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RANCHO CUCAMONGA, CA-The 358-unit, 44-building Jamboree Apartments was only 50% occupied when owners locked the interest rate. Four months later, occupancy hits 90%. Park Heights Apartments in San Bernardino sells at a 6.9% capitalization rate.
GREENBELT, MD-Patriot West, the 84,000-sf office structure presently under development at the Patriot Business Park at Golden Triangle, gets a pre-leasing commitment from the Bozzuto Group to occupy 80% of the building.
DEERFIELD BEACH, FL-Fidelity Federal Bank & Trust, based in West Palm Beach, and Builders Bank, based in Chicago, jointly provided the financing to Waterbrook II Inc. for the 81-unit project One Ocean Boulevard to be developed here.
Untitled DocumentFor the typical corporate real estate client, the task of managing a service-provider relationship can be overwhelming. Many CRE managers…
WEYMOUTH, MA-Bates Investment Trust sells the Weymouth Office Park at 541-555 Columbian St. in South Weymouth to F. P. Giglio Enterprises, a real estate investment company, for $1.6 million.
LONDON-Alchemy has put a pounds 250 million ($315.5 million) price tag on its portfolio of hotels and instructed Jones Lang LaSalle Hotels to sell them.
PORTLAND-MulvannyG2 Architecture of Bellevue, WA leases two-thirds of the Downtown office building's 12th floor, which has been vacant for more than a year. The lease brings the building's occupancy to 97%.
PHOENIX-SRP Property pays $5.3 million for the 165-unit Desert Sunrise Apartments to a Denver seller who shaved $400,000 off the price to get to the closing table. The new owner hires a local management company for an aggressive leasing strategy.
DALLAS-Tuesday morning, Michael H. Anderson and his top-branded hotel team will begin a full-court push to get a convention center hotel RFP into the market. The local investor and his Cincinnati partner are primed for the chase.
CRANBURY, NJ-In the region's latest big box industrial deal, LaJobi Industries is the new tenant at a recently completed Keystone property. Sheldon Gross Realty put the transaction together.