Tag Archives: GlobeSt

BRE Buys 220-Unit Complex for $57M at 5% Cap Rate – GlobeSt.com

Posted on February 23, 2011 by admin

GlobeSt.com BRE Buys 220-Unit Complex for $57M at 5% Cap RateGlobeSt.comThe REIT says that the deal closed at a year-one stabilized cap rate of 5.1%. The property, at 24015 Copper Hill Dr., was built in 2009 and comprises 10 three-story, … Continue reading →

Posted in News | Tagged , , , , , , , , , | Leave a comment

Dodd-Frank Stands Out on Finance Council’s Radar – GlobeSt.com

Posted on February 16, 2011 by admin

GlobeSt.com Dodd-Frank Stands Out on Finance Council's RadarGlobeSt.comThe council is also making it a high priority to ensure that GSE reform supports the commercial real estate finance market and focuses on providing “a stable, counter-cyclical and affordable source of capital … Continue reading →

Posted in News | Tagged , , , , , , , , , | Leave a comment

87000-SF Retail Center Commands Sub-6% Cap Rate – GlobeSt.com

Posted on February 14, 2011 by admin

GlobeSt.com 87000-SF Retail Center Commands Sub-6% Cap RateGlobeSt.comSANTA CLARITA, CA-The 87094-square-foot Northpark Village Square has sold for $40 million at a sub-6% cap rate in a deal that "generated strong demand from … and more » read more

Posted in News | Tagged , , , , , , , , | Leave a comment

In CRE, Multifamily To Rebound First – Mortgageorb

Posted on January 4, 2011 by admin

GlobeSt.com In CRE, Multifamily To Rebound FirstMortgageorbThe sector's vacancy rate peaked last year at 17.9% in the second quarter – just 10 basis points lower than its all-time high in the past 24 years. …Grubb & Ellis Predicts Commercial Real … Continue reading →

Posted in News | Tagged , , , , , , , , | Leave a comment

Home Properties Focuses Almost Exclusively on DC, Baltimore – GlobeSt.com

Posted on October 8, 2010 by admin

Home Properties Focuses Almost Exclusively on DC, BaltimoreGlobeSt.comIt expects to realize a 6.2% first-year cap rate. Another is the 364-unit Courts at Fair Oaks in Fairfax County, VA, which Home Properties purchased from a … read more

Posted in News | Tagged , , , , , , , , | Leave a comment

Excel Under Contract for $93M Center – GlobeSt.com

Posted on October 5, 2010 by admin

Excel Under Contract for $93M CenterGlobeSt.comThe two that the company had acquired at the time were the 375871-square-foot Vestavia Hills City Center in Birmingham, AL for $33.5 million at a cap rate … and more » read more

Posted in News | Tagged , , , , , , , , | Leave a comment

REITs on a Run: $290M in Excel, BioMed Deals – GlobeSt.com

Posted on September 9, 2010 by admin

REITs on a Run: $290M in Excel, BioMed DealsGlobeSt.comThe two that the company has acquired are the 375871-square-foot Vestavia Hills City Center in Birmingham, AL for $33.5 million at a cap rate of 10.3% and … and more » read more

Posted in News | Tagged , , , , , , , , , | Leave a comment

MetLife provides $160M Loan for Washington Harbour – GlobeSt.com

Posted on August 2, 2010 by admin

MetLife provides $160M Loan for Washington HarbourGlobeSt.comThe duo acquired the two-building, mixed-use property free of debt in June for $244 million and a mid-6% cap rate based on an 86% occupancy rate. … and more » read more

Posted in News | Tagged , , , , , , , , , | Leave a comment

Miami-Dade Industrial Market Perking Up – GlobeSt.com

Posted on August 2, 2010 by admin

Miami-Dade Industrial Market Perking UpGlobeSt.comThe cap rate on the AMB deal is just under 6%, which is very attractive, says Swanson. There has been lots of interest in this property, which is about to … and more » read more

Posted in News | Tagged , , , , , , , , | Leave a comment

Phoenix Realty Buys Three Complexes for $32M – GlobeSt.com

Posted on July 23, 2010 by admin

Phoenix Realty Buys Three Complexes for $32MGlobeSt.comIt bought the Arlington and the Evergreen from a family trust for $19.8 million for a cap rate in the high 7% range. It is financing all three via Freddie … and more » read … Continue reading →

Posted in News | Tagged , , , , , , , , | Leave a comment