Commercial Real Estate Direct Staff Report US Property Trust has paid $127.5 million, or $496.19/sf, for Burke Centre, a 256,958-square-foot retail property in the Washington, D.C., suburb of Burke, Va. The Los Angeles investor, which focuses on the retail sector ...
Signature at Reston, at 11850 Freedom Drive, was 94.3% occupied last year and generated an average monthly rent of $2,841/unit, up from $2,698 in 2023. The two-building complex includes 25,000 square feet of retail space. BXP carried it on its ...
Santander Bank provided $32.5 million of financing for the property's construction. Additional equity was provided by a U.S. affiliate of Kyushu Electric Power Co.
Commercial Observer A venture of Sterling Investors and Simpson Housing has purchased the 508-unit Signature at Reston apartment property in the Washington, D.C., suburb of Reston, Va., from BXP Inc. The venture is said to have paid about $240 million, ...
The 43,989-square-foot Crossroads Village Center in the northern Virginia town of Haymarket has been sold for $25.4 million, or $577.42/sf. A Vienna, Va., investor group, Atlantic Nation Management LLC, bought the property, at 15159 Washington St., some 38 miles from ...
Greystone provided a $28.9 million loan for the acquisition. Newmark arranged the five-year loan, which pays a 4.81% coupon.
Commercial Real Estate Direct Staff Report Citibank has provided $600 million of financing against eight apartment properties with 3,241 units in the Southeast and Midwest regions of the country owned by investment manager West Shore. The five-year financing, arranged by ...
Commercial Property Executive LaSalle Investment Management has bought AXIAL Gateway 95, a 505,068-square-foot industrial property in Colonial Heights, Va., for $70.5 million, or $139.59/sf. The Chicago company purchased the warehouse from Crescent Communities of Charlotte, N.C., in a deal brokered by ...
The 43,989-square-foot Crossroads Village Center in the northern Virginia town of Haymarket has been sold for $25.4 million, or $577.42/sf. A Vienna, Va., investor group, Atlantic Nation Management LLC, bought the property, at 15159 Washington St., some 38 miles from ...
Commercial Observer A venture of Conserve Holdings and Calibogue Capital has paid $45 million, or $200,892/unit, for the 224-unit Sphere apartment property in Richmond, Va. The venture acquired the property from MVP Equities of McLean, Va. Greystone provided a $28.9 ...
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