Cities
ST Residential LLC Puts 326-unit Lex up for Sale
Chicago-based ST Residential LLC has hired brokers Holliday Fenoglio Fowler and Eastdil Secured to manage the sale of a 13-property portfolio, with an estimated value of close to $1 billion.
Health Care REIT Expands Portfolio
Ohio-based Health Care REIT Inc. has acquired a 192-unit senior housing development in Lake Barrington for $81.7 million from a joint venture between Senior Lifestyle Corp. and Walton Street Capital LLC,
Owners Looking to Charge Premiums for Bay Area Residential Complexes
By Alex Girda, Associate Editor San Francisco is living its own private residential boom, and investors are looking to cash in on the demand for mid-Market residences. The San Francisco Business Times reports that apartment developer Archstone is currently looking to offload one of its larger Bay Area properties in the hopes of getting a […]
Construction Begins on Oak Lawn Luxury Apartment Community
Addison-based Behringer Harvard has begun construction on a new luxury apartment community in the Oak Lawn/Uptown submarket of Dallas, at the intersection of Maple and Oak Lawn avenues. Trammell Crow Residential, the developer of the apartment community, partnered with Behringer Harvard on the acquisition.
Booming Residential Markets Ignite Portland, Seattle Multifamily Sales
By Alex Girda, Associate Editor Two residential properties recently traded hands in the Pacific Northwest, totaling $88 million and intensifying speculation that Seattle and Portland are both about to experience apartment booms. An improving business environment spurred by corporate residents such as Microsoft Corp. and Amazon.com combined with the larger notoriety major cities such as […]
Investcorp Affiliate to Acquire Durham Office Portfolio for $48.4M
by Adriana Pop, Associate Editor American Real Estate Partners of Herndon, Va. recently sold three class A office buildings at Keystone Park in Durham for $48.4 million. According to CityBizList Charlotte Raleigh, an affiliate of Investcorp of New York purchased the 285,874-square-foot portfolio at 430 Davis Drive, 530 Davis Drive and 630 Davis Drive. Paul […]
Chicago-based REIT Acquires 235-Bed Student Housing Property in St. Paul
By Gabriel Circiog, Associate Editor Chicago-based real estate investment firm Harrison Street Real Estate Capital has closed on a 235-bed student housing property dubbed Stadium Village Flats, the Minneapolis / St. Paul Business Journal reports. Situated at the University of Minnesota in St. Paul, the Stadium Village Flats were sold by the Opus Group. The […]
Forest City Enterprises Plans to Sell Remaining Land Holding in Central Station Development
By Gabriel Circiog, Associate Editor Cleveland-based Forest City Enterprises Inc. has signed a letter of intent to sell its remaining land holdings in the Central Station development, ChicagoRealEstateDaily.com reports. Located in the South Loop, the large-scale residential project has managed to transform the neighborhood before being hit by the condo crash. The developer has decided […]
Wood Partners to Begin Construction on New Apartment Building
By Alex Girda, Associate Editor Nationwide multifamily developer Wood Partners announced construction on its latest Seattle-area apartment building is set to begin. The company will develop a 27-story residential complex at 225 Cedar St. in Belltown. The dining- and entertainment-heavy district is a suitable venue for the multifamily project, which aims to attract workers in […]
Health Care REIT to Acquire Sunrise Senior Living for $845M
by Adriana Pop, Associate Editor Health Care REIT, Inc. has entered into a definitive agreement to acquire all of the outstanding common stock of Sunrise Senior Living, Inc., in an all cash transaction of approximately $845 million. The acquisition positions Health Care REIT among the largest owners of seniors housing in the world with over […]