Mixed-use
Kennedy Funding Closes Loan to National Retail Development Partners for Arizona Mixed-Use
July 22, 2008

Kennedy Funding Inc. closed a $11 million loan to National Retail Development Partners for site development and construction of a mixed-use office and retail complex in Scottsdale, Ariz. The developer has obtained site approval for Ironwood Festival, which will comprise six structures holding over 81,000 square feet of retail and 13,285 square feet of office space.

 
Recent Mixed-Use Headlines
Colonial Properties Sells M-F Asset for $58M
Colonial Properties Trust has announced that it has completed the sale of Colonial Grand at Hunter’s Creek, a 496-unit apartment community located in Orlando, Fla. The asset went for $57.7 million in net proceeds, which represents a capitalization rate of 6.3 percent.
Bozzuto Finds $75M for Baltimore Mixed-Use Project
The Bozzuto Group has secured a $75 million construction-financing package and begun work on The Fitzgerald at UB Midtown, a mixed-use community going up on 4.6 acres owned by the University of Baltimore in the heart of Baltimore’s cultural district.
Shanghai Mixed-Use Tower Breaks Ground
Skidmore, Owings & Merill L.L.P. have announced the groundbreaking for the White Magnolia Plaza in Shanghai. Skidmore, Owings & Merrill and their partner in the project, Shanghai Jinjang North Bund Realty Co. began construction on Sept. 26, having just recently received authorization for the plans from the Shanghai City Planning Administrative Bureau.
Newly Created Hill Entity Buys 2.2 MSF Philly Mixed-Use Project
Marlton, N.J.-based construction manager Hill International has created Hill International Real Estate Partners L.P., a real estate development services firm that will serve the commercial and hospitality industries across the Mid-Atlantic and Northeast. The newly formed entity has already made a grand move--the firm just acquired developer Walnut Street Capital's interests in the 2.2 million-square-foot American Commerce Center project in Philadelphia.
transbay Hines Proposes $235M for Transbay Tower Parcel in San Francisco
Real estate firm Hines and equity partner MetLife Real Estate Investments have settled on terms with the Transbay Joint Powers Authority for an Exclusive Negotiations Agreement for Transbay Tower, a 1.6 million-square-foot office high-rise Hines plans to develop in San Francisco.