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LONDON-The Little Venice District is the best-performing residential market in London over the past decade, according to new research from Chesterton Residential.
SEATTLE-This investment firm, which recently closed on a $150-million facility with Fannie Mae to purchase multi-family projects during the next 18 months, has acquired a 321-unit complex in a Houston suburb.
PALM DESERT, CA-Cornerstone Developers obtains the capital infusion from Biltmore Communities Inc. for the acquisition of 238 acres, which will be platted for commercial space, apartments and single-family homes.
BLOOMFIELD, MI-The new medical building for pets matches human hospital design, and will include surgical facilities, a medical laboratory, an animal blood bank, patient exam rooms and offices. Approximately half of the new hospital's site lies in Bloomfield Hills, while the other half is in Pontiac.
PHILADELPHIA-The locally based private investment firm sells its eight-state portfolio of American Education Centers to Pittsburgh, PA-based Education Management Corp. for $112.5 million in cash and assumption of $3.5 million in debt. Approximately 5,800 students are enrolled at AEC campuses.
TIMONIUM, MD-Omega Healthcare Investors Inc., a leading long-term care property REIT, seals the deal on a $225 million senior secured credit facility. The four-year arrangement includes $125 million in loan funds and a $100 million credit line.
DALLAS-The one-time Dallas-based operator wins the judgment for lost revenue and expenses incurred from April 2000 tornadoes that forced the casino to open at the peak of the December holiday season. No one's making a bet if the insurer will appeal.
PHILADELPHIA-Aramark's seniors program, which prepares and delivers 15,000 hot meals a week, is relocating from the suburbs to a new 10,800-sf facility at 1602-44 N. American St. The location qualifies for federal, state and local financing and tax incentives.
DANVERS, MA-ESRI takes advantage of the current tenants market in this area and relocates its regional headquarters to 14,458 sf in One Corporate Place at 55 Ferncroft Dr. The developer of GIS software will use the space as its regional headquarters.
SAN DIEGO-The agreement grants One America exclusive negotiating rights with the Centre City Development Corp. for 300 days to explore options for a downtown parcel.