Keith Loria
SL Green Sells London Asset for $100M
SL Green Realty Corp and its partner Westcore Properties have sold their shares in the Jersey Property Unit Trust, which owns a long-term leasehold interest in Procession House, a Class A office building in London to a U.K.-based property company for $100 million.
Renaissance Centro Breaks Ground on 360-Unit Apartment Community in Reston, Va.
Renaissance Centro has begun construction on Parc Reston, a planned 360-unit multi-family property in Reston, Va., which also features two penthouse levels with views to Tysons and the Blue Ridge Mountains.
Boston-Based Sibley Acquires 2 MSF Historic Rochester M-U Property
Sibley Redevelopment L.P., an affiliate of WinnDevelopment, the real estate development arm of WinnCompanies, acquired the Sibley Building, located in the central business district of downtown Rochester, N.Y.
Prudential Buys 220 KSF M-F High-Rise in DC
Holliday Fenoglio Fowler represented Federal Capital Partners in the sale of Allegro, a 297-unit, high-rise multi-housing community in Washington, D.C., to buyer Prudential Real Estate Investors, which acquired the asset on behalf of one of its client funds.
IPA Arranges $67M Student Housing Sale in Tucson
Institutional Property Advisors, a multi-family brokerage division of Marcus & Millichap, brokered the sale of The District on 5th Avenue, a new 208-unit student housing community located about one-half mile from the University of Arizona.
Hillwood, Brookfield JV Acquire Two 2 MSF Industrial Facilities Near Baltimore
Hillwood Investment Properties, in a JV with Brookfield Asset Management, acquired two Class A industrial facilities in the Baltimore market, totaling close to 2 million square feet.
Wood Partners Building Green Inspired M-F Complex in Colorado
Wood Partners, a national multi-family developer, has started construction on Alta Harvest Station Apartments, a planned 297-unit gated community in Broomfield, Col., which it hopes will achieve a LEED Silver rating by the U.S. Green Building Council.
Penn National Proposes Two Casinos in Iowa Totaling $327M
Penn National Gaming submitted two proposals for a new gaming and entertainment destination in Iowa’s Woodbury County to the Iowa Racing & Gaming Commission to possibly build its trademark Hollywood Casino.
Behringer Harvard Sells M-F Property in Fort Lauderdale Metro Area
Behringer Harvard has sold Parrot’s Landing, a 560-unit multi-family community situated on a 29-acre site in North Lauderdale, Fla., to a Toronto-based real estate investment company.
Stirling Capital Secures $70M Mortgage Refinance on Its Property Portfolio at Southern California Logistics Centre
Stirling Capital Investments has secured a $70 million refinance loan from Bank of America for the Southern California Logistics Centre, the 2,500-acre commercial and industrial complex in Victorville, Calif.