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The purchase increases Preferred’s multifamily portfolio to 33 multifamily communities across 10 states. The company financed the acquisition utilizing a non-recourse first mortgage loan from MetLife Investment Management on behalf of a client.
With this demand in mind, Lake Washington Partners entered the Southend submarket, which has a different price point compared to the suburban Bellevue submarket along with high-quality labor.
Lincoln Rackhouse and Principal Real Estate Investors have sold a 191,000-square-foot data center, 100% leased to a global data center services provider.
Celebrating its 30th anniversary in 2019, the CREW Network has commemorated the milestone throughout the year and GlobeSt.com looks forward to this year’s convention, which will celebrate the network’s past and hear more about the brand’s future.
Alexandria Real Estate Equities and TMG Partners recently bought the vacant property at 945 Market St. and future plans were undisclosed but Alexandria says it looks forward to securing a mixed-use project with a strong retail presence.