ACRE, formerly known as Asia Capital Real Estate, has provided $435 million of financing to fund Peak Capital Partners’ $625 million, or $416,667/unit, purchase of the 150-unit Connect at First Creek in Denver The loan, arranged by KeyBank...
Commercial Real Estate Direct Staff Report Harbor Associates has backed out of its agreement to buy the Union Bank Plaza office building in Los Angeles for $165 million The Long Beach, Calif, investment manager had struck a deal to buy the...
Charlotte Business Journal A venture of Childress Klein and The Springs Co has sold Kingsley Park VII, a 58,937-square-foot office building in the Charlotte, NC, suburb of Fort Mill, SC, for $1665 million, or about $28251/sf Waitt Co of Omaha, Neb,...
Tampa Bay Business Journal Lurin has paid more than $132 million, or about $191,582/unit, for the Cove on the Bay apartment property in Tampa, Fla The Dallas investment firm bought the 689-unit property from Gamma Real Estate, which had purchased it...
Tampa Bay Business Journal Colliers’ Florida Multifamily Team has negotiated the sale of the newly built Solle, a 47-unit apartment property in Sarasota, Fla, for $2335 million, or about $496,809/unit The buyer and seller were not identified...
Charlotte Business Journal Edgewater Ventures and Stockbridge Capital Group have paid $135 million, or about $8832/sf, for a 152,852-square-foot industrial building in Charlotte, NC The Boy Scouts of America sold the property, at 2109 Westinghouse...
South Florida Business Journal An affiliate of Rockpoint Group has sold 1221 Brickell, a 656,821-square-foot office building in Miami for $2865 million, or about $43619/sf A company managed by Randall Davis of Palm Beach, Fla, was the buyer The...
San Antonio Business Journal Ground is breaking this fall on Prose New Braunfels, a 378-unit apartment property in New Braunfels, Texas Alliance Residential Co of Scottsdale, Ariz, is developing the 14-building project on a 35-acre at 216 South...
Dallas Morning News Albany Road Real Estate has bought The Summit, a two-building office park near downtown Fort Worth, Texas The Boston investor acquired the eight-story property, with more than 240,000 square feet, from Pennybacker Capital of...
Dallas Morning News Crescent Real Estate is offering for sale McKinney & Olive, a 536,000-square-foot office building in Dallas’ Uptown neighborhood JLL has been tapped to market the 20-story property, which was built in 2016 It cost $225...
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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