Tagged: retail properties

Diverse Investments and Financing Activity Signal Strength in Various Real Estate Sectors

MG Properties has secured $40m in financing from Freddie Mac for the purchase of the 192-unit Artesia apartment property in Everett, Washington. RXR Realty’s venture has defaulted on $325m of financing for the 786,985 sq ft office building at 61 Broadway in Manhattan. St John Properties has bought a 17-acre plot in Hunt Valley, Maryland, with plans to build 110,000 sq ft of research and development and retail space. Cohen Asset Management has bought the 599,489 sq ft initial phase of Falcon Park 303 in Glendale, Arizona, for $817m. TriGate Capital has acquired the Shops at Wiregrass, a 760,379 sq ft retail property in Wesley Chapel, Florida, for $705m. JPMorgan Chase has provided $41m in financing for Weidner Apartment Homes’ purchase of the 234-unit Joy on 4th apartment property in Phoenix. ZOM Living has secured $109m of financing for the 417-unit Atelier apartment property in downtown Dallas. Lastly, Morgan Stanley has provided $50m of financing against the 119,197 sq ft Tice’s Corner shopping center in Woodcliff Lake, New Jersey.