National Commercial Real Estate News From CoStar Group
CBRE Global Sells Philly, DC Bldgs. to Rosemont Realty
CBRE Global Investors traded three Class A properties to Rosemont Realty.
The assets include 2000 Market St., a 29-story, 665,649-square-foot office building in downtown Philadelphia and Dulles View, two eight-story structures totaling 360,045 square feet in the Washington, DC, submarket of Herndon, VA.
A fund managed by CBRE Global purchased 2000 Market St. in December 2009. Since its acquisition, the interior public areas were renovated...
Avalon Bay Trades Crystal City Multifamily for $262.5 Million
Avalon Bay sold Crystal House, a 828-unit apartment complex in the Crystal City section of Arlington, VA, for $262.5 million or $317,000 per unit. Mack-Cali Realty Corp. (NYSE: CLI), a real estatae investment trust, purchased the asset in a joint venture with a fund advised by UBS Global Asset Management.
Walker & Dunlop LLC provided a $165 million mortgage loan through a Fannie Mae program.
The multifamily property includes two 12-story towers...