Mid-Atlantic
Refi Alert: $56M for Honolulu Multi-Family, $47.5M for Renaissance Raleigh
Lenders are slowly becoming less shy about doling out financing loans, and the Oasis at Waipahu apartment community near Honolulu and the Renaissance Raleigh North Hills Hotel in Raleigh, N.C., have garnered an aggregate $103.5 million.
Cole Grabs 11 PetSmart Properties for $74M
After purchasing the PetSmart headquarters in Phoenix last week for $102 million, Cole Real Estate has added 11 PetSmart store properties to its portfolio for a purchase price of $74 million.
HFF Orchestrates $44M for MF Projects in Raleigh, NYC Suburbs
The lending community’s interest in financing development projects is evident, and HFF has just orchestrated $44 million in financing for multi-family projects in Raleigh, N.C., and the suburbs of New York City.
East Coast Braces for a Hurricane Hit
The week started with an earthquake and it’s ending with a hurricane, as Irene nears the East Coast in what could potentially be the strongest storm in the last two decades.
Dealing with an Earthquake’s Aftermath
The 5.9 shock that registered on the East Coast yesterday thankfully saw no injuries but served as a call to review precautionary measures for real estate and for infrastructure.
New Boston Fund Promotes from Within to Advance Growth Strategy
New Boston Fund is making moves to increase its presence in key markets in the Northeast, Mid-Atlantic and Southeast, and CFO and COO Tim Medlock has just been appointed to the position of president.
Colliers Continues National Expansion with Addition of Pittsburgh Commercial Real Estate
In yet another step forward in the execution of its growth strategy, Colliers International has brought Pittsburgh Commercial Real Estate Inc. into the fold to enhance both its reach and its portfolio of services.
Tryko Acquires Baltimore Multi-Family Asset
Private equity real estate group Tryko Partners has purchased Loch Raven Village, a 495-unit rental community in the city’s Towson neighborhood. Loch Raven is one of Maryland’s largest residential developments.
D.C.’s Iconic National Press Building Trades for $167.5M
In a partnership with affiliates of AEW Capital Management L.P., Quadrangle Development Corp. has purchased the storied 420,000-square-foot property in the East End submarket of Washington, D.C.
HFF Arranges Refinancing for D.C. Multi-Family Property
Holliday Fenoglio Fowler L.P. nailed down an $80.5 million loan for Allegro Residences, a 297-unit, Class A mult-housing community in Washington, D.C.