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...
South Florida Business Journal Gomez Development Group has plans to build a 263,371-square-foot medical-office building in Aventura, Fla The Miami developer has lined up $45 million of construction financing for the seven-story property, which is...
South Florida Business Journal Western-Southern Life Assurance Co has provided a $72 million construction loan for the development of the Palm Beach Riverstone Apartments in West Palm Beach, Fla American Group of Los Angeles recently broke ground on...
Orlando Business Journal Centennial Bank has provided $40 million of construction financing for the development of Celebration Pointe, a 127,277-square-foot mixed-use property in suburban Orlando, Fla Unicorp National Developments Inc is building...
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...
St Louis Business Journal Tri-Star Properties has broken ground on Heartland View, a 201-unit apartment property in Wentzville, Mo The St Louis developer is building the property on a 13-acre site at 10 Cox Lane, about 40 miles west of downtown St...
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...
Boston Business Journal Blackstone Group has paid $1535 million, or $12792/sf, for a pair of industrial buildings with a combined 12 million square feet in the Boston suburb of Northborough, Mass The New York investment manager bought the properties...
Crain’s New York Business The 399-room Omni Berkshire Place hotel in Manhattan is reopening on Nov 1 TRT Holdings, the property’s opener, had closed the hotel last year and considered converting it into office space But the Irving,...
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!
