St. John Properties Acquires Two Annapolis R&D Buildings
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
St. John Properties, I nc. has acquired two research and development buildings totaling 103,352 square feet in Annapolis, Maryland. Formerly named Annapolis Commerce Park East, Bestgate Commerce Park includes 2001-200…
External link. Real Estate Trail does not republish source content.
More from the wire
Bank OZK Provides $133M Construction Loan for Culver City, Calif., Mixed-Use Project
The development firms behind a 344-unit mixed-use project set for Culver City, Calif. , have secured $132.7 million in construction financing from Bank OZK . A joint venture of Lincoln Property Company and McCourt Par…
CBTS Technology Solutions Takes 4K SF at 1261 Broadway
CBTS Technology Solutions , a tech service provider, has inked a 3,612-square-foot lease at the Rosen family’s office property at 1261 Broadway , according to Koeppel Rosen , the landlord’s leasing and management agen…
Compass CEO defends private listings, says MLSs make homes look ‘damaged’
Reffkin said 43% of listings had a price drop history in September, and 6% were pulled off market
Terra Secures $184M Refi for New Tom Brady-Leased Office Near Miami
Terra has secured a $183.8 million loan to refinance a newly completed, wellness-focused office complex in Bay Harbor Islands, Fla., which counts Tom Brady ’s family office as a tenant. The financing from Monroe Capit…
East End apartment complex sells for $130 million
Rithm Capital Closes $375M Securitization of Multifamily Loans
Rithm Capital continues to make moves. Michael Nierenberg ’s $63 billion alternatives firm and publicly traded mortgage real estate investment trust announced Wednesday that Genesis Capital , its commercial real estat…