Morgan Stanley Mortgage Capital Inc. has provided $29 million of acquisition financing for Uptown Shopping Center, a 72,260-square-foot retail development, and the adjacent Uptown Apartments, a 47-unit complex, both in Portland, Ore.Atlas Investing, a Boston retail developer, received...
A venture led by Thomas Properties Group Inc. has completed its $1.15 billion acquisition of a portfolio of 10 office properties with 3.5 million square feet in the Austin, Texas, area from Blackstone Real Estate Advisors. The properties...
Heitman LLC has raised $800 million of equity commitments for its latest value-add investment vehicle, Heitman Value Partners II.The capital was raised from 20 institutional clients and could be leveraged into more than $2.4 billion of investments. Heitman,...
Morgan Stanley Mortgage Capital Inc. has provided $29 million of acquisition financing for Uptown Shopping Center, a 72,260-square-foot retail development, and the adjacent Uptown Apartments, a 47-unit complex, both in Portland, Ore.Atlas Investing, a Boston retail developer, received...
SCI Investments has purchased a 1,021-unit portfolio of student housing properties located throughout the country.The Los Angeles firm purchased the property on behalf of tenant-in-common investors from GMH Communities Trust of Newtown Square, Pa., which marketed the portfolio...
Heitman LLC has raised $800 million of equity commitments for its latest value-add investment vehicle, Heitman Value Partners II.The capital was raised from 20 institutional clients and could be leveraged into more than $2.4 billion of investments. Heitman,...
Triple Net Properties has acquired 8555 University Place, a 315,000-square-foot office building in St. Louis.The Santa Ana, Calif., firm purchased the three-story building on behalf of tenant-in-common investors from Northpark Partners ESA, a St. Louis venture consisting of...
SCI Investments has purchased a 1,021-unit portfolio of student housing properties located throughout the country.The Los Angeles firm purchased the property on behalf of tenant-in-common investors from GMH Communities Trust of Newtown Square, Pa., which marketed the portfolio...
CIM Group has purchased two hotel properties in downtown Oakland totaling 646 rooms. The Los Angeles hospitality firm is purchasing the properties, the 484-room Oakland City Center Marriott and a 162-room Courtyard Oakland Downtown, from a joint venture...
Triple Net Properties has acquired 8555 University Place, a 315,000-square-foot office building in St. Louis.The Santa Ana, Calif., firm purchased the three-story building on behalf of tenant-in-common investors from Northpark Partners ESA, a St. Louis venture consisting of...
Bascom Group has paid $48 million for the Dunwoody Club, a 532-unit apartment complex in Atlanta.The Irvine, Calif., firm purchased the complex from Place Properties of Atlanta, which marketed the property through CB Richard Ellis.Bascom plans to renovate...
CIM Group has purchased two hotel properties in downtown Oakland totaling 646 rooms. The Los Angeles hospitality firm is purchasing the properties, the 484-room Oakland City Center Marriott and a 162-room Courtyard Oakland Downtown, from a joint venture...
Kenmore Group LLC has paid $17.5 million for Malibu Vista, 30,742-square-foot office building in Malibu, Calif.The Santa Monica, Calif., investment firm purchased the property from Malibu Vista Partners of Beverly Hills, Calif., which was represented by Sperry Van...
Bascom Group has paid $48 million for the Dunwoody Club, a 532-unit apartment complex in Atlanta.The Irvine, Calif., firm purchased the complex from Place Properties of Atlanta, which marketed the property through CB Richard Ellis.Bascom plans to renovate...
Chicago Sun Times Health Care Service Corp. has announced that it will add 24 stories to its building at 300 E. Randolph in Chicago's East Loop. Health Care Service Corp., the parent company for Blue Cross and Blue...
Maguire Partners is offering for sale a stake in its 900-acre Solana mixed-use project in Dallas.The Los Angeles firm has tapped HFF Inc. to explore the sale of a partnership interest to an institutional investor. The partner will...
Verizon has agreed to sell a portfolio of 25 office and industrial properties with 2.3 million square feet to a venture controlled by GHP Office Realty of White Plains, N.Y., and Benereofe Properties of Purchase, N.Y.The telecom giant...
Regency Centers Corp. last week priced $400 million of unsecured notes through underwriters led by JPMorgan Securities and Wachovia Securities. The notes, which pay a coupon of 5.875 percent and mature June 15, 2017, were priced at 99.527...
Brickman Associates has agreed to pay about $40 million for 40 Court St., a 115,069-square-foot office building in downtown Boston.The New York investment firm is buying the 12-story building from a joint venture between Paradigm Properties and the...
Cushman & Wakefield has hired Chris Strain as executive director and managing broker of the company's newly-opened Sacramento, Calif., office. A 20-year veteran of commercial real estate, Strain was the co-founder of C. Strain Corporate Real Estate, which...
SL Green Realty Corp. has paid $38 million for 1010 Washington Blvd., a 143,400-square-foot office building in Stamford, Conn.The two-building property was purchased from BPG Properties Ltd. It sits across from 1055 Washington, a 181,800-sf building that Green...
By Jeff Mordock, Commercial Real Estate Direct Staff WriterThe buzz is that Sun Microsystems has found a buyer for its 805,000-square-foot office and industrial complex in the Boston suburb of Burlington, Mass.The property is said to be selling...
GE Real Estate has provided $69.5 million of fixed-rate financing to Atherton-Newport, allowing the Irvine, Calif., investor to refinance five apartment properties with 791 units it owns in the Seattle area.The financing was originated under GE's flexible fixed-rate...
Feldman Mall Properties Inc., which owns seven regional malls with 7 million square feet, is exploring strategic alternatives, which could result in the sale of the Great Neck, N.Y., REIT.The company, run by developer Larry Feldman, went public...
Verizon has agreed to sell a portfolio of 25 office and industrial properties with 2.3 million square feet to a venture controlled by GHP Office Realty of White Plains, N.Y., and Benereofe Properties of Purchase, N.Y.The telecom giant...
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