News
Lexerd Buys 354-Unit Foxfire Apartments in Durham; Berkshire Group Breaks Record with $76.8M Apt. Purchase from Crescent Communities
Private Equity Firm Lexerd Capital Management LLC has announced the purchase of Foxfire Apartments, a 354-unit apartment community in Durham, NC.
Starwood Opens 300-Key Le Méridien Charlotte in Former Blake Hotel
Charlotte has welcomed the city’s first Le Méridien, with the opening of the 300-key Le Méridien Charlotte at 555 South McDowell Street, in the North Tower of the former Blake Hotel.
INTERNATIONAL: IMMOFINANZ Breaks Ground on Office Development in Bucharest
IMMOFINANZ Group has started site work on the Metroffice, a new office development project in the heart of the Romanian capital.
Federal Partners Closes on 400 KSF Northern Virginia Office Complex
Federal Partners, a co-investment joint venture with Spaulding & Slye Investments and the California State Teachers Retirement System, has added 400,000 square feet of suburban Washington, D.C., office space to its portfolio with the acquisition of Liberty Center.
Broad Street Development JV Buys M-F Portfolio Throughout Manhattan
A joint venture between Broad Street Development and Crow Holdings has acquired a two-property residential portfolio located between Manhattan’s SoHo and NoHo neighborhoods for $178 million.
Senior Housing Properties to Purchase 38 Senior Living Communities
Senior Housing Properties Trust has agreed to buy 38 senior-living communities for $790 million from CNL Lifestyle Properties, including assumption of debt.
Cousins Secures 230 KSF Lease; Chambers Street Cashes In $26M for Sam Houston Crossing IInc.
By Eliza Theiss, Associate Editor Fully integrated, self-administered and self-managed REIT Cousins Properties Inc. has secured a 230,000-square-foot lease extension at Post Oak Central. Tenant Stewart Information Services Corp.’s contract was set to expire in September 2016. It has now been expanded until September 2019. The deal put Cousins’ 5.6 million-square-foot Houston portfolio at 96 […]
CBRE Global Investors Funds 631-Unit Apartment Community in Metro Area
The Residences at Springfield Station, a Class A apartment community in the Washington, D.C., metro area, is now under new ownership. A fund sponsored by CBRE Global Investors has recently acquired the property for an undisclosed price.
Economy Watch: Economic Growth, Single-Family Home Sales, Income, Unemployment Claims
Real U.S. gross domestic product increased at an annualized rate of 5 percent in the third quarter of 2014. Sales of new single-family houses nationwide dropped in November by 1.6 percent month over month. Americans’ personal income increased 0.4 percent in November compared with October. Initial unemployment claims decreased by 9,000 from the previous week.
