Vinings at Town Center Sells for $42M

Archstone acquired the Vinings at Town Center at 5881 Town Bay Drive in Boca Raton, FL for $ 42 million, or about $ 167,000 per unit, from AEW Capital Management LP. The property is a 252-unit apartment community that totals 280,200 square feet on 12.3 acres. The buildings were constr
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Rosen Partners, Alfa Group Form Real Estate Investment Venture

One of Russia’s largest privately-owned financial-industrial investment conglomerates, Alfa Group, has partnered with Rosen Partners, one of New York’s most experienced private real estate developers, to invest in commercial and multifamily real estate in the Eastern Unite
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Ventas Buying Cogdell Spencer and its 72 Medical Office Buildings

Ventas Inc. plans to acquire Cogdell Spencer Inc. and its 72 medical office buildings in an all-cash transaction. At closing, Ventas’ investment, including its share of debt, is expected to range from $ 760 million to $ 770 million, before anticipated transaction expenses. The s
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Silicon Valley REIT Puts Itself Up for Sale

Mission West Properties Inc. is exploring strategic alternatives for the possible sale of the company. The Cupertino, CA-based firm said it will begin a process to identify potential qualified buyers and determine an appropriate structure for the sale of the company. Currently, the co
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Technology, Energy Hubs to Outperform the National Office Market in 2012

The office market should slowly improve throughout 2012. National Real Estate Investor
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JV Invests $64M in Sutton Place Hotel in Chicago

A joint venture of AJ Capital Partners and Walton Street Capital LLC acquired the 22-story Sutton Place Hotel in Chicago, IL, from Hong Kong-based owner Christopher Ho Wing On for $ 64 million, or about $ 260,163 per room. The hotel, delivered in 1988 at 21 E. Bellevue Place, totals 2
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8 of 9 Senior Communities Sell for $379M

Newton, MA-based Senior Housing Properties Trust (NYSE: SNH) closed on eight of the nine senior-living rental communities it agreed to buy from HBC Associates back in September. The aggregate sales price topped $ 379 million, excluding acquisition costs, according to the company. The
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Taubman Completes $560M Purchase

Taubman Centers completed its previously announced purchase of three retail assets. National Real Estate Investor
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Property Management: Marketing Is Key

Property management has evolved over the last several years than in the previous several decades, and the most apparent developments have been in the realm of marketing. There are many ways in which any property management company you are considering hiring should utilize marketing to
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U.S. Mortgage Rates End 2011 Near Record Lows

Frank Nothaft Based on Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), average fixed mortgage rates finishing the year near their all-time historic lows helping to keep homebuyer affordability high. Averaging 3.95 percent, the 30-year fixed has been at or below 4.00
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