A venture of Lone Star Funds and Woolbright Development has paid $10166 million, or $239/sf, for Legacy Place, an open-air, lifestyle retail center with 425,316 square feet in Palm Beach Gardens, Fla The property, on a 43-acre parcel at 11290 Legacy...
Puget Sound Business Journal Smart Warehousing LLC has agreed to lease 167,000 square feet of industrial space at SeaPort Logistics Center in Sumner, Wash, about 30 miles south of Seattle The logistics company will take its space at 14475 Stewart...
Kushner Cos has paid $82 million, or $273,333/unit, for the 300-unit Lumen apartment property in Hampton, Va The New York real estate investor bought the property, at 2100 North Campus Parkway, from a venture of LM Sandler & Sons of Virginia...
The number of sale-leaseback transactions, driven by the heady activity in the mergers and acquisitions market, totaled 185, up 93 percent in the second quarter when compared with a year ago That's according to analysis by SLB Capital Advisors,...
Bisnow Boyd Watterson Asset Management has paid $1965 million, or $55352/sf, for 675 North Randolph St, a 355,000-square-foot office building in Arlington, Va The Cleveland company bought the property from the Shooshan Cos of Arlington, which had...
Commercial Real Estate Direct Staff Report Ascendas REIT has agreed to pay $156 million, or $7091/sf, for 11 industrial properties with about 22 million square feet in and around Kansas City, Mo The Singapore company is buying the portfolio from...
Commercial Real Estate Direct Staff Report A venture of GI Partners and California Public Employees’ Retirement System has paid $254 million, or about $1,099/sf, for 520 Almanor, a 231,220-square-foot office building in Sunnyvale, Calif The...
Tower 16 Capital Partners has paid $85 million, or $257,575/unit, for the 330-unit Sorelle Apartments in Moreno Valley, Calif Mesa West Capital provided financing for Tower 16’s purchase, which was arranged by NorthMarq Berkadia brokered the...
Commercial Real Estate Direct Staff Report Starlight Investments has paid $1219 million, or $249,284/unit, for the 489-unit Indigo Apartments in Morrisville, NC, a Raleigh, NC, suburb The Toronto investment manager bought the property from Blue...
Cabot Properties has agreed to sell 102 industrial properties to Blackstone Real Estate Income Trust Inc for $23 billion The acquisition will increase, by more than 10 percent, the non-traded REIT’s exposure to the industrial sector, which...
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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