Commercial Real Estate Direct Staff Report A Wisconsin court judge has approved the sale of the Southridge Mall in Greendale, Wis As previously reported, the property, owned by Simon Property Group, would be sold by its receiver, Spinoso Real Estate...
Toll Brothers City Living has paid $45 million for two development parcels in Manhattan’s West Chelsea neighborhood, completing a three-parcel assemblage it started putting together last year In its latest deal, the urban development division...
Jonathan Rose Cos has paid $85 million, or $566,667/unit, for the 150-unit La Posada Apartments in Santa Cruz, Calif The New York investor acquired the property, at 609 Frederick St, through its Rose Affordable Housing Preservation Fund VI from its...
A venture led by Tishman Speyer has paid $235 million, or just less than $196/sf, for the leasehold interest in the 12 million-square-foot Chrysler Building in midtown Manhattan The venture bought the iconic 77-story building, at 405 Lexington Ave,...
Atlanta Business Chronicle Hines has paid about $240 million, or $769,231/unit, for 99 West Paces, a 312-unit apartment property in Atlanta’s Buckhead neighborhood The seller was not immediately known The 13-story property, at 99 West Paces...
Federal Realty Investment Trust has paid a net $498 million, or just more than $572/sf, for the Summit, a 104 million-square-foot open-air retail property in Birmingham, Ala, that includes 870,000 sf of non-anchor-owned space The North Bethesda, Md,...
Philadelphia Business Journal A venture of Westport Capital Partners and Ajax Partners has paid $505 million, or $15538/sf, for a 325,000-square-foot flex industrial property at 500 Virginia Drive in Fort Washington, Pa Westport, of Darien, Conn,...
Amazoncom Inc has paid $195 million, or nearly $342/sf, for the 571,423-square-foot industrial property at 1237 West Division St in Chicago’s Goose Island neighborhood The e-commerce giant bought the two-story building—the first multi-story...
A venture of GT Capital and Benaroya Co has paid $483 million, or $8936/sf, for the 540,589-square-foot office property at 901 Fifth Ave in downtown Seattle The sale was first reported by the Puget Sound Business Journal GT Capital, of Seattle, and...
Philadelphia Business Journal Vitrian has paid $70 million, or $23760/sf, for a 294,611-square-foot life-sciences and flex portfolio in the Philadelphia suburb of Malvern, Pa The Bethesda, Md, real estate firm acquired the properties from a venture...
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