Brass Enterprises has paid $513 million, or $300,000/unit, for Madison Grove, a 171-unit apartment property in Phoenix The Toronto investor purchased the property from Rincon Partners of Phoenix in a deal brokered by Marcus & Millichap’s...
Commercial Real Estate Direct Staff Report Rise48 Equity LLC has paid $92 million, or $319,444/unit, for the Nolan, a 288-unit apartment property in Mesa, Ariz The Phoenix investor, which was represented by Northmarq, purchased the property from an...
Multi-Housing News Sack Properties has paid $61 million, or $312,820/unit, for Fairwood Landing, a 195-unit apartment property in Renton, Wash The San Francisco investment firm, which was represented by Kidder Mathews, purchased the property from...
Commercial Real Estate Staff Report The vacancy rate for office properties in St Louis increased to 18 percent in the first quarter, its highest level since 2013 when it reached 1793 percent, according to Colliers International The latest rate...
REBusiness Online Beachwold Residential LLC has bought The Norwalk Collection, a 662-unit multifamily portfolio in Norwalk, Conn, for $2935 million, or $443,353/unit The New York developer bought the portfolio from a venture of Invictus Real Estate...
South Florida Business Journal BH Properties has taken title to a 27,000-square-foot retail building at 1100 Lincoln Road in Miami Beach, Fla, from Vornado Realty Trust The property serves as collateral for $8275 million of debt that went into...
Commercial Real Estate Direct Staff Report Commercial property prices continued to increase in April, by 051 percent when compared with March, implying an annualized rate of growth of 612 percent, according to MSCI Real Assets In contrast, prices...
Equus Capital Partners Ltd has paid $284 million, or $117/sf, for 399 and 411 Churchmans Road, a pair of neighboring industrial buildings with a total of 242,800 square feet in New Castle, Del The two buildings are 48 percent leased, but...
Los Angeles Business Journal Douglas Emmett Inc has paid $330 million, or $275 million/unit, for the 120-unit apartment property at 1221 Ocean Ave in Santa Monica, Calif The local REIT purchased the property from Irvine Co of Newport Beach, Calif...
Commercial Observer Harrison Street has paid $156 million, or $1,457/sf, for two medical office properties with a combined 107,000 square feet in Beverly Hills, Calif, and Santa Monica, Calif The Chicago investment management firm purchased the...
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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