News

An affiliate of Ares Management issued the 5-year variable-rate loan to replace an original Wells Fargo construction loan facility.

The Phoenix-based firm reports it has acquired One Crescent Drive, which totals more than 76,000 square feet and the 80,050-square-foot 201 Rouse Boulevard office building from Liberty Property Trust.

The LINK Evanston features contemporary, open-concept apartments that include studio, one-, two- and three-bedroom floor plans ranging in size from 400 square feet to 1,100 square feet.

"There was great interest in this asset given its location and current use," Cruz said. "It's a rare opportunity to acquire a property with long-term flexibility and optionality that can support logistics, storage and other uses in the Metro park submarket."

Relocating from another Newark property, Project for Empty Space, a hub for multidisciplinary creative engagement, will have multiple galleries and exhibition areas, as well as amenitized studios at its new offices at 800 Broad St.

The River Parc Master Plan (Senior Campus Redevelopment) consists of three public housing developments—Robert King High, Haley Sofge and Martin Fine Villas, that feature a total of 800 units.

South Korean financial services firm Hana Financial Group approached MRC to provide the first mortgage loan alongside their $31.1 million mezzanine loan.

The REIT has obtained the Bank of America Tower at Legacy Union in Charlotte, NC; supporting its previously-announced market strategy.