Because of Blackstone 360's commitment, other investors are now happy to walk with East Orange on new developments, says Daniel Jennings, the city's director of planning and development.

The plan features two residential buildings with an affordable housing component, plus retail and parking steps from the University of Michigan campus.

Each of the portfolio's properties are well-located and poised to capitalize on the positive rent environment, thanks to their location within a metropolitan area exhibiting strong fundamentals.

Delays in the economic recovery of the area after Super Storm Sandy caused the company to fall behind on its first mortgage.

The natural gas-fueled facility can generate 940 megawatts of electricity for the PJM market

“The seller was able to capitalize on strong market conditions and sell at a great price due to the demand of the University City submarket,” says Ken Wellar, managing partner at RRA.

The 20,000 square-foot amenity center solidifies the work/play theme at the Somerset County, NJ, office campus.

"Liberty has successfully executed on our strategy to reallocate capital from office to our growing industrial business," says Mike Hagan, Liberty's chief investment officer.