Archive for March 2010
Premier Suburban D.C. Office Building Finds a New Owner in $122M Deal
AEW Capital Management L.P., acting on behalf of its open-end core fund AEW Core Property Trust (U.S.), has acquired Three Ballston Plaza, a premier 304,200-square-foot office property in Arlington, Va., just outside of Washington, D.C.
Read MoreBehringer Harvard Gets $150M Credit Line
Behringer Harvard said on Wednesday that it has closed a $150 million Freddie Mac credit facility for Behringer Harvard Multifamily REIT I, Inc.
Read MoreFreddie Launches Its Awaited Mezzanine Financing Program
Freddie Mac’s new mezzanine financing arrangement allowing mezzanine debt on qualifying senior multifamily mortgages (first mortgages) it purchases, has now officially been launched.
Read MoreWeight Watchers Brings Cassidy Turley to the Leasing Table
Real estate service provider Cassidy Turley has been named the exclusive U.S. real estate representative for New York-based Weight Watchers. Under the agreement, which was announced Wednesday, Cassidy Turley will also provide project management services to the firm.
Read MoreGlimcher Completes $320M JV with Blackstone
With the closing of a joint venture transaction valued at $320 million, Columbus, Ohio-headquartered Glimcher Realty Trust now shares ownership of two of its shopping malls with New York-based The Blackstone Group.
Read MoreNew Legislation Sparks Plan for $300M Hard Rock Casino in Atlantic City
By Barbra Murray, Contributing Editor
Forming a strategic alliance with New York-based private equity fund Och-Ziff Real Estate, Orlando-headquartered Hard Rock International is making a move to get in on the ground floor of new gaming opportunities that may ultimately arise from the introduction of new legislation in New Jersey this week.
Read MoreLong Wait for Growth May Be in Store, Linneman Tells NAI Global Forum
By Paul Rosta, Senior Editor
Prospects for the U.S. economy, public policy and commercial real estate industry drew a mixture of skepticism and cautious optimism in New York City this week at NAI Global’s annual market outlook.
Read MoreHealthcare Trust, Plaza Companies Join Forces on Phoenix MOB Portfolio
By Allison Landa, News Editor
Healthcare Trust of America and Plaza Companies are working together on more than 641,000 square feet of medical office buildings in the Phoenix metro area – a continuation of Healthcare Trust’s aggressive expansion efforts in Arizona.
Read MoreStan Johnson Adds Chicago Office
By Allison Landa, News Editor
In a continuing expansion initiative nationwide, real estate brokerage and advisory firm Stan Johnson Co. has opened a new regional office in Chicago.
Read MoreEconomy Watch: Case-Shiller Index Bumps Up Again
The latest S&P/Case-Shiller home price index, which tracks residential valuation in 20 major U.S. metro areas, saw a 0.3 percent uptick in January 2010, compared with the previous month. It was the eighth time in a row that the index inched upward, with 12 of the 20 areas registering gains for the month.
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