The major apartment-owning REITs pulled back on acquisitions in the first quarter, reducing their purchases by nearly three-quarters when compared with last...
Commercial Real Estate Direct Staff Report The Vornado Realty Trust venture that owns the 194,000-square-foot office building at 61 Ninth Ave in Manhattan’s Chelsea neighborhood has lined up a $161 million mortgage from UBS Vornado owns the...
A venture led by CenterSquare Investment Management has paid $1715 million, or nearly $161/sf, for the 106,643-square-foot Philips Highway Industrial Park in the Southside area of Jacksonville, Fla The Conshohocken, Pa, investment manager bought the...
Denver Business Journal A venture of Wood Partners and EIG EuroInvestor has broken ground on Alta Longmont, a 252-unit apartment property in Longmont, Colo Wood, of Atlanta, and EIG, of Germany, are developing the apartments at 251 East Rogers Road,...
Silicon Valley Business Journal Peninsula Land & Capital has paid $246 million, or $19871/sf, for Lincoln Court, a 123,800-square-foot office property in Campbell, Calif, about 50 miles south of San Francisco The Palo Alto, Calif, investment...
Commercial Real Estate Direct Staff Report The freestanding Lord & Taylor store in the Westchester County, NY, town of Scarsdale has been sold for $796 million, or nearly $401/sf The 198,523-square-foot property, on 11 acres at 750 White Plains...
Crain’s Chicago Business A group led by investor Prakash Patel has paid $29 million, or $124,463/room, for the 233-room Homewood Suites hotel in downtown Chicago Patel acquired the property, at 40 East Grand Ave, from Brookfield The hotel was...
Dwight Capital has originated a $130 million loan under the US Department of Housing and Urban Development’s 223(f) program against the 358-unit Gardens Residences in downtown North Miami The loan allowed the property’s developer, Omega...
Philadelphia Business Journal A venture of Finmarc Management and KPR Centers is offering for sale Providence Town Center, a 760,000‑square‑foot shopping center in Collegeville, Pa CBRE has the listing for the retail property, which sits on an...
Nashville Business Journal Cushman & Wakefield has been tapped to market for sale the Radius Building, a 265,000‑square‑foot office property in Nashville, Tenn Rubicon Equities owns the 10-story building at 601 11th Ave North in the...
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