Piedmont’s Acquisition of 3 Dallas Office Buildings Closes

The Real Deal A venture of Black Spruce Management and Orbach Affordable Housing Solutions has paid $3875 million, or $949,754/unit, for the 408-unit apartment building at 685 Fifth Ave in Manhattan The purchase is part of the venture’s June...

Commercial Real Estate Direct Staff Report City National Bank has provided $14412 million of financing to facilitate Ezralow Co’s purchase of two apartment properties with 624 units in Gilbert, Ariz The Los Angeles bank provided $8369 million...

Triad Business Journal Westcore has bought a pair of industrial buildings totaling 340,000 square feet in Winston-Salem, NC, for $369 million, or about $10853/sf An affiliate of Front Street Capital of Winston-Salem sold the properties, at 4980 and...

Jacksonville Business Journal Hakimian Holdings has bought the 136,853-square-foot office building at 245 Riverside Ave in Jacksonville, Fla, for $2515 million, or about $18377/sf The Jacksonville company acquired the property from CTO Realty Growth...

Multi-Housing News Friedkin Property Group has purchased the 250-unit Windsor at the Gramercy apartment property in White Plains, NY, for $113 million, or $434,615/unit The San Francisco family-owned company bought the property, at 2 Canfield Ave,...

Multi-Housing News CORE Pacific Advisors has paid $150 million, or $380,710/unit, for Arbour Commons, a 394-unit apartment property in Westminster, Colo, about 17 miles north of Denver The Newport Beach, Calif, investment firm purchased the property...

Puget Sound Business Journal Trinity Property Consultants, an affiliate of FPA Multifamily, has paid $415 million for two nearby apartment properties with a combined 155 units in Seattle The Irvine, Calif, company purchased the apartments from...

REJournalscom JDI Realty LLC has acquired LA Centre Office Plaza I and II, a two-building property with 139,805 square feet in Westlake, Ohio, about 13 miles west of Cleveland The sales price could not yet be learned Newmark represented the unnamed...

Dallas Business Journal Blue Star Land has sold a pair of industrial buildings totaling 244,364 square feet in the Dallas suburb of Frisco, Texas Lincoln Property Co bought the properties, Star Commerce Center II and IIIA at 16005 and 16440 Gateway...

Dallas Business Journal Stonelake Capital Partners has filed plans to build an apartment building in the Deep Ellum section of Dallas The local developer wants to construct the 17-story property at 2916 Taylor St, between South Malcolm X Boulevard...