Multi-Housing News Tides Equities has paid $65 million, or $270,833/unit, for Laurel Park, a 240-unit apartment property in Las Vegas The Los Angeles investor purchased the property from Sunset Group, which had acquired it in 2019 for $32 million...
Allen Morris Co has paid $31 million for a 155-acre parcel at 1060 Donald Lee Hollowell Parkway, along Atlanta’s Westside Beltline, on which it plans to develop a mixed-use property The Miami company, which has a number of other projects...
Element Property Co has purchased the 361-unit Kernan Oaks Apartments in Jacksonville, Fla, with plans to convert the 25-year-old student-housing property into conventional rentals The property, at 3601 Kernan Blvd South, was purchased for $87...
Multi-Housing News EverWest Real Estate Investors has paid $545 million, or $419,230/unit, for the 130-unit Muir Apartments in Seattle The Denver company purchased the property from its developer, Daly Partners, which was represented by Kidder...
A venture led by Crestlight Capital has purchased the two-building SouthPark Towers office complex in Charlotte, NC, funding it with a $1678 million mortgage provided by Mesa West Capital Crestlight, which is based in Detroit, was founded five years...
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...
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...
Commercial Real Estate Direct Staff Report Silver Star Real Estate has paid $265 million, or $265,000/unit, for Maryland West, a 100-unit apartment property in Glendale, Ariz The La Palma, Calif, investor purchased the complex from CRSC Residential...
Houston Business Chronicle Interra Capital Group has bought the 162,919-square-foot One Park 10 Plaza office building in Houston The local company acquired the eight-story property from Accesso Partners LLC of Hallandale Beach, Fla The sales price...
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...
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.
Subscribe to our Weekly Newsletter!
