L3 Capital has secured a $90 million floating-rate loan to finance a retail portfolio comprised of 11 assets in Williamsburg, Brooklyn, totaling 85,000 square feet in a prime retail corridor.
KBS Real Estate Investment Trust II sold the complex to an unidentified private buyer. CBRE, which represented KBS in the transaction, identified the new owner as a private New York City-based investor backed by offshore capital.
These funds include foreign capital, which is targeting mainly office and industrial assets, says VEREIT’s Dan Lovitz.
The power of influence is vast, and influencers yield such clout that they are able to effect change through direct and, more often than not, indirect action. The impact of the following net lease influencers is recognizable and significant.
"We saw strong interest in this site, as the planned four-season experiential, boutique hotel is positioned perfectly to capitalize on the growing health and wellness trend,” Michael Gembecki of Cushman & Wakefield tells GlobeSt.com.
The single-story building is located at 132 54th St. Jones Lang LaSalle has been selected to manage the leasing effort.
Real estate investment trust Columbia Property Trust has completed its acquisition of development and operations firm Normandy Real Estate Management, reaching an agreement on anticipated investments, business management and leadership appointments.
Life House, a tech-enabled lifestyle hotel company, has closed $30 million in a Series B fundraise.
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