Mid-Atlantic
AvalonBay Sells 268-Unit Apartment Community in Danbury, Conn., for $53M
Fifteen years after developing Avalon Valley, a 268-unit apartment property in Danbury, Conn., AvalonBay Communities has sold the asset to Ergs Konover/Outlook Holdings for $53 million.
Harrison Street Awards C&W 1.5 MSF, $500M Med Office Portfolio
Harrison Street Real Estate Capital has chosen Cushman & Wakefield as the exclusive property management contract for its $500 million¸1.5 million-square-foot medical office portfolio.
Skanska to Build Research Center for University of Connecticut for $88M
Skanska USA has been tapped by the University of Connecticut to erect the educational institution’s new 115,000-square-foot Innovation Partnership Building research facility on the campus in Storrs, Conn.
Senior Housing Properties to Buy 2 Biotech Buildings in Boston for $1.1B
Senior Housing Properties Trust has agreed to buy two 15-story biotech medical office buildings, which include a connected three-level, 740-stall, below-grade parking garage, located in Boston’s premier Seaport District for a purchase price of $1.1 billion.
$120M in Financing Secured for Redevelopment of 662 KSF M-U Complex in Baltimore
The Rotunda, a 217,000-square-foot office and retail complex in Baltimore, is well on the way to being transformed into a premier 662,000-square-foot mixed-use destination, courtesy of a $120 million construction financing deal.
Metzler RE Sells 305 KSF Corporate Center in Wilmington, Del., for $62M
It’s been nine years since Metzler Real Estate acquired the Bellevue Park Corporate Center in Wilmington, Del., and now the company has sold the 305,000-square-foot complex to The Buccini/Pollin Group in a $62 million transaction.
Griffin Capital Gets $111M Refi for 5-Property Portfolio
Griffin Capital Corp. and five single-purpose borrowing entities, wholly owned by the operating partnership of Griffin Capital Essential Asset REIT, have completed a $111 million refinancing of a five-property, 889,800-square-foot office and industrial portfolio.
Simon Purchases Two Taubman Properties
Simon Property Group has acquired land in Syosset, N.Y., and a 50 percent interest in Arizona Mills in Tempe from the Taubman Centers for $60 million and 555,150 partnership units in Simon Property Group L.P.
Seller Finances Heitman JV’s Purchase of DC Office Building
A joint venture of Minshall Stewart Properties and an affiliate of Heitman L.L.C. secured the financing from Lone Star Funds to acquire 1401 New York Ave., N.W., in Washington, D.C.
Achieving Security: Are Mall Owners Doing Enough?
As the investigation into the deadly weekend shooting at The Mall in Columbia in suburban Maryland continues, security experts and property owners and managers are once again trying to determine if they are providing enough security for the public and whether or not changes need to be made.