National Commercial Real Estate News From CoStar Group
TIAA-CREF Pays $165M For Aspira Apts
TIAA-CREF acquired the Aspira Apartments at 1823 Terry Ave. in Seattle, WA for $165.67 million, or about $$510,000 per unit, from Urban Partners LLC, O'Connor Capital Partners and Real Estate Capital Partners.
Delivered in November 2009, the 37-story multifamily hi-rise is located in the heart of Seattle’s CBD and features many amenities, including 6,500 square feet of retail space, units with fully-equipped stainless steel appliances, washers...
Major CRE Firms Say 3Q Deal Slowdown Reflects Client Caution
The largest publicly traded CRE firms reported leasing and sales activity slowed noticeably in the U.S. during the third quarter as businesses wait on the sidelines for clarity from next week’s election and ensuing efforts to resolve nation’s fiscal debt and tax issues before making major property decisions.
Also in third-quarter earnings calls this week, CEOs of the two largest publicly traded CRE companies said the ongoing debt crisis in Europe...