Crain’s New York Business The 129-unit Fountaingate Gardens seniors-housing property in Commack, NY, has opened Gurwin Healthcare System developed the property, at 50 Happauge Road on Long Island, which is part of a larger 34-acre complex that...
CityBizcom A venture of Stonemont Financial Group and Stotan Industrial will break ground soon on DuPage Crossings, a 258,720-square-foot industrial property in West Chicago, Ill The property is being built speculatively on a 17-acre site at the...
Commercial Observer RFR Holding has closed on its purchase of 475 Fifth Ave, a 282,000-square-foot office building in Manhattan’s Bryant Park area for which it paid $290 million, or $1,028/sf The New York company had funded the acquisition...
The Detroit News Local developer Mark Bennett has broken ground on Lafayette West, a 318-unit residential property that will have condominium and apartment units in Detroit It will cost $150 million to construct The property will have 230 apartments...
Dallas Morning News Stillwater Capital has plans to build Chelsea 121, an 84-acre mixed-use development in Allen, Texas, about 26 miles north of Dallas The project is being planned for State Highway 121 and Chelsea Boulevard It will have about...
Dallas Morning News Sares Regis Group has bought Alta Design District, a 309-unit apartment property in Dallas for an undisclosed price The Newport Beach, Calif, company acquired the four-story property, at 1531 Inspiration Drive, from its...
Dallas Morning News Wilks Development is building the 230-acre Firefly Park mixed-use development in the Dallas suburb of Frisco, Texas The project is being built at the southwest corner of the Dallas North Tollway and US Highway 380 Work will start...
Ocean Bank has provided $67 million of financing for the construction of a proposed 290-unit apartment building at 17990 West Dixie Highway in Aventura, Fla The property is being developed by AMAC Holdings of Uniondale, NY, and ROVR Development of...
Charlotte Business Journal An affiliate of Red Hill Venture has bought the 61,079-square-foot Edison Square mixed-use property in Concord, NC, for $195 million, or about $31926/sf The Charlotte, NC, real estate firm purchased the property from an...
South Florida Business Journal Lionstone Development has acquired the 56,601-square-foot office building at 5901 Miami Gardens Drive in Miami Gardens, Fla, for $168 million, or about $29681/sf The Miami investor bought the recently renovated...
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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