Washington Business Journal The NHP Foundation has paid $537 million, or $246,330/unit, for Hadley Germantown, a 218‑unit affordable-housing complex in Germantown, Md, about 25 miles northwest of downtown Washington, DC The New York nonprofit...
Charlotte Business Journal Miramar Capital has paid $558 million, or $315,254/unit, for a pair of build‑to‑rent townhome communities with a total of 177 units in Charlotte, NC The Los Angeles investment firm purchased the properties from Hopper...
Boston Business Journal Boylston Properties has paid $46 million, or $29299/sf, for a 157,000‑square‑foot office property at 30‑44 Washington St in Wellesley, Mass The Boston company purchased the five‑building complex from the Haynes...
PCCP has provided $130 million of senior financing for the construction of a 304-unit apartment property and adjoining 47,892-square-foot grocery store in the Mott Haven area of the Bronx, NY The property, dubbed The 360, is being developed at 350...
Crain’s Chicago Business Ansonia Properties has paid $91 million, or $258,522/unit, for Villages at Canterfield, a 352-unit apartment property in Dundee, Ill, a western suburb of Chicago The Chicago real estate firm acquired the property from...
Commercial Real Estate Direct Staff Report The Heinz 57 Center office and retail building in downtown Pittsburgh has been reappraised at a value of only $198 million The 14-story building was constructed in 1913 at 339-357 6th Ave as a Kaufmann...
Commercial Real Estate Direct Staff Report Drawbridge Realty has paid $255 million, or $497/sf, for the 513,000-square-foot Bridgestone Tower in downtown Nashville, Tenn The San Francisco investment manager bought the 30-story property from...
Universe Holdings Development has paid $28 million, or $538,462/unit, for the 52-unit Park Encino apartment property in the Los Angeles suburb of Encino, Calif The Los Angeles investment manager bought the 12-year-old property from affiliates of...
The Santa Monica, Calif, mall owner still has $300 million to $400 million of properties to get rid of before completing its Path Forward plan, an effort designed to reduce its overall leverage level and leave it with a portfolio of 31...
Commercial Real Estate Direct Staff Report The Macerich Co venture that owns the Deptford Mall in the southern New Jersey township of Deptford paid off the property’s $13174 million mortgage when it matured last month The loan, securitized...
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