The General Services Administration recently found that none of the 9,766 buildings the government occupies meet the 60% utilization threshold mandated by the USE IT Act, which could accelerate its property disposition...
Charlotte Business Journal CBRE has been tapped to market for sale the Queen City Quarter mixed-use complex in Charlotte, NC The property, formerly known as the EpiCentre, is being marketed on behalf of CWCapital Asset Management, special servicer...
Multi-Housing News Mill Creek Residential has broken ground on Modera Woodmont Beach, a 290-unit apartment property in Des Moines, Wash The Boca Raton, Fla, developer is building the property at 26915 Pacific Highway South, about 20 miles south of...
Charlotte Business Journal Ares Management Corp is offering for sale ThExchange, a 568,811-square-foot office complex in Charlotte, NC The Los Angeles investment manager has tapped CBRE to market the 14-building property It took title to the...
Denver Business Journal The Dinerstein Cos has paid $1373 million, or $629,816/unit, for Steele Creek, a 218-unit apartment property in Denver The Houston investment firm acquired the property, at 3222 East 1st Ave, from UDR Inc, which bought it in...
Commercial Property Executive Western Realco has paid $407 million, or $30410/sf, for a 133,836-square-foot office property at 600 East Vermont Ave in Anaheim, Calif The Newport Beach, Calif, investment firm acquired it from Rexford Industrial in a...
The Real Deal A venture of Nelson Management, JPMorgan & Co, and L+M Fund Management is taking another shot at selling the 256-unit apartment property at 275 South St on the Lower East Side of Manhattan It is now seeking $275 million for the...
LA Business First A development group led by Lowe has broken ground on Carina, a 408-unit apartment property in Santa Ana, Calif The Los Angeles developer is building the property at 2828 North MainPlace Drive, about 31 miles southeast of Los...
Puget Sound Business Journal Bell Partners has paid $7832 million, or $489,500/unit, for the Milehouse, a 160-unit apartment complex in the Seattle suburb of Redmond, Wash The Greensboro, NC, multifamily investor acquired the property from UDR Inc,...
REBusiness Online A venture of Bridgeway Real Estate Partners and LBX Investments has paid $43 million, or $35833/sf, for Plaza Del Mar, a 120,000-square-foot office property in San Diego Bridgeway, of Pasadena, Calif, and LBX, of Beverly Hills,...
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