David Simon Passes Away After Battle with Cancer
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CREFC’s Lisa Pendergast Retiring in August
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Brookfield Revives GGP Name for Malls
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City: Alexandria
Alexandria, Va., Office Building Trades for $39Mln
Washington Business Journal Boundary Cos. has paid $39 million, or about $368/sf, for 201 North Union St. in Alexandria, Va. The Chevy Chase, Md., company bought the 106,000-square-foot office building from an affiliate of the Realco Group of New York. ...
Vacant Alexandria, Va., Office Building Sells for $43Mln
Bisnow Stonebridge has paid $43 million, or about $71/sf, for Victory Center, a vacant office building with 607,000 square feet in Alexandria, Va. The Bethesda, Md., developer bought the property, at 5001 Eisenhower Ave., from PGIM Real Estate. Victory Center ...
Resource Apartment to Buy Alexandria, Va., Property for $36.8Mln
Commercial Real Estate Direct Staff Report Resource Apartment REIT III Inc. has agreed to pay $36.8 million, or $260,993/unit, for the Summit Apartments in Alexandria, Va. The Philadelphia REIT, whose shares do not trade on any exchange, is acquiring the ...
PGIM Provides $78Mln FHA Financing for Alexandria, Va., Apartments
PGIM Real Estate Finance has provided $78 million of financing under a Federal Housing Administration program for the 461-unit Encore Apartments in Alexandria, Va. The fully amortizing, 35-year loan allowed the property's owner, Bonaventure Realty Group, to refinance a maturing ...
Alexandria, Va., Apartment Property Trades for $62.3Mln
Commercial Real Estate Direct Staff Report Morgan Properties has paid $62.3 million, or $202,272/unit, for the Bennington Crossings apartment property in Alexandria, Va. The King of Prussia, Pa., investor bought the 308-unit complex from JBG Smith Properties, a Chevy Chase, ...
Hilton Alexandria Old Town hotel
Ashford funded the property's purchase with $11.1 million through its recently launched Enhanced-Return Funding program, as well as a $73.5 million mortgage with a fully extended term of five years that pays a rate pegged to Libor plus 245 basis ...
Ashford Hospitality Pays $111Mln for Hilton Alexandria Old Town Hotel
Ashford Hospitality Trust Inc. has completed its $111 million, or $440,476/unit, purchase of the 252-room Hilton Alexandria Old Town hotel in the Washington, D.C., suburb of Alexandria, Va. The Dallas REIT bought the 18-year-old property, at 1767 King St., from ...
Multifamily Redevelopment Proposed for Alexandria, Va., Theater
Washington Business Journal Carr Cos. is proposing to redevelop the MetroStage theater in Alexandria, Va., into a residential project. The existing structure, at 1201 North Royal St., will be razed to make way for 90 units, several artist lofts, a ...
MetLife Lends $95.5Mln to Facilitate Purchase of Alexandria, Va., Apartments
MetLife Investment Management has provided $95.5 million of financing to fund the $148 million, or $367,246/unit, purchase of the 403-unit Meridian at Carlyle apartment property in Alexandria, Va., by a venture led by Lincoln Property Co. The five-year loan, which ...
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