PGIM Provides $78M Refi for Alexandria Apt

PGIM Real Estate Finance provided a $78-million FHA refinancing loan to Bonaventure Realty Group for The Encore Apartments, a 461-unit apartment community in Alexandria, VA. The 35-year, fixed rate loan is fully amortizing, non-recourse and approved for green certification and lower mortgage insurance premiums through HUD’s Green MIP program. Loan proceeds will be used to

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Utah Cancer Institute Expands to 200K SF with New Funding

Huntsman Cancer Institute (HCI) at the University of Utah expanded plans for a new cancer patient facility following a $30 million gift from the Huntsman Cancer Foundation. The contribution from Peter Huntsman and the family’s Huntsman Foundation will allow the planned HCI expansion to grow from 102,000 square feet of new space to 200,000 square feet, and from four to

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Three-State, Six-Hospital Portfolio Sold for $138M

Nashville, TN-based Healthcare Realty Trust sold six inpatient rehabilitation hospitals located across three states. In two transactions, affiliates of Global Medical REIT and Carter Validus Mission Critical REIT each purchased three hospital facilities, with a combined total of 376 beds and a total acquisition price of $137.6 million. The hospitals are located in Austin, Dallas

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Alexandria Expands Its Seattle Life Science Cluster Campuses

Pasadena, CA-based Alexandria Real Estate Equities, Inc. plans to deliver 188 East Blaine St. and start pre-construction activities for 1165 Eastlake Ave. East in Seattle in Q2 2019. These value-creation development projects will add more than 300,000 rentable square feet of critically needed, highly adaptable state-of-the-art office/laboratory space to its Lake Union life science campus.

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Caesars, VICI in $750M Two-State Casino Deal

VICI Properties Inc. is acquiring two casino assets from Caesars Entertainment Corporation in a transaction valued at $749 million. The properties include the Octavius Tower at Caesars Palace in Las Vegas, and Harrah’s Philadelphia in Chester, PA. The 23-story Octavius Tower (pictured) is being acquired for $507.5 million. Built in 2012, the complex comprises 1.2

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$103M Financing for 13-Building Colorado Springs Office Portfolio

Crescent Real Estate LLC secured $102.5 million in financing for a 13-building suburban office portfolio totaling more than a million square feet in Colorado Springs, CO. The portfolio comprises some of the highest quality and most strategically located office buildings in the market’s North and Southeast Airport submarkets. The 75% overall leased portfolio’s rent roll consists

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Pair of North Carolina Offices Nabbed for $69M

Crescent Lakeside I and II, two Class A office buildings totaling 254,796 square feet in Raleigh’s submarket of Cary, NC, have traded hands for $69 million. The buyer was New York-based HLM Realty LLC, while the seller was Crescent Lakeside LLC. The properties are located at 1225 and 1255 Crescent Green Dr., within The Crescent,

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