The industrial campus is set to break ground this summer. Upon completion, MC820 Logistics will benefit from a newly improved city right-of-way passage. Rendering courtesy of Creation Equity Creation Equity, in a joint venture with a real estate fund advised by Crow Holdings Capital, will build MC820 Logistics, a three-facility industrial park encompassing 451,032 square feet in Fort Worth, Texas. This marks the...
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3 weeks ago | 
commercialsearch.com | Claudiu Tiganescu
By Claudiu Tiganescu April 3, 2025 DevelopmentIndustrialNewsPhoenixWest Work on the campus will kick off in the third quarter. ATLAS Exchange’s facilities will range between 40,000 and 100,000 square feet. Rendering courtesy of ATLAS Capital Partners ATLAS Capital Partners and Hawkins Development Co. are set to build a four-facility industrial campus in Mesa, Ariz. Construction is slated to kick off during the third quarter. Dubbed ATLAS Exchange, the park will contain buildings ranging...
