Ventas’ University-Based R&I Development Pipeline Exceeds $1.5B

Chicago-based Ventas, Inc. reported its development pipeline in the university-based Research & Innovation (R&I) sector now exceeds $1.5 billion in new investments. Assets will be developed through the company’s extended, exclusive partnership with Wexford Science & Technology, LLC. The team plans to develop a $77-million Class A research and innovation center anchored by Arizona State

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Silver Spring MF Snagged for $87M

Rockville, MD-based The Donaldson Group, New York-based Declaration Capital and a fund managed by DRA Advisors acquired Montgomery White Oak Apartments, a 592-unit garden style apartment community in Silver Spring, MD from Joncon Venture, LLP. The acquisition price was nearly $87 million. Situated on roughly 28 acres, the property is located at 11550 Stewart Lane

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Rockpoint Buys Boston MXU for $107M

Rockpoint Group acquired 226 Causeway, a retail/office condominium in Boston, from Invesco for $107 million. Totaling 192,890 square feet, the property features a diverse tenant roster anchored by the corporate headquarters of two divisions of TripAdvisor, Oxfam America and the Boston Celtics, as well as a key regional office for Stantec. The street-level retail component

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Groundbreaking Takes Place for 62-Acre Valley Grove

St. John Properties hosted a groundbreaking on its 62-acre, mixed-use development in Pleasant Grove, UT. Upon buildout, the project will offer 1-million-square-feet of office, retail, restaurant and hospitality space at Pleasant Grove Boulevard, near Interstate 15. St. John Properties, headquartered in Baltimore, MD, already launched construction on the $250 million project, which will offer a

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Wilshire Capital Claims NW Micro-unit Multifamily Developments

UK-backed East To West Capital completed the disposition of two recently-developed micro-unit multifamily projects in Seattle and Portland, five years after entering the U.S. marketplace and forming joint venture partnerships with local multifamily developers. Both developments were sold to El Segundo, CA-based Wilshire Capital Partners. The aggregate value of the dispositions exceeded $24.3 million and

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$165M Perm Financing Secured for Downtown Denver’s Dairy Block Portfolio

A joint venture partnership between McWhinney, Grand American and Sage Hospitality secured $165 million in permanent financing for Dairy Block, Denver’s newest micro-district. The three project components include Dairy Block office space totaling six stories and 218,660 square feet of newly-built space, plus a 380-space subterranean parking garage; an historic Firehouse Block containing 92,803 square

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CBRE Arranges $107M for Two Riverfront Buy

CBRE Capital Markets’ Debt & Structured Finance team arranged for $107.3 million in financing on behalf of Kuwait-based KFH Capital Investment Co. The funds were used to acquire the 337,543-square-foot Two Riverfront Plaza, in Newark, NJ, which is Panasonic Corp. of North America’s headquarters. The buyer paid $165 million to SJP Properties and Matrix Development

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BlackRock Buys Bethesda Transit-Oriented MXU

Flats at Bethesda Avenue, a mixed-use residential and retail property located in the heart of Bethesda, MD, has been sold for an undisclosed amount. A fund managed by BlackRock Real Assets acquired the 162-unit transit-oriented multifamily asset from a joint venture between StonebridgeCarras, PN Hoffman, Buvermo and Northwestern Mutual. Completed in 2015, the property also

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