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Defensive Leasing Strategy Helps Aussie REIT Dodge First Refi Bullet

March 7, 2012

Costar… With an $87.6 million loan coming due this August, Sydney, Australia-based Real Estate Capital Partners USA Property Trust may have dodged a refinancing bullet on a two-building complex in Bedford, MA, but may still take a hit on a separate office campus in Parsippany, NJ. Real Estate Capital Partners USA signed RSA Security to a 328,232-square-foot, 12-year lease renewal in the two buildings at 174 and 176 Middlesex Turnpike (Bldgs 3 and 4) in… Here is the original post: Defensive Leasing Strategy Helps Aussie REIT Dodge First Refi Bullet Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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U.S. Mint HQ Fetches $147.5 Million

March 2, 2012

Costar… NSP Ventures Corp. purchased the U.S. Mint headquarters building at 801 Ninth St. NW in Washington, DC, from Wereldhave USA Inc., a commercial real estate investment firm based in the Netherlands, for $147.5 million, or approximately $624 per square foot. The eight-story, 236,054-square-foot office property is one block away from Gallery Place Metro Station and is next to the 1.9 million-square-foot mixed-use CityCenterDC development. Stanley… See original here: U.S. Mint HQ Fetches $147.5 Million Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Cerberus Team Wins Hotel Auction

May 3, 2011

A team of private-equity firm Cerberus Capital Management and real-estate investment trust Chatham Lodging Trust prevailed in a bankruptcy auction for 64 of Innkeepers USA Trust’s hotels.

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