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The Asian investor contributed approximately $26 million for the 12th property in addition to the approximately $82 million contributed for the initial 11 properties last month.
Multiple published reports state the sale price for the property was $614 million, making the deal the largest sale price recorded for an office asset year-to-date in Boston's Central Business District.
Arden Group is acquiring a portfolio of assets from Avistone of Laguna Niguel, CA. The portfolio is spread across San Antonio and Dallas, TX; Atlanta, GA and Columbus, OH.
We need to build more affordable units and the fastest, most economic way to do that is to subsidize development through the Low Income Housing Tax Credit program.
Newmark Knight Frank arranged the $44.3 million floating-rate loan for Miami City Self Storage to refinance three self-storage facilities in Southern Florida
The 345,000-square-foot mixed-use development is on track to open in the first half of 2020 and developer Andrew Hellinger answered some questions about the project's path to market.
"Since we have the building topped out and 95 percent of the glass is up, during the last couple of weeks, we have done a lot more tours and activity has picked up."
"We've had a tremendous number of inquiries from financial firms, from younger firms that want to be artsy and eclectic and who don't want to be in Wynwood to tech companies locating here from California."