LaSalle Investment Management has paid $1556 million, or $341,228/unit, for Ely at The Curve, a 456-unit apartment property in Las Vegas The Chicago investment manager purchased the property from Calida Group of Las Vegas, which had acquired it in...
Provender Partners has paid $30 million, or $5263/sf, for Provender Midwest Distribution Center, a 570,028-square-foot industrial property in Manteno, Ill The Newport Beach, Calif, company purchased the property from Cardinal Industrial of Sherman...
Commercial Real Estate Direct Staff Report A venture of Trinity Property Group and College Town Communities has paid $432 million, or $75,789/room, for the 570-room Campus Palms student-housing property in Tampa, Fla, two blocks from the University...
Commercial Real Estate Direct Staff Report Avanti Residential has entered Florida, Kansas and Utah this year, purchasing six properties with 2,333 units for a total of $573 million The 16-year-old Denver company previously had focused on Arizona and...
Crain’s New York Business Vornado Realty Trust plans to construct 573-unit apartment property at 61-10 Junction Blvd in Queens, NY The 32-story building would also have commercial and community space as well as 686 parking spots It would sit...
Real Estate NJ CHA Partners broke ground this week for the Royal at Bloomfield Station, a 224-unit apartment project in Bloomfield, NJ The property, at the corner of Ward Street and Bloomfield Avenue, will have 210 rental units and 14 for-sale...
The Real Deal Quinlan Development Group has filed plans to build a 197-unit apartment project in Brooklyn, NY The 17-story building, at 374 Fourth Ave, would also have 6,000 square feet of commercial space Quinlan, of New York, expects construction...
Klingbeil Capital Management has paid $495 million, or $361,313/unit, for Avery at TownCentre, a 137-unit apartment property in Brentwood, Calif The Manassas, Va, investment manager purchased the property from ConAm Group, which had acquired it in...
Timberland Partners has paid $435 million, or $258,928/unit, for the 168-unit Vincent Woods Apartments in the Minneapolis suburb of Rogers, Minn The Bloomington, Minn, company purchased the property from its developer, Trident Development of Saint...
Commercial Real Estate Direct Staff Report The $780 million CMBS loan that KKR & Co had assumed as part of its purchase of a portfolio of 48 select- and limited-service hotels with 6,402 rooms has been extended by another six years to June 2027...
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.
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