The Real Deal Abraham Trust, led by Jacob Garlick, placed the winning bid of $190 million, or $745/sf, for the iconic Flatiron Building at 175 Fifth Ave in Manhattan The 121-year-old property was auctioned through Mannion Auctions in order to settle...
Orlando Business Journal Plans are moving forward on the Westmoreland Square apartment project in Orlando, Fla Aron Herczl, a Brooklyn, NY, developer, is building the 115-unit project at the southwest corner of West Colonial and North Westmoreland...
South Florida Business Journal An affiliate of Madison Realty Capital has provided $501 million of construction financing for the Olara residential property in West Palm Beach, Fla Savanna of New York is developing the waterfront property on 182...
Commercial Property Executive A venture of BKM Capital Partners and Investcorp has paid $1578 million, or $21324/sf, for a portfolio of four industrial properties with 740,000 square feet in Las Vegas BKM, of Newport Beach, Calif, and Investcorp, of...
Longpoint Realty Partners has paid $227 million, or $34391/sf, for Cardenas Marketplace, a 66,006-square-foot retail center in Montclair, Calif The seller could not be identified immediately CBRE arranged the transaction The Boston investment...
Property values in the United States are expected to decline this year by 10 percent and by another 5 percent next year, according to Oxford Economics The UK research company noted that while the expected 15 percent decline is massive, it would pale...
Commercial Real Estate Direct Staff Report Only $269 billion of commercial properties changed hands in February, according to MSCI Real Assets While that’s nearly 34 percent more than the $2014 billion of volume that traded in January,...
Commercial Real Estate Direct Staff Report State Farm Life Insurance Co has provided $1606 million of financing to facilitate a Fidelity Investments affiliate’s purchase of Chandler Crossroads I and II, a 216,322-square-foot industrial...
Commercial Real Estate Direct Staff Report Waterton has paid $635 million, or $516,260/unit, for 128 on State, a 123-unit apartment property in Kirkland, Wash The Chicago investment manager purchased the property from an affiliate of Prometheus Real...
A venture of Axton Group and Bascom Group has sold two nearby apartment properties with a combined 486 units in Colorado Springs, Colo, for $741 million, or $152,469/unit The buyer was an investor group registered in Wilmington, Del, according to El...
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