Thursday, March 21, 2013

CBRE Global Sells Philly, DC Bldgs. to Rosemont Realty

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...

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