Northeast
PREI Purchases Commercial Area of 31-Story NYC High-Rise
Prudential Real Estate Investors has purchased the commercial portion of The Laurel, a 31-story, Class A mixed-use building on the Upper East Side.
Cushman: A Possible $200M for Luxury Tribeca Apartment
In a deal that’s been speculated to reach north of $200 million, developer/owner Africa-Israel USA has sold 88 Leonard St., a 352-unit mixed-used luxury rental building in New York City’s Tribeca district, to a Chicago-based investment firm.
Equity LifeStyle to Acquire 75 Manufactured Home Communities for $1.4B
Equity LifeStyle recently entered into an agreement to acquire 75 manufactured home communities, a single RV resort and certain manufactured homes and loans associated with the 75 communities for a whopping $1.4 billion from Hometown America L.L.C.
Senior Housing Trust to Spend $478M for Nine Seniors Communities
Senior Housing Properties Trust has agreed to purchase nine large senior-living communities for $478 million, including $164 million of assumed mortgage debt, across six states.
Weeks Robinson Grabs 600 KSF Suburban Baltimore Warehouse, Land for $19.1M
Weeks Robinson continues to capitalize on the distressed real estate marketplace with the acquisition of Trade Center 95, an industrial asset consisting of a vacant 600,000-square-foot warehouse and 32 acres of developable land, for $19.1 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.
Times Square Property Moves for $136M
If there’s one constant in Manhattan real estate, it’s that there’s always a deal going on. This week, it’s the news that 1552 Broadway in Times Square has changed hands for $136.6 million.
$78M in Refis for Beech Street Capital Across Three Deals
It’s been busy over at Beech Street Capital. In the last few days, the multi-family lender has closed three financing deals that total a combined price of $78 million.
$230M Acquisition Financing in Place for Boston’s Landmark Center
HFF has put in place a $230 million financing deal towards the $530.5 million purchase price of the mixed-use Landmark Center in Boston.