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,...
Rent collections at professionally managed apartment properties finished last month at a 946 percent rate, according to the National Multifamily Housing Council’s Rent Payment Tracker That’s a 04 percentage-point drop from the 95 percent...
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...
Just as the uncertainty about how different property types would fare has faded as the pandemic passes, questions about the post-pandemic impacts on different property sectors are already beginning to be answered as the economy...
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,...
