Washington Business Journal Federal Realty Investment Trust plans to renovate the 90,000-square-foot Old Keene Mill shopping center at 8424 Old Keene Mill Road in Springfield, Va. The Rockville, Md., REIT will construct new retail facades, signage, gathering spaces, an outdoor ...
Boston Properties Inc. will remain the property's developer.
The KRE/Avenue Realty team used a $52.5 million loan from Investors Bank to help fund its purchase.
A venture of the KRE Group and Avenue Realty Capital has paid $70 million, or about $307,018/unit, for Summit Hill, a 228-unit apartment property in the New York suburb of Springfield, N.J. Segal & Segal, a Morristown, N.J., apartment investor, ...
RENTv An affiliate of Balboa Retail Partners has acquired Shoppes at Gateway, an 821,600-square-foot retail center in Springfield, Ore., for about $107 million, or $130/sf. The property at 3000 Gateway St. was built in 1990. Tenants include Target, Walmart Neighborhood ...
Washington Business Journal Pennsylvania REIT is moving closer to developing a mixed-use project on existing parking lot sites at the Springfield Town Center in Springfield, Va. The 78-acre property is entitled for about 3 million more square feet of mixed-use space. ...
Prestige Properties & Development Co. has paid $33.3 million, or about $237/sf, for Holyoke Crossing, a 140,361-square-foot retail property in Holyoke, Mass. The New York owner and manager of about 4 million sf of retail and office space purchased the ...
Commercial Real Estate Direct Staff Report Boston Properties Inc. has listed for sale a portfolio of seven office/flex buildings with 504,110 square feet in the Washington, D.C., suburb of Springfield, Va. The REIT has hired Cushman & Wakefield to offer ...
Rouse Properties Inc. has lined up a $75 million mortgage against the Shoppes at Gateway, an 820,000-square-foot retail center in Springfield, Ore. The New York REIT had assumed the property, then an enclosed shopping mall when it was spun off ...
Dayton Business Journal Waramaug LS Hotels has paid an undisclosed price for a 120-room Courtyard by Marriott hotel in Springfield, Ohio. The six-story hotel, which includes 6,500 square feet of meeting space, was recently renovated. Waramaug is an affiliate of ...
Pennsylvania REIT has completed the $485 million purchase of the Springfield Town Center, a 1.3 million-square-foot shopping center in the Washington, D.C., suburb of Springfield, Va. The Philadelphia REIT purchased the completely redeveloped property from Vornado Realty Trust. It paid ...
A fund sponsored by JPMorgan Asset Management has tapped JLL to market for sale the Residences at Springfield Station, a 631-unit apartment property in the Washington, D.C., suburb of Springfield, Va. It could sell for roughly $167 million, or $265,000/unit.
Commercial Real Estate Direct Staff Report Simon Property Group is poised to surrender the Upper Valley Mall in Springfield, Ohio, to Banc of America Commercial Mortgage, 2004-6, which holds $47 million of debt against the property. The debt matured last ...
Pennsylvania REIT has agreed to pay $465 million for the Springfield Town Center in Fairfax County, Va. The Philadelphia company is buying the mall, which is just off Interstate 95 and about 15 miles south of Washington, D.C., from Vornado ...
The State Journal-Register Simon Property Group is leading a venture that's proposed developing a retail outlet center in Springfield, Ill. Global Outlet Management of Hershey, Pa., is Simon's partner in the project, which is expected to have at least 80 ...
CityBiz Real Estate Penn National Gaming Inc. has submitted a proposal for an $807 million casino and resort project in Springfield, Mass. The hotel is expected to have up to 500 rooms and included a spa. The project is being ...
Ameristar Casinos Inc. has agreed to pay O'Connell Development Group $16 million for a 41-acre site in Springfield, Mass., where it plans to develop a casino-hotel. The Las Vegas company said it is planning the resort property in the expectation ...
Commercial Real Estate Direct Staff Report CWCapital Asset Management, which is overseeing the $159 million of debt on the Springfield Mall, a 1.4 million-square-foot regional shopping center in the Washington, D.C., suburb of Springfield, Va., is offering it for sale. ...
Washington Business JournalThe two special servicers handling a $163 million loan against the Springfield Mall in Springfield, Va., are pursuing receivership or foreclosure after workout discussions did not result in payback agreements, according to Trepp LLC, a real estate analysis ...
Steadfast Income REIT Inc. has bought the 190-unit Lincoln Towers apartment complex in downtown Springfield, Ill. A purchase price was not disclosed. It's the first multifamily buy for the Orange County, Calif., affiliate of Steadfast Cos. The 17-story property, at ...
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