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Berkadia Funds $1.5B M-F Portfolio in Baltimore-D.C. Area
Berkadia Commercial Mortgage has closed a $1.5 billion loan portfolio through Freddie Mac for Southern Management Corp.
AIMCO Breaks Ground on $140M M-F Redevelopment in LA’s Trendy Venice Neighborhood
Lincoln Place, the largest garden-style apartment complex in the Los Angeles beach community of Venice, is about to get the facelift of a lifetime.
Wells Core REIT Acquires 584 KSF Office Center in Atlanta
Wells Core Office Income REIT has acquired a two-building office and data center in the Central Perimeter submarket of Atlanta from Rubenstein Partners for $119 million. It was Atlanta’s biggest lease of 2012.
Tishman Speyer Snags 575 KSF Office Lease with French Government
Two French government agencies have signed a lease with Tishman Speyer for the entire 575,000-square-foot, 36-story Tour Esplanade office high-rise in the La Defense district just west of Paris.
Drexel University Signs 185 KSF Lease in Philly
In downtown Philadelphia’s largest office expansion deal of 2012, Drexel University has graduated from 67,000 square feet to 186,000 square feet at Three Parkway.
Related Breaks Ground on $120M Downtown LA Project
Related California has broken ground on a $120 million, 19-story, 271-unit apartment building in downtown Los Angeles’ Grand Avenue Project.
JV Picks Up 1 MSF Chicago Office Tower in $350M Sale-Leaseback
In what’s being touted by industry leaders as Chicago’s largest office sale in 2012, the 1 million-square-foot office building at 540 W. Madison St. came under new ownership in a $350 million sale-leaseback transaction.
Clarion Completes Sale of Waterside Shops in Florida for $155M
Clarion Partners has completed the disposition of a 50 percent interest in Waterside Shops, a luxury retail destination in Naples, Fla., on behalf of the Oregon Public Employees Retirement Fund for approximately $155 million, less assumed debt.
Dermot Sells 14-Building Portfolio in NY for $191M
Dermot Property Associates has sold a 14-building portfolio in New York City consisting of 861 apartments and 41 retail units for $191 million.
RADCO Cos. Purchases Seven Georgia-Based M-F Properties in Two Weeks
The RADCO Cos. spent a total of $56 million on seven multi-family communities in Georgia in the closing days of 2012, adding 3,000 units to its portfolio.