The Milestone Group, a privately held real estate investment management firm, has acquired two apartment communities in Fredericksburg, Virginia, that encompass 676 units. Kensington Crossing has 476 one-, two- and three-bedroom units and Magnolia Falls features 200...
Farmland Partners Inc. (NYSE: FPI), an internally managed real estate company focused on North American agricultural property, announced the $289 million sale of a portfolio to Farmland Reserve Inc., a nonprofit organization owned by The Church of Jesus Christ of...
Tishman Speyer has secured a $3.5 billion commercial mortgage-backed securities (CMBS) loan to refinance Rockefeller Center. The loan is said to be the largest issuance ever for a single office asset – in this case, the 13-building, 7.3 million-square-foot campus in...
A federal judge ruled that the Bellevue, Washington-based real estate investment firm iCap defrauded hundreds of real estate investors through a Ponzi scheme. The Seattle Times reported Chief Judge Whitman Holt made the finding about iCap in bankruptcy court...
New Hampshire hit a new record high for the median price of single-family homes in September. According to data from the New Hampshire Association of Realtors (NHAR), the state recorded a median cost of single-family homes at $520,000, up 6.5% year-over-year. This...
The commercial real estate finance and advisory services firm Walker & Dunlop (NYSE: WD) has expanded into hospitality investment sales with the addition of Jonathan (Jay) Morrow as senior managing director. Morrow specializes in institutional-grade hotel and...
Hits and Misses for the Real Estate Week of May 11-15
