ASHBURN, VA — Newmark Knight Frank (NKF) announces the sale of 20130 and 20135 Lakeview Center Plaza in Ashburn, VA on behalf of MRP Realty. Known as Lakeview East & West with a total of 204,129 s/f, the two class A buildings were purchased for $46.5 million by Innovatus.
“The Northern Virginia suburbs continue to attract institutional capital look...
MAYS LANDING, NJ — Time Equities Inc. (TEI), a full-service New York City-based real estate firm, has announced its largest acquisition of the year with the $60 million purchase of Hamilton Commons, a 403,050 s/f power center located in Mays Landing. The firm, which remains bullish on retail, specifically open-air strip and power centers, has grown...
JERSEY CITY, NJ — Kathy Anderson, founding partner of Progress Capital arranged an $84 million construction loan plus $36 million of equity for the development of The Element, a 6-story apartment building located at 400 Claremont Ave. in Jersey City.
The Element will consist of 631 units, 277 of which will be under 500 s/f. Call them what you will...
ENGLEWOOD CLIFFS, NJ — New Jersey-based real estate lender, Procida Funding, LLC announced that the 100 Mile Fund, LLC, which it manages, achieved a net return to investors of 11.56% for 2019. Since the Fund’s inception in 2011, the Fund has achieved a net annual distribution of 12.8%.
Procida’s 100 Mile Fund makes loans and other investments in re...
What is a DST 1031? I’m hearing my real estate investor friends and CPA mention it may be a good exit strategy for my appreciated real estate but I need to know more about it…
First, let us explain a DST.
DST stands for Delaware Statutory Trust. Here’s the full technical definition: a separate legal entity established under a trust created for the...
