Mid-Atlantic
Avison Young Picks Pittsburgh For U.S. Office No. 15
Canada’s largest independent commercial real estate services company has now opened seven U.S. offices in just the last three months and 15 altogether.
Savanna Sells $158M Senior Note Secured by D.C. Office Properties
Savanna wrapped up the sale to Apollo Global Real Estate of a majority interest in a $157.7 million note collateralized by a 1.4 million-square-foot office portfolio in Rosslyn, Va.
St. John Properties Acquires 1 MSF Pennsylvania Shopping Mall
St. John acquired a 1 million-square-foot distressed regional retail center in Harrisburg, Pa., from TD Bank, with plans to redevelop the mall.
Hull Storey Gibson Picks Up 434 KSF Retail Mall in Virginia
With an eye toward expanding its presence in the South, Hull Storey Gibson Cos. has just purchased Liberty Fair Mall in Martinsville, Va. The transaction adds 434,300 square feet to the retail property owner’s portfolio.
CPE's Top 11 in '11
Taken as a whole, 2011 was something of a tumultuous year, but an interesting time for commercial real estate. CPE presents our top 11 stories from 2011.
Bell Partners Purchases Three Apartment Communities for $76M
Bell Partners has purchased three communities, encompassing an aggregate 682 units and located in Florida, Texas and South Carolina, for approximately $76 million.
Impactful Women
Five remarkable women were awarded CREW Network’s 2011 Impact Awards. CPE offers videotaped insights and written profiles of these pioneers, negotiators and mediators — specializing in development, service and finance.
Washington is Top Investor Choice Again as Tough 2012 Looms: PwC/ULI Survey
Survey participants predict that 2012 will see more properties for sale but diminished buyer enthusiasm.
DDR Spends $85M for 2 Charlotte Retail Centers
Cotswold Village and Terraces at SouthPark, two retail destinations accounting for an aggregate 291,200 square feet, have traded for an aggregate $85 million from the books of Bell Partners onto those of DDR Corp.
Breaking News: Blackstone Purchases 36 Shopping Malls for $473M from Equity One
In a deal expected to close in the fourth quarter of this year, Blackstone Real Estate Partners VII has purchased 36 shopping centers from Equity One, Inc., for $473.1 million, including $177.4 million in mortgage debt.