The Real Deal Abraham Trust, led by Jacob Garlick, placed the winning bid of $190 million, or $745/sf, for the iconic Flatiron Building at 175 Fifth Ave in Manhattan The 121-year-old property was auctioned through Mannion Auctions in order to settle...
Commercial Property Executive A venture of BKM Capital Partners and Investcorp has paid $1578 million, or $21324/sf, for a portfolio of four industrial properties with 740,000 square feet in Las Vegas BKM, of Newport Beach, Calif, and Investcorp, of...
Longpoint Realty Partners has paid $227 million, or $34391/sf, for Cardenas Marketplace, a 66,006-square-foot retail center in Montclair, Calif The seller could not be identified immediately CBRE arranged the transaction The Boston investment...
Property values in the United States are expected to decline this year by 10 percent and by another 5 percent next year, according to Oxford Economics The UK research company noted that while the expected 15 percent decline is massive, it would pale...
Commercial Real Estate Direct Staff Report Only $269 billion of commercial properties changed hands in February, according to MSCI Real Assets While that’s nearly 34 percent more than the $2014 billion of volume that traded in January,...
Commercial Real Estate Direct Staff Report State Farm Life Insurance Co has provided $1606 million of financing to facilitate a Fidelity Investments affiliate’s purchase of Chandler Crossroads I and II, a 216,322-square-foot industrial...
Commercial Real Estate Direct Staff Report Waterton has paid $635 million, or $516,260/unit, for 128 on State, a 123-unit apartment property in Kirkland, Wash The Chicago investment manager purchased the property from an affiliate of Prometheus Real...
A venture of Axton Group and Bascom Group has sold two nearby apartment properties with a combined 486 units in Colorado Springs, Colo, for $741 million, or $152,469/unit The buyer was an investor group registered in Wilmington, Del, according to El...
Multi-Housing News Clarion Partners Real Estate Income Fund has purchased the 176-unit Retreat at Weaverville apartment property in Asheville, NC, for $528 million, or $300,000/unit Graycliff Capital sold the property, at 61 Garrison Branch Road,...
The Real Deal The Kislak Organization has sold Kislak Office Plaza, a 77,000-square-foot office property in Miami Lakes, Fla, for $21 million, or about $273/sf The Ward Law Group bought the two-building property, at 7900 NW 154th St, which was built...
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