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...
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...
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...
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...
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...
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...
Dallas Morning News Marcus & Millichap has brokered the sale of two apartment properties in the Dallas area in separate deals Local investor Tony Lin has bought the 152-unit Vanderbilt Apartments at 2053 Estrada Parkway in the Dallas suburb of...
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...
Austin Business Journal Phoenix Hospitality Group, in a public-private partnership with the city of Marble Falls, Texas, is developing a 123-room boutique hotel and conference center The project, which is expected to be ready in 2024, will be called...
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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