Several of the largest publicly traded office REITs are moving back into the ground-up development game, after years of focusing on leasing and balance-sheet...
The Real Deal A venture of Bender Cos and Eastham Capital has paid $32 million, or $145,454/unit, for the 220-unit Fox Run apartments in St Charles, Ill Bender, of Chicago, and Eastham, of Boca Raton, Fla, acquired the property, at 145 Walnut Drive,...
A venture led by Heidenberg Properties Group has paid $284 million, or just more than $191/sf, for the 148,538-square-foot Triangle Town Place retail center in Raleigh, NC The venture bought the property, on a 1534-acre site at 3501 Sumner Blvd,...
Draper and Kramer Inc has paid $62 million, or $516,667/unit, for the 120-unit Epoque apartment complex in the Denver suburb of Golden, Colo The Chicago investment manager acquired the property through its open-ended core multifamily fund from its...
Denver Business Journal Avanti Residential has paid $31 million, or $352,273/unit, for Park Cheesman, an 88-unit apartment property in Denver The local investor acquired the property, at 1177 Race St, from a limited liability company, which bought...
Northmarq has arranged $24 million of financing for the construction of a 49-unit student housing property at 2372 Ellsworth St in Berkeley, Calif The loan, which was provided by an unnamed bank, was secured on behalf of the developer, Bright Street...
South Florida Business Journal An affiliate of JVP Management has provided $1402 million of additional financing for New River Center, a 400-unit apartment project that’s under construction in Fort Lauderdale, Fla The lender took over an...
Atlanta Business Chronicle Cousins Properties has contributed $50 million for a 975% stake in a venture with Trammell Crow Co that owns the site of Morgan Stanley’s future regional headquarters in Dallas The Atlanta REIT’s investment...
South Florida Business Journal The city of Coral Gables, Fla, has paid $24 million, or $45258/sf, for the 53,029-square-foot medical-office building at 475-495 Biltmore Way in that suburban Miami city It acquired the property from ShareMD of...
Houston Business Journal Cabot Properties has acquired Port 225 Commerce Center, a 484,056-square-foot industrial property in Pasadena, Texas, about 15 miles east of Houston The purchase price was not disclosed, but the 265-acre property was valued...
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