PCCP JV to develop 412-unit property in Northern Virginia

by Released | Sep 4, 2019

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 provides $5.4m loan for Texas multifamily complex

by Released | Sep 4, 2019

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 hires Robert Braun as vice president of self-storage asset management

by Released | Sep 4, 2019

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

Office Properties Income Trust sells four properties for $223m

by Released | Sep 4, 2019

Office Properties Income Trust has sold four properties for an aggregate sales price of $223.2 million, excluding closing costs.

TerraCap Management sells office complex for $45m

by Released | Sep 4, 2019

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 pays $95.6m for land in Sunnyvale, Calif.

by Kali Persall | Sep 4, 2019

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.

Trammell Crow and Legacy Partners complete project in Oakland, Calif.

by Released | Sep 4, 2019

Legacy Partners and its partner Trammell Crow have completed the development of the Alexan Webster in Oakland’s Uptown neighborhood near Lake Merritt.

WashREIT sells three Maryland retail centers

by Andrea Zander | Sep 4, 2019

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.<

Realty Income to acquire 454 properties for $1.25b

by Andrea Zander | Sep 4, 2019

Realty Income Corp. has acquired 454 single-tenant retail properties from CIM Real Estate Finance Trust for $1.25 billion.

Construction starts on Embassy Suites Hotel in Northern Florida

by Andrea Zander | Sep 3, 2019

The St. Joe Co. and Key International has started the construction of a 255-room Embassy Suites hotel in the Pier Park area of Panama City Beach, Fla.

Terreno Realty Corp. acquires property in Brooklyn for $80m

by Released | Sep 3, 2019

Terreno Realty Corp. has acquired an industrial property located in Brooklyn, N.Y., for a purchase price of approximately $80.5 million.

FCP enters Jacksonville market with $29m acquisition

by Released | Sep 3, 2019

FCP has paid $29.1 million for Townsend Apartments, a 396-unit garden apartment community on Townsend Boulevard in Jacksonville, Fla.

Trinity Investments and Elliott acquire largest resort in Phoenix

by Released | Sep 3, 2019

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.

IPC sells Chicago apartment property for $15.24m

by Released | Sep 3, 2019

Inland Private Capital Corporation (IPC) has sold a 59-unit apartment property in Chicago for $15.24 million on behalf of Chicagoland Multifamily DST.

TA Realty sells logistics portfolio for $1.04b

by Released | Sep 3, 2019

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.

Secondary multifamily markets continue to crack into the top 10

by Andrea Zander | Sep 3, 2019

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.

Healthcare real estate investment surges

by Andrea Zander | Sep 3, 2019

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 provides $692m in financing for Extell’s One Manhattan Square

by Kali Persall | Aug 30, 2019

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.

Tourism enjoys continued growth, generating $5b per day

by Released | Aug 30, 2019

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.

Avison Young releases global office market report

by Andrea Zander | Aug 30, 2019

Avison Young has released its second quarter global office market report.

Beacon Capital Group secures $309m to refinance 575 Fifth Ave. office condo

by Kali Persall | Aug 30, 2019

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 investor acquisitions totals $21.3b in H1 2019

by Andrea Zander | Aug 30, 2019

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.

Net-lease investment volume increases to $20.6b

by Andrea Zander | Aug 30, 2019

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 buys 184 acres, plans logistics center in Colorado

by Released | Aug 30, 2019

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.

The Ritz-Carlton Residences in Miami Beach receives TCO

by Released | Aug 29, 2019

Lionheart Capital has received TCO approval at The Ritz-Carlton Residences, Miami Beach.