The National Council of Real Estate Investment Fiduciaries' Property Index, which tracks nearly 13,000 institutionally owned commercial properties valued at roughly $900 billion, posted a 123% unleveraged total return during the first...
Commercial Real Estate Direct Staff Report Lenders of all stripes are bullish They’ve got plenty of capital to lend and property owners have accepted the fact that interest rates will remain higher than what became the norm until late 2022 But...
Commercial Real Estate Direct Staff Report The second annual Trepp Connect conference got underway earlier today in Manhattan’s Rockefeller Center, with more than 200 attendees After opening remarks by Annemarie DiCola, chief executive of...
Washington Business Journal A venture of Hoffman & Associates, Snell Properties, and Mitsui Fudosan America Inc has lined up $195 million of construction financing to build 4600 Fairfax, a 420-unit apartment project in Arlington, Va The...
Albany Business Review Centers Health Care Network has sold a portfolio of three nursing homes and rehabilitation centers with a total of 332 beds in the Albany, NY, area for $331 million The Bronx, NY, company sold the properties to Lakewood,...
Commercial Real Estate Direct Staff Report Weak demand for space from biotechnology companies helped contribute to a drop in the occupancy rate of Alexandria Real Estate Equities Inc’s portfolio to 877% in the first quarter from 917% a year...
South Florida Business Journal Bowery Properties has bought Cascades at the Hammocks, a 264‑unit apartment property in Miami, for $655 million, or $248,106/unit The local investor purchased the three-story complex from an affiliate of Grand Peaks...
South Florida Business Journal An affiliate of Property Reserve, the real estate investment arm of the Church of Jesus Christ of Latter‑day Saints, has paid $240 million, or $526,316/unit, for Uptown Boca Villas, a 456‑unit apartment complex in...
Houston Business Journal MetroNational has acquired the Moran CityCentre, a 244‑room luxury hotel in Houston The local company purchased the property from Midway, also of Houston The purchase price was not immediately known Moran CityCentre, at...
Pittsburgh Business Times An affiliate of Roadside Development has paid $1523 million, or $9120/sf, for the Galleria of Mt Lebanon, a multi‑level retail property totaling a little more than 167,000 square feet in the Pittsburgh suburb of Mt...
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