Commercial Real Estate Direct Staff Report Delshah Capital has paid $7603 million, or $535,422/unit, for the 142-unit apartment property at 34 Berry St in the Williamsburg section of Brooklyn, NY The New York investment manager acquired the property...
Commercial Real Estate Direct Staff Report High Street Residential has sold the 139-unit Corner 63 Apartments in Seattle for $591 million, or $425,179/unit The buyer was a group of Washington state investors operating as Corner 63 Owner and EPC...
South Florida Business Journal Joe Lubeck, chief executive of American Landmark Apartments, has bought the Embassy Suites by Hilton Palm Beach Gardens PGA Boulevard hotel in Palm Beach Gardens, Fla, for $40 million, or $250,000/room Lubeck...
Commercial Real Estate Direct Staff Report Fairfield Residential has paid $10999 million, or $555,505/unit, for the 198-unit Resort at Encinitas apartment property in the San Diego suburb of Encinitas, Calif The San Diego investor acquired the...
Houston Business Journal Camco Investment Group has bought the 153,671-square-foot office building at 5300 Memorial Drive in Houston The Dallas company purchased the property from Equus Capital Partners of Newtown Square, Pa, in a deal brokered by...
Dallas Business Journal A real estate fund advised by Crow Holdings Capital has purchased the 76,426-square-foot Shops at Mockingbird retail property in Dallas Local property management company Dunhill Partners sold the property, which sits on 64...
Federated Hermes Inc has purchased an 80% stake in multifamily investment manager FCP for $331 million, including $92 million in a potential earnout payment The acquisition sharply expands real estate as an asset class for Federated Hermes, a...
The Real Deal David Werner Real Estate Investments has agreed to pay about $40 million, or $20725/sf, for the 193,000-square-foot office property at 311 West 43rd St near Times Square in Manhattan’s Hell’s Kitchen area The New York...
The General Services Administration recently found that none of the 9,766 buildings the government occupies meet the 60% utilization threshold mandated by the USE IT Act, which could accelerate its property disposition...
Orlando Business Journal An affiliate of Pureland Hospitality has bought the 123-room Home2 Suites by Hilton Lake Mary hotel in suburban Orlando, Fla, for $1797 million, or $146,098/room The New York company purchased the four-story property from a...
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.
