Chartwell Seniors Housing Real Estate Investment Trust and Groupe Melior has announced that Chartwell has completed the acquisition of the remaining 50 percent interest owned by Residences Melior (an affiliate of Groupe Melior) in seven retirement properties in the Province of Quebec, as well as Melior’s 50 percent interest in the joint venture property [...]

With $148.2 million in asset sales for the third quarter, Dallas-based Ashford Hospitality Trust Inc. brought sales for the year to $437 million. The company plans to dispose of assets valued at approximately $600 million during 2008, through outright sales and joint ventures. Last year, the company sold 21 assets for $312 million. The [...]

Ownership of Quincy Crossing, a fully-leased 110,900-square-foot office building in Arlington, Va., less than five miles across the Potomac River from the White House in Washington, D.C., has changed hands. Normandy Real Estate Partners sold the Class A property to Guardian Life Insurance Co. in a transaction valued at $55.5 million. The deal marks a [...]

The real estate market in the U.S. is taking a bit of a beating due to the financial crisis, but the property market in neighboring Mexico appears to be escaping any negative consequential effects, according to a Global In-Sights webcast by CB Richard Ellis Inc. Bolstered by solid economic fundamentals, $75 billion in Central Bank [...]

Centerline Capital Group, a subsidiary of Centerline Holding Company has announced it closed the last of nine multi-family housing loan transactions. All loans were done with Fannie Mae under its DUS program on behalf of a single borrower for a total of $131 million.  Centerline provided the refinancing for a portfolio of eight South County [...]

Three R&V Management Corp.-sponsored partnerships–Hillcrest Montecito L.P., VLD Bonnie Brae L.P. and Vista Bella Terra L.P.–have scooped up Bella Terra, a 460-unit apartment community in Vista, a city in northern San Diego County, from RREEF for $69.5 million. Located at 365 Pomelo Drive, just south of Highway 78 and west of Melrose Drive, Bella [...]

The Fed came through with an expected interest rate cut today, anticipation of which seems to have inspired yesterday’s 890-point advance of the Dow Jones index. Despite the slashing of the federal funds rate–from 1.5 percent to 1.0 percent–stocks remained relatively unchanged in the immediate wake of the announcement. Investors may have been cowed by [...]

Grubb & Ellis|BRE Commercial, Grubb & Ellis Co.’s San Diego affiliate,  represented Bridgepoint Education in its 11-year lease for office space totaling nearly 250,000 square feet at Sunroad Centrum in San Diego’s Kearny Mesa area. Bridgepoint Education has leased 10 of Sunroad Centrum’s 11 floors at the new office tower built by Sunroad Enterprises.  The company [...]

Adler Group formed its first discretionary $100 million fund to have capital available for the purchase of income producing commercial properties.  The fund is named Helios AR Real Estate Fund I, and is being managed by Adler Helios MMI L.L.C., an affiliate of the Adler Group, with Assos Capital USA L.L.C. acting as co-manager.  The [...]

Despite the tanking investment market nationwide, Houston continues to see action with investors spending more than $1.6 billion so far in 2008 throughout 53 transactions, according to Real Capital Analytics. Along these lines, a local developer purchased two historic office buildings for an undisclosed amount in the city’s Museum District. Houston real estate developer [...]