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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...
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....
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...
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...
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...
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.,...
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...
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...
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,...
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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