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SALT LAKE CITY-As expanded mass transit comes online in the form of additional commuter rail and TRAX options, Commerce Real Estate Solutions anticipates more office development and expansion activity at key TODs.
KIRKLAND, WA-An Archstone sponsored partnership buys the 131-unit Carillon Heights here for $47.5 million, while another partnership buys a 192-unit community in Silicon Valley, CA for $63.2 million.
CENTURY CITY, CA-GlobeSt.com chats more with locally based Tony Natsis, a partner at Allen Matkins, about investment opportunities in 2012, where the deals are, who are the players, and liquidity in the marketplace.
LOS ANGELES-L’Abri Management Inc., the borrower, had some close timelines to pay attention to. One of the six properties faces a maturity deadline sooner than the others.
SEATTLE-An outside source tells GlobeSt.com that strong rent growth, in urban neighborhoods like this one, enables developers like Vulcan Real Estate to bring new, ground-up product to the market.
LAKEWOOD, WA-The two properties, built next door to each other, will provide more than 200 new rooms in an area that has traditionally been underserved by the hospitality industry in this week’s wrap up of deals.
SANTA ANA, CA-Grubb & Ellis intends to implement the transaction as an asset sale under Section 363 of the US Bankruptcy Code and expects business to continue without disruption as it completes the sale process.