AREP

Soma Capital Partners Acquires 1430 Q Street Apartments in Sacramento, CA for $57.1 Million

Retrieved on: 
Tuesday, March 29, 2022
Soma, AREP, Sale, Walking, Cushman & Wakefield, SCP, Safehold, Istar, Walker & Dunlop, CA, GLOBE, Property, SAN, Partnership, Real estate, Financial services, Opportunity zone

SAN FRANCISCO, March 29, 2022 (GLOBE NEWSWIRE) -- Soma Capital Partners (SCP), a privately-held real estate investment and advisory firm, today announced the purchase of 1430 Q Street Apartments (1430 Q or the Property) in Sacramento, CA, for $57.1 million.

Key Points: 
  • SAN FRANCISCO, March 29, 2022 (GLOBE NEWSWIRE) -- Soma Capital Partners (SCP), a privately-held real estate investment and advisory firm, today announced the purchase of 1430 Q Street Apartments (1430 Q or the Property) in Sacramento, CA, for $57.1 million.
  • Located one block off the R Street Corridor, the Property is walking distance to countless dining, retail, and entertainment options in both Midtown and Downtown.
  • SCP acquired the property in partnership with a core-plus investment vehicle managed by Argosy Real Estate Partners .
  • Soma Capital Partners is a privately-held real estate investment and advisory firm based in San Francisco, CA with a focus on select markets west of Denver.

American Real Estate Partners and Harrison Street Joint Venture Commits $1 Billion to Develop 2.1 Million Square Feet of Powered Shell Data Centers Across Northern Virginia’s Data Center Alley

Retrieved on: 
Wednesday, January 12, 2022
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Harrison Street, Investment, Technology, Pension, Loudoun County Parkway, JV, Newsroom, Pacific Boulevard, Solution, The Best Place to Be, AOL, Dulles International Airport, Meta, Government, Yahoo!, AREP, Multimedia, Icahn Enterprises, Organization, Partnership, Acquisition, Renewable energy, Retail, Development, Harrison Street, American Real Estate Partners (AREP), HARRISON STREET, AMERICAN REAL ESTATE PARTNERS (AREP)

The Arcola campus is located on Arcola Boulevard, directly across the street from Googles new development, and near Dulles International Airport.

Key Points: 
  • The Arcola campus is located on Arcola Boulevard, directly across the street from Googles new development, and near Dulles International Airport.
  • The Arcola development will include two modern powered shell build-to-suit data centers with approximately 100-125 MW of capacity.
  • We are creating not just exponentially more data but new and ever more useful ways to apply that data.
  • By leveraging this expertise, AREP remains at the leading edge of real estate innovation, maximizing investment and building performance to provide real value.

CIM Group Provides $148 Million Loan for 460,000-Square-Foot Office Campus in Tysons Corner, Virginia

Retrieved on: 
Monday, January 3, 2022
Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Icahn Enterprises, Artery, Investment, Highline, Solution, ESG, Greater, Westbrook, Transport, Dulles International Airport, AREP, CIM, Route 66, Virginia State Route 267, Silver Line, CIM Group, Real estate, Commercial property, Washington metropolitan area, Westbrook Partners, American Real Estate Partners, WESTBROOK PARTNERS, AMERICAN REAL ESTATE PARTNERS

CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that a CIM-managed fund has closed a $148 million loan to a joint venture between Westbrook Partners and American Real Estate Partners to refinance Highline at Greensboro, a Class A office campus in Tysons Corner, Virginia.

Key Points: 
  • CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that a CIM-managed fund has closed a $148 million loan to a joint venture between Westbrook Partners and American Real Estate Partners to refinance Highline at Greensboro, a Class A office campus in Tysons Corner, Virginia.
  • The property is adjacent to The Boro, the 3.5-million-square-foot mixed-use development in downtown Tysons.
  • CIM Group is an active lender that through its CIM Real Estate Debt Solutions business recently closed a $90.25 million loan for a 247-unit apartment community in Arlington, Virginia.
  • CIM Group seeks to provide senior and subordinate transitional bridge loans for commercial real estate projects with strong sponsors.

American Real Estate Partners Add Air Purification To 1600 Market Street Building

Retrieved on: 
Friday, November 12, 2021
Finance, Building Systems, Professional Services, Commercial Building & Real Estate, Construction & Property, Bop TV, Icahn Enterprises, Greystar Real Estate Partners, Multimedia, Greater, Environment, DFS, COVID-19, Solution, AREP, Property management

View the full release here: https://www.businesswire.com/news/home/20211112005809/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20211112005809/en/
    Pure Wellness air purifier at 1600 Market St (Photo: Business Wire)
    1600 Market Street is an 825,968 square foot, 39-story Class A office tower in Philadelphias thriving Central Business District.
  • Headquartered in the Greater Washington metropolitan area, American Real Estate Partners (AREP) is an institutional fund manager and operating partner focused on office and mixed-use repositioning and development throughout the Greater Mid-Atlantic Region.
  • AREP's vertically integrated real estate platform provides best-in-class expertise in all ownership disciplines, from property management and building operations to investment strategy, market research, and acquisitions.
  • By leveraging this expertise, AREP remains at the leading edge of real estate innovation, maximizing building performance to provide real value.

Seven Tower Bridge Delivers Premier Philadelphia-Region Office Tower Centered on Performance, Wellness, and Flexibility

Retrieved on: 
Tuesday, August 10, 2021
Professional Services, Human Resources, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, City, LEED, Partners Group, Workplace, Element, Housing, OTP, CEO, Health, SOM, USD, LinkedIn, Icahn Enterprises, Skidmore, Owings & Merrill, Socialization, WELL, Partnership, Malley Fitness Center, Principal, Restaurant, SEPTA, CFO, AREP, SF, World Green Building Council, COVID-19, Leadership in Energy and Environmental Design, Twitter, Environment, Philadelphia Main Line, SIX Swiss Exchange, Coffee, Wi-Fi, History, Greater, Niche (company), Internet, Silver, Property management, Hotel

As America reimagines its office life, Seven Tower Bridge reinvents how the corporate workplace can drive performance and support wellness, innovation and inspiration, said Doug Fleit, Principal and CEO of AREP.

Key Points: 
  • As America reimagines its office life, Seven Tower Bridge reinvents how the corporate workplace can drive performance and support wellness, innovation and inspiration, said Doug Fleit, Principal and CEO of AREP.
  • The seamless access to the outdoors and public transportation make this a place that truly represents the modern office environment."
  • Seven Tower Bridge is also among the select buildings to achieve WiredScore Gold certification for future-ready, best-in-class, secure Internet connectivity and infrastructure.
  • Seven Tower Bridge is a world class office tower where employees want to come to work and will perform their best, said Donald Pulver, President of OTP.

American Real Estate Partners Clears the Air for Tenants

Retrieved on: 
Tuesday, July 27, 2021
Interior design, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Urban planning, Building Systems, Chemistry, Physical sciences, Natural sciences, Air filters, HEPA, Filtration, AREP

By creating healthy environments that instill confidence and provide comfort for its customers, AREP leads the industry.

Key Points: 
  • By creating healthy environments that instill confidence and provide comfort for its customers, AREP leads the industry.
  • In alignment with these protocols, AREP selected Pure Wellness because the technology uses electricity to capture air particles too small for HEPA filtration creating the cleanest air possible today.
  • AREP's vertically integrated real estate platform provides best-in-class expertise in all ownership disciplines, from property management and building operations to investment strategy, market research, and acquisitions.
  • By leveraging this expertise, AREP remains at the leading edge of real estate innovation, maximizing building performance to provide real value.

AREP Achieves Portfolio-Wide WELL Health-Safety Rating

Retrieved on: 
Wednesday, April 14, 2021
REIT, General Health, Health, Commercial Building & Real Estate, Construction & Property, Stakeholder, AREP

The program offers UL\xe2\x80\x99s verification that AREP buildings demonstrate excellence in interior air quality.\n\xe2\x80\x9cHealth and wellness are foundational to everything we do, and the WELL Health-Safety Rating is one more confirmation of our efforts to make every AREP property a place where people can feel comfortable returning to work and be at their best.

Key Points: 
  • The program offers UL\xe2\x80\x99s verification that AREP buildings demonstrate excellence in interior air quality.\n\xe2\x80\x9cHealth and wellness are foundational to everything we do, and the WELL Health-Safety Rating is one more confirmation of our efforts to make every AREP property a place where people can feel comfortable returning to work and be at their best.
  • "\nThe WELL certification is an evidence-based rating for all new and existing building and facility types focusing on operational policies, maintenance protocols, stakeholder engagement and emergency plans.
  • By leveraging this expertise AREP remains at the leading edge of real estate innovation maximizing building performance to provide real value.
  • For more, please visit: americanrepartners.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210414005185/en/\n'