Barbra Murray
1 MSF Suburban New Orleans Office Property Changes Hands for $150M
Lakeway Center, a 1.2 million-square-foot office property in Metairie, La., just outside of New Orleans, has come under new ownership.
Chatham to Buy 178-Room Hyatt Place Pittsburgh/North Shore
Chatham Lodging Trust is about to enter Pittsburgh city limits. The hotel REIT just inked a deal to acquire the Hyatt Place Pittsburgh/North Shore from its developer, a joint venture involving Continental Cos. and Rockridge Capital.
Meridian Arranges $55M Refi of 5 Columbus Circle in NYC
Five Columbus Circle, the 225,700-square-foot office tower at 1790 Broadway in Manhattan, has been refinanced to the tune of $55 million.
U.S. Bank Provides $55M for Affordable Seniors Housing Project in LA
U.S. Bank has given a big helping hand in the addition of 165 new units to Los Angeles’ depleted affordable housing market.
Regency Properties Picks Up 170 KSF Shopping Center in Florida
Regency Properties increases the square footage of its Florida portfolio fivefold with the purchase of the 170,000-square-foot Oak Station Shopping Center in Marianna.
Federal Capital Partners Buys 240 KSF Durham Office Building in NC
Federal Capital Partners has acquired Erwin Square Plaza, a 238,800-square-foot office and retail building in downtown Durham, N.C.
JLL Secures $112M in Non-Recourse Financing for Office Complex in Suburban DC
With the assistance of Jones Lang LaSalle’s Capital Markets division, the California State Teachers Retirement System has landed $112 million in financing for Lincoln Place, a 503,800-square-foot office complex in Arlington, Va.
MAA, Colonial Properties Trust to Become One in $8.6B Merger
MAA and Colonial Properties Trust have made a multibillion-dollar pact that will change the rankings in the apartment REIT arena.
Natixis Provides $128M for Chetrit M-F Redevelopment Project in NYC
Natixis Real Estate Capital has come through for Chetrit Group once again. The direct lender recently provided Chetrit–along with partners Clipper Equity and Robert Wolf of Read Property Group–with a $128 million loan for the purchase and predevelopment of the former Cabrini Medical Center complex on E. 19th St., in Manhattan.
Summit Grabs Six Hotels in Deals Totaling $170M
During the period between the closing of its initial public offering in February 2011 and the end of 2012, Summit Hotel Properties Inc. amassed a portfolio of 24 properties, and with the recent purchase of six assets for an aggregate $170 million, there appears to be no end in sight to the company’s shopping spree.