May 30, 2013
CALKAIN BROKERS GSA BUILDING SALE

Calkain Cos. has brokered the sale of a single-tenant office building in Orlando that is occupied by the U.S. Department of Homeland Security.
ORLANDO — Calkain Cos. has brokered the sale of a single-tenant, approximately 28,000-square-foot office building located in Orlando for $6.33 million. The building is currently occupied by the U.S. Department of Homeland Security under a lease with three firm years remaining and a rolling termination option thereafter. Calkain’s Patrick Nutt and Brian O’Hear represented LNR Partners, which served as special servicer for the foreclosed property. The buyer was a Florida-based investor. The property traded for $225 per square foot at an 8.69 percent cap rate.
 
   
FIRST PROJECT UNDER WAY AT ST. ELIZABETHS EAST CAMPUS

A rendering of The Gateway Pavilion at Washington, D.C.’s St. Elizabeths East Campus.
WASHINGTON, D.C. — Ground has broken for the first project at St. Elizabeths East Campus, a 183-acre campus located in southeastern Washington, D.C. The Gateway Pavilion will be a $5 million outdoor space that will provide venues for casual dining, a farmers market, and cultural and entertainment events while the rest of the campus is under development. The D.C. Office of Planning & Economic Development has proposed several adaptive reuse projects for Phase I of St. Elizabeths including: 500,000 square feet dedicated to academic and innovation-minded companies; a 400,000-square-foot, mixed-use town center; approximately 100,000 square feet of trophy office space; and civic space.  
 
   
FORUM AWARDED APARTMENT DESIGN PROJECT

Phase I of The Glen at Cagan Crossings in Clermont, Fla. Forum Architecture & Interior Design, which designed Phase I, has commenced work for Phase II.
CLERMONT, FLA. — Altamonte Springs, Fla.-based Forum Architecture & Interior Design has been selected to design Phase II of The Glen at Cagan Crossings. The project will add six three-story buildings to the Clermont multifamily community, bringing its total to 792. Forum also designed Phase I of The Glen at Cagain Crossings. Phase II construction will begin this fall. The Glen is part of the Cagan Crossings mixed-use community, which contains retail, restaurants and residences. Cagan Management Group is its owner and developer.  
 
   
GRANDBRIDGE SECURES $13.59M MULTIFAMILY LOAN
DECATUR, GA. — The Atlanta office of Grandbridge Capital has arranged $13.59 million in acquisition and bridge financing for two apartment properties located in the Atlanta suburb of Decatur. The two garden-style communities total 332 units and are named Birch Grove Apartments and Sycamore Chase Apartments. Tom Walsh secured the financing on behalf of the undisclosed borrower, which intends to undertake a major renovation project.  
 
   
COCKE FINKELSTEIN COMPLETES LANE COMPANY ACQUISITION
ATLANTA — Cocke Finkelstein has completed its previously announced acquisition of the assets of Lane Co. The combined company, named CFLane, now has 30,000 multifamily units under management in the Southeast, Midwest and Texas. CFLane will remain headquartered in Atlanta. Cocke Finkelstein co-founders Byron Cocke and Brett Finkelstein now serve as co-CEOs, and Lane Co. founder George Lane serves as chairman of the board.
 
   
Southeast

 

 
 
 
September 09, 2014
Brooklyn, NY: Retail
September 08, 2014
Richmond, VA: Retail
September 15, 2014
GRANDBRIDGE BROKERS $136.1M SENIORS HOUSING SALE, ARRANGES $100M LOAN
September 12, 2014
LOS ANGELES JEWISH HOME BEGINS CONSTRUCTION ON $100M FOUNTAINVIEW AT GONDA
September 11, 2014
MERIDIAN ARRANGES $100M FINANCING FOR NEW JERSEY APARTMENT COMPLEX
September 10, 2014
CROCKER PARTNERS, INVESTCORP BUY OFFICE-INDUSTRIAL PORTFOLIO FOR $133.2M
September 09, 2014
BRENNAN, ARCH STREET FORM $300M JOINT VENTURE TO BUY INDUSTRIAL PROPERTIES
 
         


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