paid $76 million for a five-story office property at 1705 17th St. M&T Bank provided a $61.4 million loan for the multifamily and retail components and a $24 million loan for the senior affordable housing. * Duball LLC, Daiwa House Group and the Housing Opportunities Commission of Montgomery County intend to develop 250 market-rate multifamily units, 150 senior affordable residential units, 19,000 square feet of ground-level retail and over 600 parking spaces in an 18-story, $150 million development in downtown Rockville, Md., the Washington Business Journal reported. Blake Hornick of law firm Seyfarth Shaw LLP, for example, believes the current IPO environment for REITs is weaker than in previous years, the publication noted. Other industry experts disagree with the assessment. * Cedrik Lachance, director of REIT research at Green Street Advisors Inc., expects real estate investment trust IPOs to increase in 2019, albeit by a small amount, as a result of public REITs generally trading at the same value their private peers, National Real Estate Investor reported. is fully leased to the Federal Bureau of Investigation. division of U.K.-based 90 North Real Estate Partners LLP. Separately, reported that USAA paid $72.9 million to acquire a 175,155-square-foot office building in Denver from the U.S. * USAA Real Estate and Waterman Interests are looking to sell two office buildings encompassing more than 200,000 square feet in the Garment District neighborhood of New York City for $140 million, The Real Deal reported, citing marketing materials. The warehouse was sold by a partnership between the Fruchthandler and Schron families. in Brooklyn, N.Y., The Real Deal reported, citing property records. * Prime Storage paid $100 million for a 223,000-square-foot warehouse at 62 Imlay St. is facing an increase in criticism similar to that faced by Amazon, that wealthy businesses that can do without government assistance should pay their own way, according to the report. The e-commerce giant canceled its Long Island City plans in February. was expected to receive for setting up part of its second headquarters in the Long Island City neighborhood of Queens, N.Y. * Citing public records and a recent New School analysis, The New York Times reported that the Hudson Yards development in Manhattan has so far benefited from almost $6 billion in tax breaks and other government assistance, compared to the $3 billion that Inc. If the Rockefeller-owned Night Hotel, adjacent to the assemblage, is included in the sale, the total site could offer a buildable area of almost 420,000 square feet, the news outlet added. site, which includes five different properties and air rights, comprises roughly 360,000 square feet of development rights. is marketing an assemblage in Midtown Manhattan for roughly $250 million, unnamed sources told The Real Deal. on Manhattan, N.Y.'s Upper West Side, The Real Deal reported, citing an offering plan filed with the New York State Attorney General's office.Ĭenturion acquired the property for roughly $227 million in January. * Centurion Property Advisors is projecting a $403 million sellout for its 196-unit rental-to-condominium conversion project at 200-212 W.
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