Search Results: hff
TGM Buys Two-Property M-F Community in Chicago Area for $101M
New York-based multi-family investor TGM Associates has purchased TGM Willowbrook, a two- and three-story garden property, totaling 712 units in 76 buildings, located in Willowbrook, Ill., for $101 million.
Clarion Partners Sells SF Office Tower for $100M
Clarion Partners has completed the sale of 100 Spear St., a Class A, LEED Gold office tower in the heart of San Francisco’s Central Business District for $100 million.
Creative Office Building in Santa Monica Secures Refinancing Deal as Silicon Beach Concept Gains Traction
2700 Pennsylvania Avenue is a 62,000-square foot creative office building that will benefit from its proximity to the upcoming Bergamot Station on the Expo Light Rail line, when it opens in 2015. The building has a 100 percent occupancy rate with its two lease holders being popular names Yahoo! and Jakks Pacific. HFF secured a seven-year, fixed-rate loan through Principal Real Estate Investors on behalf of Welk and The Luzzatto Company through its debt placement team led by Director Chris Vittetoe and Real Estate Analyst Steven Paskhover. Continue reading →
Morgan Properties and Dune Buy Glen Burnie’s 796-Unit Chesapeake Glen Apartments
Morgan Properties of King of Prussia, Pa., and Dune Real Estate Partners LP of New York have teamed up to acquire the Chesapeake Glen Apartments community in Glen Burnie, Md., from Equity Residential. The cost of the transaction has not yet been disclosed. HFF represented the seller.
High-Profile I.M. Pei Apartment Community Slated for Renovation
One of Pittsburgh’s iconic residential towers, the 24-story Washington Plaza Apartments, is set to undergo a series of upgrades this year. According to the Pittsburgh Business Times, Faros Properties LLC has hired Perkins Eastman of New York to remodel the property’s lobby, business center, fitness center and swimming pool. Improvements are also planned for the kitchen and bathroom(s) of each unit.
Built in 1964 and designed by I.M. Pei and Partners, the 388-unit high-end apartment complex is located at 1420 Centre Avenue, just west of the city’s downtown. The property includes studios, as well as one- and two-bedroom residences, with monthly rents going from $1,000 to more than $2,000. The complex offers approximately 400 parking spaces, 291 storage units, a 24/7 concierge service, controlled access and valet parking, as well as tennis courts, volleyball courts and BBQ picnic areas. There is also a retail portion on the ground floor, with a bar & grill, massage spa, dentist and hair salon.
Pierce Education, Core Properties Buy 1,692-Bed Student Housing Complex in NC
In a joint venture, Pierce Education Properties and Core Properties have just enhanced their portfolio with the addition of North Campus Crossing, a premier off-campus housing community near Eastern Carolina University in Greenville, N.C.
Wewatta & Wynkoop Refinance Two Denver Office Buildings for $74M
Wewatta & Wynkoop, a GE Asset Management and Crestone Partners managed entity, has secured a $74 million loan to refinance 1400 Wewatta and 1401 Wynkoop, two Class A contiguous office buildings totaling approximately 300,000 square feet in downtown Denver.
Hampshire Properties Sells 450 KSF LIC Office Building for $85M
A venture composed of affiliates of Madison Marquette and certain funds within the Perella Weinberg Partners’ Asset-Based Value strategy has purchased the Center Building, an eight-story, 450,000-square-foot office building in the Long Island City neighborhood of Queens, New York, for $85 million.
$95M Financing in Place for 465 KSF Office Portfolio Near Princeton, NJ
RXR Realty, with the assistance of HFF, has just landed the funds for the refinancing of a four-building group of office properties in West Windsor, N.J.
Win Properties Refinances 56-Property National Retail Portfolio
Win Properties has refinanced a 56-retail property portfolio with ING Investment Management for $63 million.