The Hanover Co. has created an equity joint venture with PCCP for The Hanover Company’s 412-unit apartment development with ground-floor retail in Northern Virginia’s Tysons Corner submarket.
Hunt Real Estate Capital (HREC) has provided a Fannie Mae conventional loan of $5.4 million to refinance a 72-unit multifamily property in Kenedy, Texas.
Inland Real Estate Investment Corporation, one of the nation’s largest sponsors of alternative public and private real estate securities, has appointed Robert Braun as vice president of self-storage asset management
TerraCap Management has sold Gateway Professional Center, a four-building, class A office complex totaling 246,941 square feet in Sarasota, Fla., for $45.2 million.
Google has paid $95.6 million for a 16-acre parcel in Sunnyvale, Calif., from NetAPP, a cloud services and data technology firm, according to media sources.
WashREIT has sold two regional retail properties totaling 522,100 square feet in the Washington, D.C., suburb of Frederick, Md., and a regionally dominant power center in the northern Maryland community of Hagerstown.<
A joint venture among funds managed by Trinity Real Estate Investments and funds managed by Elliott Management Corp. has acquired the JW Marriott Desert Ridge Resort & Spa, the largest resort in Phoenix.
TA Realty has sold an 8.3 million-square-foot, 96-property logistics portfolio for $1.04 billion in two separate transactions on behalf of one of its closed-end value-added funds.
Record absorption year-to-date catapulted Seattle-Tacoma (No. 1) to the top among apartment investment markets over the past six months as strong regional economic growth attracted more young heads of household with a high propensity to rent, according to IPAs 2019 Midyear Multifamily Investment Forecast.
Investment in healthcare real estate has risen dramatically in the last five years, with investors betting that medical facilities will be increasingly important to an aging population, according to JLL.
Blackstone has originated a $692 million financing package for Extell Development, to help fund the One Manhattan Square condominium tower located in Manhattan’s Lower East Side.
International tourist arrivals grew 5 percent in 2018, to reach the 1.4 billion mark, two years ahead of the World Tourism Organization’s long-term forecasts, according to the UNWTO International Tourism Highlights, 2019
Edition.
Beacon Capital Group has locked down $309 million to refinance the 50 percent stake it owns in a 50,000-square-foot office building in Midtown Manhattan.
Foreign investors sold more U.S. commercial real estate than they bought in the first half of the year, marking the first time since 2012 that they were net sellers.
U.S. net-lease investment volume increased by 33.8 percent to $20.6 billion in second quarter 2019 and by 17.2 percent in first half 2019 to $33.4 billion, according to CBRE.
NorthPoint Development has closed on 185 acres of land that will be part of the site for Stafford Logistics Center, a 350-acre, 4.4 million-square-foot industrial and mixed-use development in Aurora, Colo.