October 9, 2018
Hugh Frater, interim CEO of Fannie Mae. Government-backed mortgage giant Fannie Mae tapped a veteran real estate investor and brokerage executive to lead the government-sponsored enterprise — at least for now. Fannie said Hugh Frater, former CEO o…
Read MoreOctober 8, 2018
CIM Commercial Trust plans to take advantage of heavy leasing demand in the office market in Oakland, California, in its recapitalization plan. CIM Commercial Trust, 95 percent-owned by a group of institutional investors, said it is taking advantage…
Read MoreOctober 8, 2018
Invesco Real Estate plans to buy an 80 percent stake in five apartment buildings owned by AvalonBay, including the Avalon Morningside in Manhattan. Real estate investment trust AvalonBay is considering a shift in its latest focus from apartments in …
Read MoreOctober 5, 2018
Rendering of the 520-unit 200 Stovall apartment building in Alexandria, Virginia.Credit: Perseus Realty Key performance metrics were green across the board in Washington, D.C.’s Alexandria/I-395 apartment market at the start of the fourth quarter. B…
Read MoreOctober 4, 2018
Cambridge Property Group has listed a Class A office building located three blocks from the planned Herndon Metro Station in Herndon, Virginia, for sale, as the company looks to cash in on the upside potential from the future station. The Atrium a…
Read MoreOctober 2, 2018
Charger Ventures has acquired a 328-unit apartment community near a United States naval air station in St. Mary’s County, Maryland, in a $38.5 million deal. The Bethesda, Maryland-based investment firm paid roughly $115,000 per unit for the Greens…
Read MoreOctober 2, 2018
The Ultris Island Park in Shreveport, Louisiana, is one of five communities acquired by Westdale Real Estate in a $215 million deal. A five-property apartment portfolio with steady demand from nearby military bases has traded hands for $215 million,…
Read MoreOctober 2, 2018
The Ultris Island Park in Shreveport, Louisiana, is one of five communities acquired by Westdale Real Estate in a $215 million deal. A five-property apartment portfolio with steady demand from nearby military bases has traded hands for $215 million,…
Read MoreOctober 1, 2018
For the third time in September, a Northwest Washington, D.C., office building has sold for north of $100 million, this time at the corner of Eye and Fourth streets. Saban Capital Group, in its first investment in the Washington market, finalized a…
Read MoreOctober 1, 2018
Mortgage debt for offices, apartments and other commercial property rose the most in any quarter to a record $3.27 trillion. Mortgage debt underlying offices, apartments and other non-farm commercial real estate rose the most in any quarter on record …
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