JEA headquarters has new owner, but utility expects no changes
Jacksonville Business Journal | November 4th, 2022
JEA’s soon-to-be headquarters downtown has been acquired by a Colorado-based real estate firm, with the utility service expecting no changes prior its move-in early next year.
The seven-story, 153,000-square-foot office building, is located at 225 N. Pearl St., next to the Duval County Courthouse. It was purchased by Real Capital Solutions of Louisville, Colorado.
Ryan Companies sells new JEA HQ building to Colorado investment firm
Jacksonville Daily Record | November 4th, 2022
Ryan Companies US Inc., the developer of JEA’s new Downtown corporate headquarters, announced Nov. 4 it sold the newly completed building to Colorado-based firm Real Capital Solutions. It did not disclose the price. The deed had not been filed with the Duval County Clerk of Court office by 2:30 p.m. Nov. 4.
The sale closed after the municipally owned electric and water utility received its certificate of occupancy from the city of Jacksonville for the seven-story, 153,000-square-foot building at 225 N. Pearl St. but before JEA has completed its move from its current headquarters.
Edmonton Investment Sales Rebound in First Half of 2022
Western Investor | October 18th, 2022
Real Capital Solutions Inc., of Colorado paid $86.1 million for 8351 McIntyre Road NW, 13503 149th Street NW and 1705 90th Avenue, a portfolio of three industrial buildings on five acres.
Real Capital Solutions Sells Oklahoma Office Asset for $47M
Commercial Property Executive | October 6th, 2022
Real Capital Solutions has sold the Heartland Payment Systems’ headquarters, an 111,503-square-foot office building in downtown Oklahoma City, for $47 million. Newmark worked on behalf of the seller, while Syndicated Equities was the buyer. The Class A property previously traded in 2020, when the current seller purchased it for $40.8 million, CommercialEdge data shows.
Heartland Payment Systems Headquarters in Downtown OKC Sells for Nearly $50M
The Oklahoman | October 6th, 2022
Heartland Payment Systems’ headquarters building, a newly constructed, 111,503-square-foot, Class A office building at 616 N Broadway Ave., has been sold in a $46.97 million transaction handled by New York-based Newmark and affiliate Newmark Robinson Park in Oklahoma City.
Oklahoma City Leased-Up Office Trades for $47 Million
Connect CRE | October 5th, 2022
A Newmark team led by Ken Hedrick represented the seller, Real Capital Solutions, “Oklahoma City has experienced tremendous population growth over the past ten years as the city’s economic development team has succeeded in diversifying the local economy, recruiting new companies and investing in the city’s infrastructure.”
Newmark Completes Sale of Net Leased Headquarters Office Building in Downtown Oklahoma City
Newmark | October 4th, 2022
Newmark announces the sale of the Heartland Payment Systems Headquarters building, a newly constructed, 111,503-square-foot, Class A office building in downtown Oklahoma City, Oklahoma. The property is 100% net-leased to payment processing and technology provider Heartland Payment Systems. The asset traded from Real Capital Solutions to Syndicated Equities for $46.97 million.
Weston Inc. buys One Imeson building for $68.25 million
Jacksonville Daily Record | July 19th, 2022
Cleveland-based Weston Inc. purchased the 1.64 million-square-foot One Imeson building in North Jacksonville on July 18 for $68.25 million. Weston acquired the building through One Imeson Park Blvd LLC. The seller was Real Capital Solutions of Louisville, Kentucky, through RCS Imeson LLC.
Arizona College of Nursing to Open Melbourne Campus
Orlando Business Journal | June 14th, 2022
The Phoenix-based school inked a 10-year lease for 23,327 square feet at the Rialto Place Office Tower in Melbourne, according to the broker for the building, Melbourne-based JM Real Estate. Louisville, Colorado-based Real Capital Solutions owns the 10-story, 105,962-square-foot office building at 100 Rialto Place.
Partnership Acquires Six Shopping Centers for $165M
Globest | May 11th, 2022
Partners, Lamar Cos. and Real Capital Solutions have acquired six shopping centers in the past five months, totaling more than $165 million.
Most recently, in April 2022, the companies purchased the 293,550-square-foot lifestyle center, The Shops at Valley Square, in the Philadelphia suburb of Warrington, PA. The class A mixed-use lifestyle center features retail, office and multifamily space across nine free-standing buildings.
Developer Plans over 400 Multi-family Units Near Mount Baker Station
Puget Sound Business Journal | May 11th, 2022
Last year, Lowe recapitalized the 6,400-acre Suncadia resort in Kittitas County through a $43.3 million buyout of Oaktree Capital Management. Lowe said Denver-based Real Capital Solutions joined it as the majority owner of Suncadia Resort LLC.
LAMAR Acquires Six Shopping Centers Totaling Over $165 Million with Recent Purchase of Lifestyle Center in Warrington, PA
Cision PRWeb | May 10th, 2022
Lamar Companies, in conjunction with Real Capital Solutions, is pleased to announce the acquisition of six shopping centers totaling over $165 million over the last five months. Most recently, in April 2022, the group acquired The Shops at Valley Square, a 293,550 SF lifestyle center in Warrington, PA.
LAMAR Acquires Six Shopping Centers Totaling Over $165 Million with Recent Purchase of Lifestyle Center in Warrington, PA
Benzinga | May 10th, 2022
Lamar Companies, in conjunction with Real Capital Solutions, is pleased to announce the acquisition of six shopping centers totaling over $165 million over the last five months. The firm’s recent purchase, The Shops at Valley Square is a Class-A mixed-use lifestyle center (retail, office and multi-family land with the potential for over 300 units) totaling approximately 293,550 SF that was built in 2007.
The Denver Couple Giving Away Their Billion Dollar Fortune
News Break | May 2nd, 2022
Marcel Arsenault, with his wife Cynda Collins Arsenault, are co-founders of One Earth Future, as well as the Arsenault Family Foundation and the Secure World Foundation. Through the business, Marcel has driven more than 365 real estate investments totaling approximately $3.5 billion across the United States. In 2019, Marcel and Cynda Arsenault signed the Giving Pledge. This is a commitment to give away the majority of their wealth.
California Investor Acquires Burns & McDonnell Offices
Kansas City Business Journal | April 12th, 2022
An office building leased to Burns & McDonnell has changed hands. A five-story office building off of State Line Road recently changed hands among out-of-state real estate investors for a reported $27.6 million
California Investor Enters Kansas City With Office Building Deal
CoStar | March 21st, 2022
California Investor Nazareth Enterprises Enters Kansas City With Office Building Deal. Real Capital Solutions Sells Building Leased to Burns & McDonnell After Short Hold.
Stan Johnson Arranges Sale-Leaseback of 118,000 SF Industrial Portfolio in Goliad, Texas
Rebusiness Online | March 18th, 2022
Stan Johnson Co. has arranged the sale-leaseback of a portfolio of 13 industrial facilities totaling 118,000 square feet in Goliad, about 100 miles southeast of San Antonio. John Rotunno of Stan Johnson Co. represented the seller and tenant, Oryx Oilfield Services, in the transaction. Colorado-based private equity firm Real Capital Solutions purchased the portfolio for an undisclosed price.
Stan Johnson Company Arranges Sale Leaseback of Texas Industrial Portfolio
REjournals | March 15th, 2022
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale leaseback of a two-location portfolio occupied by Oryx Oilfield Services. The facilities are located at 900 East Highway 11 in Kermit, Texas and 922 Farm to Market 81 in Goliad, Texas.
There are New Financial Incentives for Marshall Fire Victims to Rebuild Greener Homes
CPR News | February 28th, 2022
The solar company and local resident Marcel Arsenault said Monday they would match up to $200,000 in contributions to a fund that would help reduce the electricity bills of residents who rebuild their homes with electric heat instead of natural gas systems.
Forge Capital Partners, Sembler Co. Sell Retail Portfolio in Puerto Rico for $80.3 Million
Shopping Center Business | February 24th, 2022
A joint venture between Lamar, CCM Puerto Rico and Real Capital Solutions acquired the properties for $80.3 million
4-mall portfolio, Including Plaza Los Prados in Caguas, Sells for $80.25M
NimB | February 24th, 2022
JLL marketed the portfolio on behalf of the seller, Forge Capital Partners and The Sembler Company. A joint venture between Lamar, CCM Puerto Rico and Real Capital Solutions acquired the assets.
Jones Lang LaSalle Incorporated : Retail Portfolio in Puerto Rico Sells for $80.25M
Market Screener | February 23rd, 2022
JLL Capital Markets announced today that it has closed the $80.25 million sale of The Plazas of Puerto Rico, a portfolio of four market-dominant retail centers totaling 555,016 square feet across the island of Puerto Rico.
Opinion: The Marshall Fire Showed Climate Change Has Come to Our Backyard
The Colorado Sun | January 14th, 2022
Colorado’s Marshall Fire destroyed my community and our home of 41 years, a house built in 1894 by the son of the founder of Superior. This wonderful house and the 20 towering ash trees planted by the Hake family were entrusted in our care. Every summer, we enjoyed the shade of these 125-year-old trees that provided natural air conditioning.
Lamar Companies Acquires a Shopping Center in Cincinnati, OH
Digital Journal | January 11th, 2022
Lamar Companies, in conjunction with Real Capital Solutions, is pleased to announce the acquisition of Stone Creek Towne Center, a shopping center in Cincinnati, Ohio.
TPG, Cardinal Group Continue Student Housing Expansion
Multi-Housing News | December 8th, 2021
According to Yardi Matrix data, the property last changed hands in 2018, when Heitman paid nearly $25.2 million to Real Capital Solutions for it.
Featured Deal: ManpowerGroup Headquarters Building
BizTimes | October 25th, 2021
ManpowerGroup has a new landlord of its downtown Milwaukee headquarters. The 280,000-square-foot building at 201-229 W. Cherry St. is now owned by Louisville, Colorado-based Real Capital Solutions. An affiliate of Real Capital acquired the property for $70.43 million from an investors group
Arbah Capital, Hampshire Stateside Purchase 226,548 SF Office Building in Orlando
Rebusiness Online | October 19th, 2021
Arbah Capital, in partnership with Hampshire Stateside, has purchased a 226,548-square-foot office building in Orlando. CBRE represented the seller, Real Capital Solutions, in the transaction. The sales price was not disclosed.
ManpowerGroup headquarters office sells for $70.4 million
Milwaukee Business Journal | October 6th, 2021
ManpowerGroup’s downtown Milwaukee headquarters sold for $70.4 million this month and now belongs to Colorado investor Real Capital Solutions.
Weitzman Arranges Sale of 74,837-Square-Foot Shops at Vista Ridge Retail Center in Metro Dallas
Shopping Center Business | October 1st, 2021
Matthew Rosenfeld, Kevin Butkus and Giovanni Scardino of Weitzman handled negotiations on behalf of the sellers, a partnership between Lamar Cos. and Real Capital Solutions.
Mule Alley Welcomes New Tenants Including Flea Style
D Magazine | September 30, 2021
Matthew Rosenfeld, Kevin Butkus, and Giovanni Scardino with Weitzman handled negotiations on behalf of the seller, Lamar Companies, and Real Capital Solutions.
13 Billionaires Signed Bill Gates and Warren Buffett’s Giving Pledge in 2020
CEO World Magazine | January 4th, 2021
Marcel Arsenault, with his wife Cynda Collins Arsenault are co-founders of the Arsenault Family Foundation, the One Earth Future Foundation (OEF), and the Secure World Foundation (SWF). Marcel Arsenault is an investor, serial entrepreneur, and CEO of Real Capital Solutions (RCS) where he oversees a portfolio exceeding $1.5 billion in real estate assets.