Barbra Murray
Freddie Mac Closes $195M M-F Bulk Loan Sale
Freddie Mac has wrapped up its first multi-family bulk loan disposition, selling 27 performing mortgage loans with a total unpaid principal balance of $195 million.
Homewood Suites Opens New Hotel in Downtown Dallas
In Dallas, an office building that once housed United Fidelity Life Insurance has just opened its doors as Homewood Suites by Hilton Dallas Downtown.
ARC Buys Southeast Assisted Living Portfolio for $143M
American Realty Capital has shelled out $143 million on the acquisition of a nine-property assisted living portfolio from Prudential Real Estate Investors.
TCN Worldwide Expands into Hong Kong
TCN Worldwide has entered the Hong Kong market by bringing OfficeAsia into the fold as one of its member firms.
Dune, Penzance JV Acquires 188 KSF Office Building in DC for $64M
Federal Capital Partners and Penzance have sold the office building at 1101 Connecticut Ave. NW, in Washington, D.C. to a new joint venture, well, half-new. Penzance teamed up with Dune Real Estate Partners to acquire the downtown asset for $64 million.
Waldorf Astoria Naples Trades for $200M
The Waldorf Astoria Naples has come under new ownership in a transaction valued at approximately $200 million. An affiliate of Blackstone sold the 474-room luxury resort hotel and the 18-hole Naples Grande Golf Course to an affiliate of Northwood Investors.
Citi, Simone Provide NMTC Financing for Metro Center Atrium in the Bronx
Simone and Citi Community Capital, acting in partnership with Monge Capital, provided New Markets Tax Credit financing for the construction of the 370,000-square-foot project which, as home to many healthcare and social services providers, will help fill the gap in medical services in the area.
Landesbank Provides $110M for Queens, NY M-F Project
Landesbank is providing construction financing for a new luxury multi-family tower scheduled to go up in Long Island City in the New York City borough of Queens.
Serco Sets Up Shop with 90 KSF Office Lease in Suburban St. Louis
Serco, armed with a $1.2 billion government contract to provide processing services for the implementation of the Patient Protection and Affordable Care Act, recently signed a five-year lease in the suburban St. Louis building that formerly housed the headquarters of the now-defunct vehicle contracts seller U.S. Fidelis.
C&W, McCuen Form Property Management Partnership in Sacramento Area
Cushman & Wakefield has formed a strategic partnership with McCuen Properties, a leading real estate services firm in the area, to supply a comprehensive menu of property management offerings.