Simon to Redevelop Sears Store at Pittsburgh Mall

Philadelphia Business Journal Fernmoor has lined up $85 million of financing for Mi-Place at Downingtown, a 318-unit residential community in Downingtown, Pa, about 36 miles west of Philadelphia Barings provided the loan, which was arranged by CBRE...

Philadelphia Business Journal Speed Bay Warehouse Solutions has purchased an eight-building industrial portfolio totaling 488,936 square feet in the Philadelphia area for more than $84 million, or $17180/sf The Denver investor, which focuses on...

Washington Business Journal The buzz is that an affiliate of Douglas Development Corp is buying the 254,000-square-foot 1330 Connecticut Ave NW office building in Washington, DC The affiliate, Jemal Equities, would be buying the 12-story property...

Washington Business Journal A venture of Garfield Investments and Broad Creek Capital has agreed to pay $262 million, or $13497/sf, for the 194,115-square-foot office property at 1667 K St NW in Washington, DC James Campbell Co of Kapolei, Hawaii,...

Washington Business Journal Trinity Property Consultants has paid $845 million, or $239,376/unit, for The Rowan, a 353-unit apartment complex in Washington, DC The Irvine, Calif, multifamily owner acquired the 10-story property from its developer,...

Philadelphia Business Journal Welltower has acquired Arbor Terrace Exton, an 88-unit seniors housing community in Exton, Pa, for $355 million, or $403,409/unit The Toledo, Ohio, REIT bought the property from a venture of Bain Capital and Capitol...

Washington Business Journal FPA Multifamily is paying $250 million, or $204,583/unit, for the massive Riverside Apartments, a 1,222-unit complex in Alexandria, Va The San Francisco company is buying the three-building property from Elme Communities...

Washington Business Journal An affiliate of Clark Construction has bought the 186,007-square-foot office building at 1140 Connecticut Ave NW in Washington, DC The McLean, Va, company purchased the 12-story building from Brookfield Properties, which...

General Investment and Development has paid $21575 million, or $510,047/unit, for The Commodore, a 423-unit apartment complex in Arlington, Va The Boston investment manager, commonly known as GID, purchased the 20-story property from Greystar of...

Washington Business Journal An affiliate of Goldman Sachs has paid $1423 million, or $562,451/unit, for The Milton, a 253-unit apartment building in Arlington, Va The New York investor bought the 11-story property from Kimco Realty Corp of Jericho,...