CIM Group Commits $125M to North Dakota Data Center
The loan is expandable to as much as $200 million.
The post CIM Group Commits $125M to North Dakota Data Center appeared first on Commercial Property Executive.
The loan is expandable to as much as $200 million.
The post CIM Group Commits $125M to North Dakota Data Center appeared first on Commercial Property Executive.
Principal Asset Management provided the financing.
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This campus was fully leased at the time of purchase.
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Construction on the project’s initial phase is expected to be completed by October 2025.
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The property last traded in 2015 for $34.5 million.
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Newmark brokered the transaction.
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This transaction reportedly was the largest office sale in the market so far this year.
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Graycor and Helmkamp are part of the construction team for the Greater St. Louis project.
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Shelter Growth Capital Partners issued a $24.3 million acquisition note.
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Will borrowers be able to refinance and meet their debt service coverage?
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The 115,500-square-foot property came online this year.
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At NAIOP’s annual regional conference, executives detailed what’s ahead in the highly fluid sector.
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The deal marks the buyer's first retail acquisition in more than 15 years.
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Sartorius’ local flagship facility consolidates a variety of locations.
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The property is part of IRG's redevelopment of the former Weyerhaeuser HQ campus.
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Hafsa Burt of hb+a Architects on the intersection of environmental sustainability and human well-being in CRE design.
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DLC Management Corp. purchased the suburban property.
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Following a slowdown, construction in the market is picking up the pace, according to CommercialEdge data.
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New developments surged to more than 400 million square feet, according to the latest CommercialEdge report.
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