Mid-Atlantic
Prudential Mortgage Capital Provides $200M Loan for Refinancing of Jersey City’s Newport Tower
Prudential Mortgage Capital administered a loan to Bentall Kennedy to fund the purchase of Newport Tower in Jersey City, N.J.
Manhattan’s Peter Cooper Village/Stuyvesant Town Under New Management
CompassRock is coming to the rescue of Peter Cooper Village and Stuyvesant Town and taking over the apartment complexes, effective today.
First Potomac Sells DC Office Development JV Interest for $43.7M
First Potomac Realty Trust has sold its 95 percent interest in 1200 17th St. to a Japanese buyer acting through its American subsidiary.
DC-Focused, Union-Supported Fund Launches with $35M Initial Closing
A new real estate investment fund, which targets development projects in the Washington-Baltimore area, has raised its initial $35 million from institutional investors — union workers.
IndCor Secures 343,500-SF Expansion Lease in NJ Industrial Property
IndCor purchased an industrial facility last year and now has secured a lease from Argix to occupy the building’s entire space.
JLL Completes 96,350-SF Deal for Perry Ellis in 1120 Avenue of the Americas
Perry Ellis will lease a Class A space in New York City’s famous 1120 Avenue of the Americas building to give the designer label more open space for its menswear collection.
Pantzer Grabs M-F High-Rise in Metro D.C. for $168M
Panzter Properties has bought an 891-unit high-rise complex in Silver Spring, Md., for $168 million.
Beech Street Closes $371M Loan Package for 5,517-Unit M-F Portfolio
Beech Street Capital Inc. has provided the funding for the recapitalization of a 5,517-unit apartment portfolio in Maryland.
Boston Properties Partners on $385M Virginia Complex
Boston Properties entered into a joint venture to own and operate the Fountain Square complex in the heart of Reston Town Center, a preferred area for office development. The REIT contributed $87 million for half the stake in the properties.
Cassidy Turley Picks Up 14 MSF Outsourcing Assignment from SunTrust Banks
Cassidy Turley’s responsibilities have just grown by 14 million square feet in one fell swoop, courtesy of SunTrust Banks Inc.