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...
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 Staff Report A total of $19304 billion of commercial properties changed hands during the third quarter – the largest quarterly volume since Real Capital Analytics started tracking such data in 2001 The massive...
San Antonio Business Journal Professional Equity Management has bought The Mark Huebner Oaks, a 361-unit apartment complex in San Antonio The Scottsdale, Ariz, company acquired the property, at 11138 Huebner Oaks Road, from Godfrey Residential...
Dallas Morning News Camden Property Trust has bought a pair of apartment properties in Dallas for an undisclosed price The Houston REIT bought the properties from an unidentified Tennessee-based investor Stillwater Capital of Dallas built the...
Taurus Investment Holdings has paid $536 million, or $258,937/unit, for the 207-unit Chestnut Place apartment property in the Boston suburb of Ashland, Mass The Boston investment manager bought the 50-year-old property, at 5-18 Joanne Drive, from...
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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