Universe Holdings, a multifamily specialist that has focused on the Southern California market since its founding in 1994, is expanding its presence to the eastern United States It made its first non-West Coast purchase last month, paying $60...
Boston Business Journal Alexandria Real Estate Equities is buying the 405,000-square-foot Charles Park office complex in Cambridge, Mass, for $815 million, or about $2,012/sf The Pasadena, Calif, REIT is acquiring the property from a venture of...
Commercial Observer A venture of Cammeby’s International Group and Harbor Group International has agreed to pay $1 billion for a portfolio of 41 apartment properties with about 5,300 units in New Jersey It is buying the portfolio from a...
A venture of AMS Hospitality and Black Salmon has paid $255 million, or $262,887/unit, for the 97-room Circa 39 hotel in Miami Beach, Fla The venture bought the property from a local investor group that had owned it since 2008 Calmwater Capital...
Sares Regis Group has paid $691 million, or $287,916/unit, for Level at Sixteenth, a 240-unit apartment property in Phoenix The Newport Beach, Calif, investment manager acquired the property from an affiliate of Abacus Capital Group of New York,...
Commercial Real Estate Direct Staff Report Pebblebrook Hotel Trust has agreed to pay $270 million, or $731,707/room, for the 369-room Margaritaville Hollywood Beach Resort in Hollywood, Fla The Bethesda, Md, REIT is buying the property from KSL...
Commercial Observer Naftali Group has paid $71 million, or about $554,688/unit, for the 128-unit Eagle Court apartment property at 215 West 84th St in Manhattan JLL brokered the deal and arranged $46 million of acquisition financing from an...
Houston Business Journal A venture of Triten Real Estate Partners and Taconic Capital Advisors has sold 1111 Fannin St, a 428,629-square-foot office building in downtown Houston, to Harris County, Texas The purchase price was not disclosed Triten,...
Dallas Business Journal ShainRealty Capital has bought Reflections at Highpoint, a 373-unit apartment property in Dallas, for $4635 million, or about $124,263/unit The buyer was not disclosed Greysteel brokered the deal on behalf of the buyer, a Los...
Washington Business Journal Finmarc Management Inc has paid $336 million, or $168/sf, for the 200,000-square-foot Park East Corporate Center in Chantilly, Va The seller was not disclosed The three-building office property, at 14150, 14048 and 13990...
