LEDIC Management Group

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  • San Diego Office Property Gets New Owner After 60 Years

    Kennedy Wilson represented the seller of the leasehold interest in the property and the buyer of the fee interest in the land. The Little Italy asset traded hands for the first time in 63 years.

    21 September 2017 12:37
  • CMBS Delinquencies

    Retail properties had the largest decline, at $932 million, while office decreased by $805 million.

    22 May 2017 17:14
  • Duong Retail Closes Inland Empire Record Sale

    The company closed escrow on a retail center in Riverside, Calif., and a Black Bear Diner in Chino, Calif., for a total of $9.9 million, at a record cap rate.

    05 August 2017 00:19
  • Economy Watch: Internet Sales Continue Robust Growth

    The growth of e-commerce sales has been steady over the last decade, including during the recession, hitting $105.7 billion in the first quarter of 2017, according to the U.S. Census Bureau. Conventional retail sales, on the other hand, saw its most anemic quarterly growth since the onset of the recession.

    17 May 2017 13:47
  • Former NC Kmart Becomes 70 KSF Self-Storage Facility

    Aston Properties made its first retail to self-storage conversion by transforming an old Kmart store in Monroe into a self-storage property that will be managed by Extra Space Storage.

    03 August 2017 14:18
  • 110 KSF Industrial Asset Trades in Phoenix

    SPIRE Real Estate Portfolios, through Nicola Crosby Real Estate, purchased Cabot Business Center in Phoenix. The buyer retained Kidder Mathews as property manager of the industrial/flex asset.

    25 August 2017 16:53
  • CBRE Lines Up $49M Loan for Seattle Mixed-Use Project

    Working on behalf of Kennedy Wilson, the company has secured the acquisition financing for a nearly 422,000-square-foot office and warehouse property in Redmond, Wash.

    21 April 2017 16:54
  • Downtown Miami Hotel Commands $72M

    The new owner selected luxury operator HEI Hotels & Resorts to implement productivity and cost-cutting measures at the newly acquired asset.

    17 July 2017 14:06
  • Atlanta-Area Medical Office Buildings Trade for $17M

    Developed in 2007, the identical properties are 98.5 percent occupied, with approximately 87 percent of the rentable square footage leased to St. Mary’s Health Care System Inc.

    25 May 2017 12:56
  • JV Secures $73M for NYC Redevelopment

    APF Properties and Drake Street Partners tapped CBRE to arrange acquisition and redevelopment financing for 163 Varick St. in Manhattan.

    13 September 2017 13:42