Orlando Business Journal Clarion Partners has paid $9055 million, or about $13539/sf, for the Northwest Distribution Center, a 668,800-square-foot industrial property in the Orlando, Fla, suburb of Apopka, Fla The New York company purchased the...
Charlotte Business Journal LM Real Estate Partners has purchased the Logistics Pointe Distribution Center, an 879,128-square-foot industrial property in Charlotte, NC, for $82 million, or about $9327/sf An affiliate of New York Life Insurance Co was...
Commercial Observer TD Bank has provided a $725 million construction loan for a 133-unit apartment project that’s being developed at 544 Carol St in the Gowanus section of Brooklyn, NY JLL arranged the financing The property is being developed...
Commercial Observer Customers Bank has provided $64 million of financing for the construction of a 197-unit apartment property at 580 Gerard Ave in the Mott Haven section of the Bronx, NY The property is being developed by a venture of Stellar...
Phoenix Business Journal Dynamic City Capital has paid $102 million, or $576,271/unit, for Canopy by Hilton Scottsdale Old Town, a 177-room hotel in Scottsdale, Ariz The Provo, Utah, investment firm purchased the hotel from Miller Global Properties,...
Commercial Real Estate Direct Staff Report Blackstone Group has sold its 80 percent stake in Metropolitan Square in the East End of Washington, DC, for $305 million, valuing the 656,546-square-foot office building at $38125 million, or nearly...
Houston Business Journal Parkway has bought a pair of office properties with about 266 million square feet in Houston for undisclosed prices The seller, which was represented by Eastdil Secured, was not identified Parkway formed in May when Parkway...
MIG Real Estate has paid $611 million, or $442,753/unit, for the 138-unit Newport Palms Apartments in Costa Mesa, Calif The Newport Beach, Calif, investor purchased the property from MG Properties of San Diego The deal was highlighted by Kidder...
Empire State Realty Trust Inc has paid $264 million for a pair of neighboring mixed-use properties in the Williamsburg section of Brooklyn, NY The properties, 157 and 161 Wythe Ave, are at the northeast intersection of North 6th Street, and have six...
Orlando Business Journal PLK Communities has bought the Harbortown Apartments, a 428-unit complex in Orlando, Fla, for $861 million, or about $201,168/unit The Cincinnati company purchased the three-story property from LivCor of Chicago, which had...
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.
