Commercial Real Estate Direct Staff Report Rise48 Equity has paid $217 million, or $200,925/unit, for the 108-unit Northern apartment property in Phoenix The Scottsdale, Ariz, investment manager bought the property, the former Solano Pines at 17840...
Boyd Wilson LLC has paid $97 million, or $252,604/unit for the 384-unit Landings apartment property in Bethlehem, Pa The Lancaster, Pa, investment manager purchased the property, at 1818 Catasauqua Road, from an investor group, Valley Park South LLC...
Crain’s Chicago Business Acadia Realty Trust is offering for sale the five retail buildings with 103,526 square feet at 2731 North Clark St and 639, 662, 613-623 and 651-671 West Diversey Parkway in Chicago The New York REIT has hired Newmark...
Netflix Inc has struck a deal to pay about $400 million for the Radford Studio Center television production studio in Los Angeles The Los Gatos, Calif, entertainment company would be buying the 113 million-square-foot property, the former CBS Studio...
Commercial Real Estate Direct Staff Report A total of $349 billion of previously delinquent CMBS loans were cured, or made performing once again last month, contributing to the 37% reduction in the overall volume of loans that are now more than...
A venture of Eagle Real Estate Partners and Vistria Group has paid $1325 million, or $329,601/unit, for the 402-unit Crystal View Apartments in the Los Angeles suburb of Garden Grove, Calif The venture – Eagle is based in Los Angeles, while...
Goodwill Industries International has paid $1975 million, or $179/sf, for the 110,330-square-foot office building at 761 Wheaton St in Savannah, Ga The five-story building was purchased from an investor group led by Margaret Bowen of Alpharetta, Ga,...
Crain’s Chicago Business A venture of Glenstar Properties and investor Patrick Halloran has taken title to the 966,924-square-foot office building at 500 West Monroe St in Chicago through a deed in lieu of foreclosure The venture previously...
Philadelphia Inquirer The proposed sale of the 176 million-square-foot office building at 1500 Market St in downtown, or Center City Philadelphia, evidently has fallen apart The 37-story building, commonly referred to as Centre Square, backs a $368...
The office sector has been ground zero for distress in the commercial real estate market, but CMBS delinquencies suggest a nuanced picture...
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