Mid-Atlantic
PCCP Provides $98M Loan for Construction of 269-Unit M-F/ Retail Property in Suburban Boston
PCCP has emerged victorious in the bid to furnish Northland Investment Corp. with financing for the construction of Moody & Main, a new mixed-use multi-family property just outside of Boston.
Skidmore, Owings & Merrill to Lead Development of Philadelphia’s 30th Street Station Master Plan
Skidmore, Owings & Merrill, in association with Parsons Brinckerhoff, OLIN and HR&A Advisors, has been chosen to develop a comprehensive joint master plan for the area around Philadelphia’s 30th Street Station by Amtrak, Drexel University and Brandywine Realty Trust.
Starwood Hotels & Resorts Signs 430 KSF Lease for Global HQ in Stamford, Conn.
Starwood Hotels & Resorts Worldwide Inc. has signed a new 430,000-square-foot, 20-year lease for a planned expanded global headquarters at One StarPoint in Harbor Point.
Gaming and Leisure Buys Meadows Racetrack, Casino in Washington, Pennsylvania for $465M
Gaming and Leisure Properties, a REIT that spun off from Penn National Gaming late last year, has acquired The Meadows Racetrack and Casino in eastern Pennsylvania for $465 million from Las Vegas-based Cannery Casino Resorts.
Calvin Cafritz Lands $61M in Financing for 263-Unit Apartment Project in DC
With the assistance of commercial real estate services firm Cassidy Turley, Calvin Cafritz Enterprises has secured $61 million in financing for the development of 5333 Connecticut Ave., a 263-unit luxury apartment community in the Chevy Chase neighborhood of Washington, D.C.
Senior Housing Properties Buys Vertex Pharmaceuticals Global HQ in Boston for $1.1B
In the biggest deal in Boston so far this year, Senior Housing Properties Trust has acquired the Vertex Pharmaceuticals headquarters on Fan Pier in the Seaport District from The Fallon Co. and an institutional investor for $1.1 billion.
Washington REIT Acquires DC Office Building for $105M
Washington Real Estate Investment Trust has acquired 1775 Eye St., N.W., a 185,000-square-foot office building in Washington, D.C.’s Central Business District, for $104.5 million.
Federal Capital Partners, Roi-Tan JV Buys Historic Cigar Factory in Charleston, SC
The historic Cigar Factory building in Charleston, S.C., is destined for a major makeover now that joint venture partners Federal Capital Partners and Roi-Tan Investments have acquired the 245,000-square-foot office structure and announced plans for its $55 million transformation into a premier mixed-use office and retail property.
Concord Hospitality Sells 13-Hotel Portfolio for $240M
Concord Hospitality Enterprises has sold a portfolio of 13 premium-branded, select-service hotels to companies owned by a global investment fund for approximately $240 million in an all-cash transaction.
HFF Secures $165M in Financing for 2 MSF Retail Portfolio in Pennsylvania, Ohio
A 1.9 million-square-foot collection of four retail properties in metropolitan Pittsburgh and the greater Toledo region has reeled in $165 million in financing.