Mid-Atlantic
SPECIAL REPORT: NYHC/NHC Speakers Warn of ‘Mounting Fears’ for Affordable Housing
There may be increasing concern about the prospects for affordable housing. Speakers at the New York Housing Conference (NYHC) and National Housing Conference’s (NHC) 39th Annual Awards program warned that the outcome of Capitol Hill fiscal negotiations may not be favorable to the industry’s production, preservation and investment programs.
HFF Closes $86M Sale of Orbital Sciences Campus in Sterling, Va.
Orbital Sciences Corp., a satellite manufacturer, has a new landlord at its global headquarters in northern Virginia. Select Income REIT has bought the Orbital Sciences Campus, a three-building Class A office campus in Sterling, Va., for $86 million.
Bainbridge, Swiss Firm Team on 574-Unit M-F Property Purchase in Suburban DC
The metropolitan Washington, D.C., apartment market has the kind of fundamentals that attract investors from all over, so it’s no surprise that affiliates of Bainbridge Companies found a partner in Switzerland’s Partners Group for the acquisition of the 574-unit Aventine of Alexandria in Alexandria, Va.
USAA, SJP Break Ground on 500 KSF NJ Waterfront Office Tower
It was no lazy Monday for SJP Properties and USAA Real Estate Co. yesterday. Along the Hudson River in Hoboken, N.J., the partners broke ground on Waterfront Corporate Center III, a 14-story mixed-use office tower that will yield 500,000 square feet of state-of-the-art space, 200,000 square feet of which have already been claimed.
CBRE Arranges $212M Financing for Clarion DC-Area Office Campus
CBRE Capital Markets has arranged $212 million in financing for Metro Park, a 37-acre, seven-building, 1 million-square-foot Class A office campus in Alexandria, Va.
Vornado Closes $707M Manhattan Retail Condo Purchase
The Manhattan retail market is on fire and Vornado just grabbed a coveted 114,000-square-foot piece of it.
Harbor Buys Chicago’s One South Wacker for $221M, Plans Upgrades
Affiliates of Harbor Group International, of Norfolk, Va., have acquired One South Wacker, a 40-story, 1.2 million-square-foot Class A office building in Chicago’s West Loop, for $221 million.
Cole Acquires Retail Center in Brooklyn, NY, for $124M
In one of its largest multi-tenant retail transactions of the year, Cole Real Estate Investments has acquired Canarsie Plaza, a 278,000-square-foot shopping center in the Canarsie section of Brooklyn.
Candlebrook, Angelo Gordon Buy Suburban Philly M-F Asset for $83M
Candlebrook Properties and Angelo, Gordon & Co. have snapped up Echelon Glen, an 884-unit apartment complex in Voorhees, N.J., roughly 15 miles outside of Philadelphia.
Chambers Street Properties Buys 801 KSF Warehouse in Greater Baltimore
Chambers Street Properties continues building up its industrial portfolio with the acquisition of an 801-square-foot Class A warehouse/distribution facility in a Baltimore suburb.