Commercial Real Estate Direct Staff Report AH Realty Trust, the former Armada Hoffler Properties Inc., has struck a deal to sell 11 of its 14 apartment properties in Virginia, Maryland, Georgia, and North Carolina for $562 million in cash to ...
An entity doing business as Normandy National Pike LLC has paid $57.5 million, or $310.81/sf, for the 185,000-square-foot Normandy Shopping Center in Ellicott City, Md. The investment group, which is led by local residents Gurmit, Ish, and Maninder Singh, acquired ...
Lument has provided $30 million of Freddie Mac financing against the 202-unit Townes at the Terrace apartment property in Baltimore's Poppleton area. The property, at 800 West Saratoga St., is owned by the Housing Authority of Baltimore City, which was ...
Commercial Real Estate Direct Staff Report The 662,708-square-foot office building at 100 East Pratt St. in Baltimore, which backs a $102.16 million CMBS loan, has had its appraised value slashed to $31.5 million. The 50-year-old building's prospects dimmed earlier this year ...
Commercial Observer FPA Multifamily has paid $73 million, or $211,594/unit, for two apartment properties with a total of 345 units in Baltimore. The properties are The Lofts, with 193 units at 1901 South Charles St., and The Flats, with 152 ...
The Baltimore-area office sector could be among the markets where the flight-to-quality phenomenon is most vivid. Nearly 450,000 square feet of space was leased during the second quarter, with 63% of that taking place at class-A properties.
Commercial Real Estate Direct Staff Report T. Rowe Price Associates Inc.'s termination of its lease at its long-time headquarters building at 100 East Pratt St. in downtown Baltimore has placed its $103.06 million CMBS loan in jeopardy. The investment manager, ...
MonticelloAM has provided $71.2 million of bridge financing against the 466-unit Mariner's Pointe apartment property in the Baltimore suburb of Joppa, Md. The property, formerly known as the Homes of Towne Plaza, is at 311 Trimble Road, 15 miles north ...
Clarion Partners has paid $85.5 million, or $284.25/sf, for the 300,786-square-foot City Logistics industrial property at 1201 South Caton Ave. in Baltimore. The New York investment manager bought the two-building property, the former Seton Keough High School, from MRP Industrial ...
Commercial Real Estate Direct Staff Report Declining cash flow in recent years at the Brewers Hill mixed-use property in Baltimore has resulted in the $35.89 million CMBS loan being transferred to special servicer Rialto Capital Advisors. The loan is securitized ...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
