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MADISON, NJ-Jones Lang LaSalle's Capital Markets reports it has arranged $69.5 million in acquisition and what it terms “good news” financing for a partnership's acquisition of the 5 Giralda Farms office building here.
PARSIPPANY, NJ-NorthMarq Capital reports it has arranged a total of $6.25 million in financing transactions for the Hampshire Self Storage Portfolio for properties in Cherry Hill and Burlington and separately two multifamily properties in Hoboken.
JERSEY CITY-Mack-Cali Realty Corp. and joint venture partner Ironstate Development Company broke ground on Tuesday on a $291-million multifamily apartment tower on the waterfront here.
ANNAPOLIS, MD-Mayor Mike Pantelides says his administration is beginning to study the possible purchase of two controversial properties that have been the focus of significant development proposals.
BALTIMORE-The City Council on Monday granted preliminary approval to extend for two more years tax breaks for developers who rehabilitate historic properties here.
CHARLOTTE, NC-Locally-based Campus Crest Communities, Inc. reports it has sold four non-core student housing property assets to an undisclosed buyer for $50 million.
HOUSTON-After posting some of the strongest numbers in years in 2013, commercial brokerage firm CBRE says the Houston commercial real estate market should continue to grow in 2014.
PHILADELPHIA-Host Hotels & Resorts Inc. of Bethesda, MD reports it has sold an 89% stake in the city's largest hotel property—the Philadelphia Marriott Downtown—to Clearview Hotel Capital, LLC of Newport Beach, CA and funds managed by to Oaktree Capital Management LP of Dallas.