Commercial & Residential Property Blog

San Diego-Southern California-based Alcole Capital Group arranged $17.2 million for the refinance of a 262-unit multifamily property in San Diego.

It’s almost a done deal. Toronto, Ont.-based RioCan has waived due diligence conditions and firmed up a contract to acquire eight Texas shopping centers with Oak Brook, Ill.-based Inland Western Retail Real Estate Trust Inc. in an 80/20 joint venture agreement.

Denver–National marketing and technology firm Creativity for Rent has acquired online marketing consultancy Multifamily Edge, and combined the two companies to create Denver, Colo.-based Engrain. With the rebranding of the two entities as Engrain, the companies’ offerings will be deftly united under one new umbrella.

In Bellevue, Wash., the change in ownership of City Center Plaza, leased in its entirety to Microsoft’s Bing division, is turning heads. Phoenix-based Cole Real Estate Investments’ $310 million all-cash acquisition of the nearly 583,179-square-foot office property from Boston-based Beacon Capital Partners marks one of the largest commercial real estate transactions in the U.S. to date this year.

Newport Beach, Calif.-based KBS Realty Advisors’ KBS Real Estate Investment Trust II fund has acquired the Dallas Cowboys Distribution Facility in Irving, Tex.

Dallas–At Park 4200, a new 80-unit Dallas apartment property, general contractor Galaxy Builders Ltd. employed a construction method that saved project developer Throckmorton L.P. both money and time. Galaxy switched the conventional concrete for cold-formed steel (CFS) to build part of the project and it made all the financial difference.

The Carlyle Group, acting on behalf of its two-year-old Carlyle European Real Estate Partners III fund, has just snapped up a 1.6 million square-foot chunk of the Central London office market at the bargain price of $1 billion.

Newport Beach, Calif.–Lyon Communities is ready to receive residents at gallery421, the developer’s newly completed luxury apartment community in Long Beach, Calif., just outside of Los Angeles.

Demand for apartment properties is picking up again in Washington, D.C., and with CWCapital having just furnished Archstone with a $151 million construction loan via its FHA platform, there’s nothing standing in the way of the developer’s plan to commence construction of its 469-unit 1st & M project.

The demand for expensive vacation properties has no official gauge, but reports from places like the Hamptons on New York’s Long Island, Key West, Fla., and Martha’s Vineyard in Massachusetts were all similarly jubilant in the first quarter of this year.