Bank to Market Fairfax County, Va., Apartment Complex
Washington PostA California bank plans to market for sale a Fairfax County, Va., apartment complex with 300-plus units it holds as real estate owned. Fremont Investment and Loan of Fremont, Calif., bought the property, Ridgeleigh at Van Dorn Metro,...
BofA Lends $483Mln for NY’s One Park
Bank of America provided $483 million of financing to a venture between Blackacre Institutional Capital Management and Murray Hill Properties for its $550 million purchase of the 924,501-square-foot office building at One Park Ave. in midtown Manhattan.The five-year financing is...
Equastone Purchases Atlanta’s Equitable Building
Equastone has purchased the Equitable Building, a 624,642-square-foot office building in downtown Atlanta. A purchase price was not disclosed, but a source familiar with the property said it traded for about $55 million.The La Jolla, Calif., firm purchased the...
Invesco Buying 1619 Broadway in Manhattan for $150Mln
New York PostInvesco Real Estate is acquiring 1619 Broadway in Manhattan for about $150 million from Murray Hill Properties and Westbrook Partners. The Murray Hill-Westbrook venture acquired the 162,000-square-foot office property known as the Brill Building in November for $89.1...
El Ad Properties Pays $1.2Bln for Vegas Hotel-Casino and 36-Acre Parcel
Las Vegas Review-Journal El Ad Properties, an Israeli real estate investment group, has paid $1.2 billion for the New Frontier casino and 36 vacant acres along the Strip in Las Vegas. Phil Ruffin, a Wichita, Kans., businessman who acquired...
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