Friday, September 09, 2011

Morning Real Estate Review

AREA, Adler Group Close First Phase of $350M Portfolio Purchase from WRIT (CP Executive) Maimi-based Adler and AREA Property Partners (formerly Apollo) purchase 3.4 million s.f. of commercial real estate in D.C. market.

US home prices tick up 4% in Q2
(ClearCapital) Surprising growth is tempered by Q1's disappointing numbers, but still a positive sign. The midwest, for once, was the leading region, with prices up by 7.3%. Prices in the west barely improved.

VeriSign buys headquarters for $118M (WBJ) Rockwood Capital sells 221,000 s.f. Reston building to tenant one year into its 15-year lease.

$93M Refi for Mixed-Use D.C. Apartments (CP Executive) Capitol Properties' received a loan from Walker & Dunlop Inc, enabling the refinancing of its 389-unit Vaughan Place at McLean Gardens.

Gramercy Giving Up Keys on 900 Bank Properties to KBS (Costar) Initial transfer of approximately 317 properties to KBS occurred Sept. 1, additional property transfers to KBS will occur over the next several months.



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