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 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,...
Washington Business Journal An affiliate of Broadshore Capital Partners has put One Union Center, a 190,200‑square‑foot office building in Washington, DC, on the sales market JLL has the listing for the 11‑story property, at 810 First St NE,...
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...
Baltimore Business Journal Amazon Data Services has paid $152 million, or $13694/sf, for the 111,000-square-foot Stone Manor office building in Owings Mills, Md, a suburb of Baltimore The tech giant purchased the building from T Rowe Price Group,...
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