The CMBS trusts that hold a $167 million loan against the fee interest in, or ground beneath, the 1.1 million-sf office building at 300 South Riverside Plaza in Chicago have filed to...
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Commercial Observer Thor Equities has paid $56 million, or $965.52/sf, for the 58,000-square-foot mixed-use building at 1165 Broadway in the NoMad section of Manhattan. The New York investor acquired the six-story property, the former Coleman House hotel that...
South Florida Business Journal COFE Properties has bought Westside Plaza I and II, a pair of neighboring office buildings totaling 276,637 square feet in Doral, Fla., for $63 million, or $227.74/sf. The Miami company purchased the properties from...
Puget Sound Business Journal Northwest Building LLC has paid $76.5 million, or $283.33/sf, for Gateway North, a 270,000-square-foot industrial and data center property in Tukwila, Wash., a southern suburb of Seattle. The Kirkland, Wash., investment firm acquired the...
PCCP has provided $180.5 million of senior mortgage financing against the 2.1 million-square-foot Oakland Park industrial complex in the Detroit suburb of Highland Park, Mich. The loan allowed the 10-building property's owner, a venture of Boston-based companies AEW...
Commercial Real Estate Direct Staff Report Tech Park @ Goleta, a 733,497-square-foot mixed-use complex in the Southern California coastal city of Goleta, has sold for $235 million, or $320.38/sf. The 17-building property was sold by Majestic Asset Management...
Commercial Real Estate Direct Staff Report The 31 apartment properties with 3,505 units in New York City that back a troubled $506.3 million CMBS loan continue to face challenges, with expenses growing at a far faster clip than...
Atlanta Business Chronicle Healthpeak Properties has paid $240 million, or $677,966/unit, for two seniors-living properties with a total of 354 units in the Atlanta suburb of Marietta, Ga. The Denver healthcare property REIT purchased the two from limited liability...
Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Moody's Rating DBRS Morningstar Price % Yield % Final Pricing (bp) Bnch mrk A-1 3.11 30.00 2.50 AAA Aaa AAA 99.99915 4.7493 +88 J-spread A-2...
South Florida Business Journal CIM Real Estate Credit has filed a foreclosure suit against the owner of the Goodtime Hotel in Miami Beach, Fla. The 266-room property, at 601 Washington Ave., serves as collateral for a $164 million...
Commercial Real Estate Direct Staff Report Washington Federal Bank has provided $88 million of financing for the construction of the 360-unit Leeway apartment property in the northern Seattle suburb of Shoreline, Wash. JLL Capital Markets arranged the loan...
OpenAI has agreed to fully lease the 450,000-square-foot office property at 350-380 Ellis St. in the Bay Area neighborhood of Mountain View, Calif. The artificial intelligence company was represented by JLL, while Newmark represented the landlord. KKR Real...
Commercial Real Estate Direct Staff Report Iconic Property Partners has paid $44.7 million, or $120,161/unit, for the 372-unit Deercross apartment property in Indianapolis. The Mahwah, N.J., investor acquired the property, at 7007 Deer Path Drive, from Wilkinson Corp....
Nashville Business Journal EPR Properties has paid $70 million, or $421,687/room, for the 166-room Margaritaville Nashville Hotel in downtown Nashville, Tenn. The Kansas City, Mo., company purchased the 12-story property from its developer, an affiliate of Safe Harbor...
Axonic Capital has provided $50 million of senior mortgage financing against the 245,000-square-foot Merchants Exchange Building in the heart of San Francisco's financial district. The loan has a three-year term but comes with two one-year extension options. It...
Commercial Real Estate Direct Staff Report The Queens Place retail property in the Elmhurst neighborhood in Queens, N.Y., which is encumbered by $110 million of financing, has been reappraised at a value of $90 million. The circular property...
Affinius Capital has provided a $300 million loan against the 495-unit apartment property at 102 Fleet St. in downtown Brooklyn, N.Y. The property is owned by the Jay Group of Brooklyn, which will use proceeds of the financing...
Commercial Observer A venture of Kaufman Investments and Two Sigma Real Estate has paid $52 million, or $379.56/sf, for the 137,000-square-foot office building at 40 West 25th St. in Midtown Manhattan. It acquired the property from a venture...
Commercial Property Executive AEW Capital Management has paid $110.6 million for two industrial properties totaling 995,784 square feet in California's Inland Empire region. The Boston investment manager acquired the properties from Scuderia Development. AEW paid $70.4 million, or...
The Real Deal Fortress Investment Group has paid $50 million, or $95,238/room, for Westin O'Hare, a 525-room hotel in Rosemont, Ill., a northwestern suburb of Chicago. The New York investment manager acquired the property from Clarion Partners, also...
Commercial Real Estate Direct Staff Report AndMark Management Co. has paid $28.25 million, or $103,860/unit, for the 272-unit Brookwood apartment property in Tucson, Ariz. The Los Angeles investment manager, which invests in apartment properties through a series of...
Phoenix Business Journal An affiliate of InvenTrust Properties has paid $31.2 million, or $519.19/sf, for a 60,094-square-foot portion of Marketplace at Hudson Station, a 197,830-sf retail center in Queen Creek, Ariz. The Downers Grove, Ill., retail REIT acquired...
Tampa Bay Business Journal Ram Realty Advisors has paid $131 million, or $400,612/unit, for Beacon 430, a 327-unit apartment complex in downtown St. Petersburg, Fla. The Palm Beach Gardens, Fla., company purchased the four-story property from Ascent Residential...
Commercial Observer JSRE Acquisitions has paid $40 million, or $3,846/sf, for the 10,400-square-foot retail building at 713 Madison Ave. on Manhattan's Upper East Side. The New York investor bought the six-story building from French luxury retail company Longchamp,...
Pearlmark Real Estate has provided a $70 million loan against the 525,000-square-foot Tri-State Distribution Center in Claymont, Del., near Wilmington, Del. The three-year loan, arranged by JLL Capital Markets, allowed the property's owner, a venture of KPR Centers...
Commercial Real Estate Direct Staff Report Multifamily construction starts increased last year to 393,000 units from the 332,000 units that were started in 2024, putting them at a level greater than the 316,000-unit annual average between 2015 and...
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