Rentvcom The Legendary Group is planning to build Above, a 350,000-square-foot office property in Los Angeles The local developer is building the 17-story property at 411 South Hewitt St, just over two miles from the city’s downtown It will...
Multi-Housing News Sack Properties has paid $61 million, or $312,820/unit, for Fairwood Landing, a 195-unit apartment property in Renton, Wash The San Francisco investment firm, which was represented by Kidder Mathews, purchased the property from...
Los Angeles Business Journal Douglas Emmett Inc has paid $330 million, or $275 million/unit, for the 120-unit apartment property at 1221 Ocean Ave in Santa Monica, Calif The local REIT purchased the property from Irvine Co of Newport Beach, Calif...
Commercial Observer Harrison Street has paid $156 million, or $1,457/sf, for two medical office properties with a combined 107,000 square feet in Beverly Hills, Calif, and Santa Monica, Calif The Chicago investment management firm purchased the...
Rentvcom Becton, Dickinson and Co has agreed to lease 240,000 square feet at Park Point, a 472,000-sf office and research and development property in Milpitas, Calif JLL brokered the lease on behalf of the medical technology company, while Newmark...
Multi-Housing News Tides Equities has paid $65 million, or $270,833/unit, for Laurel Park, a 240-unit apartment property in Las Vegas The Los Angeles investor purchased the property from Sunset Group, which had acquired it in 2019 for $32 million...
Meridian Pacific Ltd is offering for sale the 113,425-square-foot Puna Kai Shopping Center in Pahoa, Hawaii The Waipahu, Hawaii, developer has hired Marcus & Millichap to market the retail property for sale It’s expected to sell for $75...
Multi-Housing News EverWest Real Estate Investors has paid $545 million, or $419,230/unit, for the 130-unit Muir Apartments in Seattle The Denver company purchased the property from its developer, Daly Partners, which was represented by Kidder...
San Diego Business Journal Equity Street Capital has paid $217 million, or $328,787/unit, for Elivia, a 66-unit apartment property in San Diego The Seattle investor purchased the property from ALA Spring Mountain LLC in a deal brokered by Berkadia...
Denver Business Journal Summit Communities has paid $695 million, or $259,328/unit, for the 268-unit Arboreta Apartments in Aurora, Colo The Denver investor purchased the property from Evergreen Devco Inc, which had acquired it in 2020 for $46...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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