Multi-Housing News Abacus Capital has paid $158 million, or $336,170/unit, for the 470-unit Abbey Lane apartment property in Danbury, Conn The New York investor acquired the property from 601W Cos, also of New York, which bought it in 2019 for $124...
South Florida Business Journal McDowell Properties has bought the Nova Central Apartments, a 140-unit property in Davie, Fla, for $336 million, or $240,000/unit The Addison, Texas, company purchased the complex from Robbins Property Associates of...
Commercial Real Estate Direct Staff Report The CMBS trust that held the $105 million loan against the 80,032-square-foot Scribner Building and its neighboring Redfern Building in Midtown Manhattan suffered a $7666 million loss as a result of the...
Milwaukee Business Journal An affiliate of Altitude Capital Partners has paid $372 million, or $180,582/unit, for Bakers Place, a 206-unit apartment property in Madison, Wis The Chicago asset manager acquired the property from its developer,...
Portland Business Journal R+L Carriers has paid $405 million, or $39598/sf, for the 102,277-square-foot industrial property at 6845 North Cutter Circle in Portland, Ore The Wilmington, Ohio, freight shipping company acquired the building from a pair...
Bisnow Dean Adler, who co-founded investment manager Lubert-Adler, has agreed to buy the former Franklin Mills Mall in Philadelphia, with plans to redevelop it into mixed uses Adler would invest $100 million into remaking the 37-year-old shopping...
Nashville Business Journal Anchor WeHo Owner LLC has bought Braxton Music City, a 236-unit apartment complex in Nashville, Tenn, for $544 million, or $230,508/unit The company, led by New Jersey investor Aaron Friedman, purchased the two-building...
South Florida Business Journal An affiliate of Brasswater has paid $20 million, or $15616/sf, for the 128,071-square-foot office property at 6806-6814 North State Road 7 in Coconut Creek, Fla The Montreal real estate investor purchased the property...
Commercial Real Estate Direct Staff Report Bascom Group has paid $103 million, or $350,340/unit, for the 294-unit Ellison apartment property in Las Vegas The Irvine, Calif, investment manager acquired the property, at 9235 West Russell Road, from...
Commercial Observer A venture of Sovereign Partners and HudsonPoint Capital has agreed to pay about $385 million, or $70772/sf, for the 544,000-square-foot office building at 575 Fifth Ave in Midtown Manhattan It is buying the 40-story building from...
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