Stonepeak Pays $83.13Mln for Las Vegas Seniors-Housing Property
Commercial Real Estate Direct Staff Report Stonepeak Partners has paid $83.13 million, or $494,821/unit, for the 168-unit MorningStar at The Canyons seniors-housing property in Las Vegas. The New York investment manager, which has $93 billion of assets under management,...
PNC Lends $92Mln for Washington, D.C., Apartments
Commercial Observer PNC Bank has provided $92 million of construction financing for a 299-unit apartment project in Washington, D.C. United Bank also participated in the five-year loan, which was arranged by Berkadia. The project benefits from a 20-year tax...
J.E. Richards Leases 935,000-SF Industrial Property in Stafford, Va.
Commercial Observer J.E. Richards has leased all 935,000 square feet at the recently constructed 211 Centreport Parkway industrial property in Stafford, Va. The Lanham, Md., commercial electrical contractor and manufacturer will make data-center components and other hardware at the...
Law Firm Expands to 478,000 SF at Manhattan’s 11 Times Square Office
Commercial Observer Proskauer Rose has expanded its footprint at 11 Times Square in Manhattan by about 60,000 square feet, bringing its total occupancy at the office property to roughly 478,000 sf. The law firm is adding floors 31 and...
Global Partners Leases 125,000 SF for Newton, Mass., Headquarters
Boston Business Journal Global Partners has leased 125,000 square feet of office space at 275 Grove St. in Newton, Mass., for its new headquarters. The fuel supplier and retail operator will occupy three floors at the property, relocating from...
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