Commercial Observer A venture of Electra America and AKA has purchased the 152-room One Washington Circle Hotel in Washington, DC, for $49 million, or $322,368/room The property, at 1 Washington Circle, was purchased from George Washington...
ROI-NJcom Inspired Healthcare Capital has purchased the 195-unit Homestead at Hamilton seniors-housing property in Hamilton Township, NJ, for $975 million, or $500,000/unit The Scottsdale, Ariz, investment manager bought the property, which sits on...
Multi-Housing News A venture of MRP Realty and Barings has lined up $694 million of financing for the third phase of the Washington Gateway mixed-use complex in Washington, DC Santander Bank provided the loan, which was arranged by Eastdil Secured...
The LEGO Group will invest more than $1 billion over 10 years to build a 17 million-square-foot factory in Chesterfield County, Va The factory, on more than 340 acres, will be the Danish toymaker’s first in the US It ultimately will create...
Commercial Observer A unit of NTT Ltd has paid $2574 million for 103 acres of land in Gainesville, Va, about 40 miles west of Washington, DC, on which it plans to build a data-center property The unit, Global Data Centers Americas Inc of Ashburn,...
Commercial Observer Rose Valley Capital has secured $61 million of financing from NewPoint Real Estate Capital for its acquisition of the 172-unit Weatherstone Flats apartment property in Chester Springs, Pa, a suburb of Philadelphia Meridian...
Commercial Observer Langdon Park Capital has bought the 304-unit Rosecroft Mews Apartments in Fort Washington, Md, some 20 miles south of Washington, DC, for $632 million, or $207,894/unit The Los Angeles investor has renamed the property, at 2428...
Commercial Observer Longfellow Real Estate Partners has paid $42 million, or $219/sf, for Preserve Tower Oaks, a 191,000-square-foot office building in Rockville, Md, that it plans to convert into life-sciences space Cushman & Wakefield...
REBusiness Online PGIM Real Estate has teamed with AXA IM Alts to provide a $350 million loan against a portfolio of 29 industrial properties encompassing 49 million square feet in Burlington and Gloucester counties in southern New Jersey The...
Multi-Housing News UIP Cos is developing the 285-unit Canvas Apartments in Hyattsville, Md, after raising $271 million of equity, including $191 million through the CrowdStreet crowdfunding platform Meanwhile, Safehold Inc bought the ground beneath...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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