Mid-Atlantic
Seniors-Housing Property Near Princeton, N.J., Trades for $97.5Mln
ROI-NJ.com Inspired Healthcare Capital has purchased the 195-unit Homestead at Hamilton seniors-housing property in Hamilton Township, N.J., for $97.5 million, or $500,000/unit. The Scottsdale, Ariz., investment manager bought the property, which sits on 20 acres at 2560 Kuser Road, from...
Venture Secures $69.4Mln Construction Loan for D.C. Apartment Project
Multi-Housing News A venture of MRP Realty and Barings has lined up $69.4 million of financing for the third phase of the Washington Gateway mixed-use complex in Washington, D.C. Santander Bank provided the loan, which was arranged by Eastdil Secured....
LEGO to Invest $1Bln to Build First U.S. Factory in Virginia
The LEGO Group will invest more than $1 billion over 10 years to build a 1.7 million-square-foot factory in Chesterfield County, Va. The factory, on more than 340 acres, will be the Danish toymaker's first in the U.S. It ultimately...
NTT Pays $257.4Mln for Land in Va. for Data Center
Commercial Observer A unit of NTT Ltd. has paid $257.4 million for 103 acres of land in Gainesville, Va., about 40 miles west of Washington, D.C., on which it plans to build a data-center property. The unit, Global Data Centers...
NewPoint Lends $61Mln Against Apartment Property in Suburban Philadelphia
Commercial Observer Rose Valley Capital has secured $61 million of financing from NewPoint Real Estate Capital for its acquisition of the 172-unit Weatherstone Flats apartment property in Chester Springs, Pa., a suburb of Philadelphia. Meridian Capital Group arranged the bridge...
304-Unit Apartment Property in Fort Washington, Md., Trades for $63.2Mln
Commercial Observer Langdon Park Capital has bought the 304-unit Rosecroft Mews Apartments in Fort Washington, Md., some 20 miles south of Washington, D.C., for $63.2 million, or $207,894/unit. The Los Angeles investor has renamed the property, at 2428 Corning Ave.,...
Longfellow Pays $42Mln for Rockville, Md., Office; Conversion Planned
Commercial Observer Longfellow Real Estate Partners has paid $42 million, or $219/sf, for Preserve Tower Oaks, a 191,000-square-foot office building in Rockville, Md., that it plans to convert into life-sciences space. Cushman & Wakefield represented the seller, FCP, which had...
PGIM, AXA Lend $350Mln Against Southern N.J. Apartment Portfolio
REBusiness Online PGIM Real Estate has teamed with AXA IM Alts to provide a $350 million loan against a portfolio of 29 industrial properties encompassing 4.9 million square feet in Burlington and Gloucester counties in southern New Jersey. The borrower...
UIP Cos. Raises Equity via CrowdStreet for Hyattsville, Md., Apartment Project
Multi-Housing News UIP Cos. is developing the 285-unit Canvas Apartments in Hyattsville, Md., after raising $27.1 million of equity, including $19.1 million through the CrowdStreet crowdfunding platform. Meanwhile, Safehold Inc. bought the ground beneath the proposed property, for $42.8 million,...
2-Building Office Complex in Washington, D.C., Fetches $228Mln
Commercial Observer Post Brothers has purchased a pair of office buildings totaling 659,459 square feet in Washington, D.C., for $228 million, or about $345.74/sf, with plans to convert it into apartments. The Philadelphia multifamily developer bought the two buildings, Universal...
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