ConnectCRE Knightvest Capital has lined up $112 million of financing for its purchase of Ardan West Village, a 389‑unit apartment property in Dallas The local company bought the complex from Brookfield Properties in a deal brokered by Marcus &...
Bisnow Allan Bailey Johnson Group has paid $134 million, or $500/sf, for the 268,000-square-foot FBI Boston Division headquarters building at 201 Maple St in Chelsea, Mass The agency relocated to the eight-story building from Boston nine years ago...
Commercial Property Executive Western Realco has paid $407 million, or $30410/sf, for a 133,836-square-foot office property at 600 East Vermont Ave in Anaheim, Calif The Newport Beach, Calif, investment firm acquired it from Rexford Industrial in a...
Commercial Real Estate Direct Staff Report A venture of Basis Industrial and One Investment Management has paid $1446 million for a portfolio of three shallow-bay industrial complexes with 839,001 square feet in the Atlanta and Orlando, Fla, areas...
The Real Deal Namdar Realty Group is said to be paying about $280 million, or nearly $515/sf, for the 543,743-square-foot office building at 250 West 57th St in Manhattan The Great Neck, NY, investor is buying the 26-story building from Empire State...
Commercial Property Executive Hillwood has paid $417 million, or $7524/sf, for 70 Connect II, a 554,228-square-foot industrial property in Greenfield, Ind, an eastern suburb of Indianapolis The Dallas company acquired the property from Lauth Group...
REBusiness Online A venture of Eastham Capital and Bender Cos has bought the Park Towers Apartment Homes, a 270‑unit property in Richton Park, Ill, for $304 million, or $112,593/unit Morgan Properties of Conshohocken, Pa, sold the complex, which...
South Florida Business Journal Valoro Capital has purchased a 63,240-square-foot office building at 2125 Biscayne Blvd in Miami for $19 million, or $30159/sf The local investor acquired the four‑story property from an affiliate of Novel Coworking...
Commercial Real Estate Direct Staff Report Principal Asset Management has paid $9735 million, or $360,555/unit, for the 270-unit Biltmore at Camelback apartment complex in Phoenix The Des Moines, Iowa, investment manager acquired the property from...
Commercial Real Estate Direct Staff Report The weighted average capitalization rate for net-leased properties has declined for the first time in 15 consecutive quarters, according to the Boulder Group The overall cap rate for properties offered for...
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.
