KBS Sells Torrey Reserve West in San Diego for $39.2M

A subsidiary of KBS Real Estate Investment Trust II, Inc. has sold Torrey Reserve West in San Diego, CA to a subsidiary of California State Teachers’ Retirement System (CalSTRS) for…

Steadfast Apartment REIT Pays $27.9M for Harrison Place Apartments in Indianapolis

A subsidiary of Steadfast Apartment REIT, Inc. has acquired a fee simple interest in Harrison Place Apartments, a 307-unit multifamily residential community in Indianapolis, IN, for $27.9 million, exclusive of…

Foundation Medicine Expanding in Cambridge, MA

Foundation Medicine, Inc., a molecular information company, has amended its lease with landlord ARE-MA Region No. 50, LLC for the Company’s headquarters at 150 Second St in Cambridge, Mass. Under…

Relypsa Relocating HQ into 79,675 SF in Redwood City, CA

Relypsa, Inc. has signed a new lease with HCP LS Redwood City, LLC for 79,675 square feet of office and laboratory space at 100 Cardinal Way in Redwood City, CA….

REIT Buys Keurig Green Mountain Facility in Burlington, Mass for $39.4M

ARCP OFC Burlington MA, LLC, a subsidiary of Cole Office & Industrial REIT (CCIT II), Inc., has entered into an agreement of purchase and sale with Burlington Crossing Realty Trust…

German Investor Agrees to Pay $164.5M for 50 South Tenth St in Minneapolis

FSP 50 South Tenth Street Corp., an affiliate of Wakefield, Mass-based Franklin St Properties, has agreed to sell 50 South Tenth St in Minneapolis, Minnesota to Union Investment Real Estate…

Mirati Therapeutics Signs Lease to Relocate HQ in San Diego

ARE-SD Region No. 20, LLC, an affiliate of Alexandria Real Estate Equities, has signed Mirati Therapeutics Inc to an 18,000 square foot Lease Agreement for office and laboratory space at…

$62M Loan on Westin – Falls Church Transferred to Special Servicer

A $62 million loan on the Westin – Falls Church Hotel in Falls Church, VA has been transferred to a special servicer due to imminent default, according to Fitch, which…

Prospectus Details $135M Loan on Bronx Terminal Market

Deutsche Bank Securities, Inc. has filed a prospectus related to the commercial mortgage-backed securities (CMBS) transaction COMM 2014-UBS3 Mortgage Trust, which is comprised of 49 loans secured by 60 commercial…

$150M COPT Office Portfolio Loan Becomes Delinquent for First Time

The $150 million COPT Office Portfolio loan, which is backed by two office properties in Chantilly, VA, has been transferred to a special servicer after becoming delinquent for the first…