Redeveloped Prewar Walk-Up Trades in Bushwick

Rosewood Realty arranged the sale of a four-story mixed-use building at 1487 Broadway in Brooklyn’s Bushwick neighborhood. The property changed hands for $11 million. The 18,000-square-foot walk-up building features 17 high-end rental apartments and three commercial spaces that include: Broadway Liquor Store, City Bear Coffee and The Locals, a real estate brokerage firm. The original

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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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Alliance Divests Phoenix MF to Weidner for $84M

Kirkland, WA-based Weidner Apartment Homes acquired Broadstone Roosevelt Row, a 316-unit apartment complex in the heart of downtown Phoenix’s Roosevelt Row. The luxury multifamily property was sold by Alliance Residential Co. for $84.2 million, which works out to $266,000 per-unit. The five-story property at 330 E. Roosevelt St. is located in the Sky Harbor submarket.

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Hines Secures $220M Refi for 1144 15th Street

Hines and its equity partner obtained $220 million in financing for its 1144 15th Street, a 673,852-square-foot Class AA office building in Denver, CO. Eric Tupler of HFF led the team to secure a 17-year, fixed-rate permanent loan through a national life insurance company. HFF had also arranged construction financing for the project in 2015,

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Destination Health, Wellness Facility Delivers in Denver

San Diego-based PMB completed development of Superior Medical Center, a four-story, 60,000-square-foot destination health and wellness facility in Superior, CO. The project is PMB’s first ground-up development in the Denver Metro market, and involves Harrison Street Real Estate REIT as a capital source and NKF as the leasing representative. The development concept was initiated by Cornerstone

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Madison Square Garden Co. Plans Sphere Concert Arena in Vegas

New York-based Madison Square Garden Company plans to build MSG Sphere Las Vegas, an 18,000-seat, sphere-shaped concert venue in Las Vegas. The futuristic-looking facility would be developed in partnership with Las Vegas Sands. The planned high-tech arena would be built on a site adjacent to the Las Vegas Sands’ two casino-resorts on the Las Vegas

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Campus Advantage Adds Six Student Housing Assets in Five States

Campus Advantage acquired six student housing properties across five states in a joint venture with a major state pension fund. The portfolio of properties, located at five universities, adds 1,910 beds to the Austin, TX-based firm’s managed student housing property holdings. Campus Advantage’s Josh Greenleaf says, “These high-quality assets are the perfect addition to our

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WashREIT Acquiring Value-Add D.C. Metro MF Portfolio for $461M

WashREIT is buying a 2,113-unit multifamily portfolio for roughly $461 million in a deal expected to close in Q2 2019. The 95%-occupied portfolio consists of seven suburban Class B apartment communities in northern Virginia and Montgomery County, MD. WashREIT’s Paul McDermott says, “We are expanding our multifamily portfolio to serve the fast-growing cohort of renters

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