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60,400-SF Office Property in Bellevue, Wash., Sells for $18Mln
Rentv.com A venture of Intracorp and HAL Real Estate has paid $18 million, or $298.01/sf, for the 60,400-square-foot office property at 3190 160th Ave. SE in Bellevue, Wash. Intracorp, of Vancouver, British Columbia, and HAL, of Seattle, purchased the property...
Wells Fargo, Truist Lend $190Mln Against Boston-Area Retail Center
Wells Fargo Bank and Truist Bank have provided $190 million of mortgage financing against Legacy Place, a 675,000-square-foot shopping center in the Boston suburb of Dedham, Mass. The loan, arranged by JLL Capital Markets, allowed the 14-year-old property's owner, a...
266,025-SF Office Property Breaks Ground in Seattle
Rentv.com Ground has broken on the 266,025-square-foot University District office building in Seattle. The property is being built at 4300 Brooklyn Ave. NE, directly above the U District light rail station. It will have a rooftop terrace and 3,519 sf...
M&T Bank Writes $19.8Mln Fannie Loan Against Bremerton, Wash., Apartments
Commercial Real Estate Direct Staff Report M&T Bank has provided $19.8 million of Fannie Mae financing against the 120-unit Village Fair Apartment Homes in Bremerton, Wash. The fixed-rate loan pays a 5.63 percent coupon and has a five-year term. It...
Signature Bank Held 12 Percent Share of Bank CRE Lending Biz in New York Market
Signature Bank, which was taken over by regulators last weekend, held a 12 percent share of the bank commercial real estate lending market in the New York metropolitan area, according to an estimate by Trepp Inc. As reported, the bank carried...
Portfolio of 3 Apartment Properties in Northridge, Calif., Sells for $55.5Mln
LAApartments has paid $55.5 million, or $225,609/unit, for three apartment properties with 246 units in Northridge, Calif., about 20 miles north of Los Angeles. The Los Angeles company purchased the properties from Upside Investments in a deal brokered by Northmarq....
268-Unit Apartment Project to Break Ground This Fall in Fort Worth, Texas
Dallas Business Journal Summa Terra Ventures is breaking ground this fall on the nine-building Vic Centre multifamily project in Fort Worth, Texas. The Springville, Utah, company is building the 268-unit project at 7124 Anderson Blvd., east of the intersection of...
Pebblebrook Sells Sofitel Philadelphia for $80Mln
Pebblebrook Hotel Trust has sold the 306-room Sofitel Philadelphia at Rittenhouse Square for $80 million, or $261,438/room. The buyer couldn't be identified immediately. The sales price results in an 8.6 percent capitalization rate based on 2019 net operating income, Pebblebrook...
2 Industrial Leases Signed at Melrose Park, Ill., Development
REJournals.com Bridge Industrial has signed a pair of logistics companies to leases totaling 1.38 million square feet at its Bridge Point Melrose Park, a 1.54 million-sf industrial project that's under construction in Melrose Park, Ill., about 16 miles west of...
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