News
Vantage, Angelo Gordon Pick Up AIG’s Jersey MF Portfolio for $241.5M
Vantage Properties L.L.C. and Angelo, Gordon & Co. have established a major presence in the New Jersey apartment market, grabbing 2,200 rental units with a $241.5 million acquisition of AIG’s six-property central New Jersey multi-family portfolio.
Skye Condominiums and Rooster’s Wood-Fired Kitchen to Refresh Uptown Charlotte
By Amalia Otet, Associate Editor
Small Brothers LLC, a real estate investment, development and management company headquartered in Naples, Fla., is bringing Skye Condominiums into the spotlight once again as its newest mixed-use uptown redevelopment, expected to be completed by fall […]
Economy Watch: Employment Disappointing, Possible Fannie and Freddie Merger, Debt Ceiling Looms
The Bureau of Labor Statistics reported on Friday that the U.S. economy produced a piddling 18,000 jobs in June. That’s a lot worse than expected, even worse than the miserable May total of 54,000.
JLL Leases 163,000 SF to Pegasystems in Cambridge
Call it a case of keeping up with your own growth. To serve its need for increased office space, Pegasystems has signed a long-term lease with JLL for 163,000 square feet of class-A space in Cambridge, MA.
Mixed-Use Property Trades; H Street Reconstruction Project Reaches Completion
By Veronica Grecu, Associate Editor
UDR Inc. made headlines last week with the purchase of View 14, a mixed-use property located at 2303 14th St., N.W., in the Uptown submarket of Washington, D.C. The big national REIT paid a historic $104 million, […]
Tampa Apartment Complexes Snag New Owners
By Georgiana Mihaila, Associate Editor
Buyers are snapping up apartment complexes in Tampa, finding opportunity among top-level housing and lender-owned properties.
Trading hands for the second time in the past year was The Estates at Tuscany Ridge. Seller Blue Granite Partners L.L.C. […]
Gables Residential, Archstone Build New Luxury Apartments
By Georgiana Mihaila, Associate Editor
Marking their second joint venture development in the Houston market, Gables Residential and Northwestern Mutual began construction on Gables Post Oak. The Class A-plus apartment community is located in the Uptown area of Houston, at Post […]
$372M in Financing for 1285 Avenue of the Americas
The 1.7 million-square-foot tower at 1285 Avenue of the Americas has been refinanced for $372 million, courtesy of a deal by HFF.
Cole Nabs Six Properties in Two-Day, $119.6M Buying Spree
On Tuesday, Cole nabbed three Florida shopping centers totaling $48.5 million, followed by Wednesday’s inking of a $71.1 million deal for an office complex, industrial food-distribution space and a healthcare facility.
CBRE Closes First Phase of $940M Purchase of ING’s Securities, Management Businesses
The first phase of CB Richard Ellis Group Inc.’s deal to acquire ING Group N.V.’s real estate securities business and its investment management operations, for a combined sum of $940 million, has closed.