Commercial Real Estate Direct Staff Report Avanath Capital Management LLC has paid $119 million, or $464,843/unit, for Lincoln Park Plaza, a 256-unit apartment property in Chicago The Irvine, Calif, investment manager purchased the property from an...
The sale of the Union Bank Plaza office building in Los Angeles finally has been completed Waterbridge Capital completed its long-anticipated purchase of the 701,888-square-foot building for $142 million, or $202/sf The contract price was $155...
Terreno Realty Corp has paid $186 million, or just more than $308/sf, for the Morton Commerce Center, a four-building industrial property in Newark, Calif, which is just north of San Jose, Calif The Bellevue, Wash, REIT bought the property from its...
The Registry Olympus Property has paid $1125 million, or $628,491/unit, for Angelene, a 179-unit apartment property in West Hollywood, Calif The Fort Worth, Texas, investor purchased the property from JPMorgan Asset Management in a deal brokered by...
Commercial Real Estate Direct Staff Report HPS Investment Partners has taken over the 617,000-square-foot office building at 850 Third Ave in Manhattan in a $26593 million deal The New York investment manager, which has nearly $100 billion of assets...
South Florida Business Journal Boulder Hotel Coral Springs LLC has sold the 110-room Courtyard by Marriott Fort Lauderdale Coral Springs hotel for $157 million, or about $142,727/room A venture that includes Midfield Investments of Warren, Mich, was...
South Florida Business Journal An affiliate of Phillips Edison & Co has paid $148 million, or about $19869/sf, for the Sunset Lakes Shops retail center in Miramar, Fla The Cincinnati REIT, which owns and operates shopping centers throughout the...
The Real Deal Phase 3 Real Estate Partners has paid $102 million, or $408/sf, for Skyway Landing, a two-building office property with 250,000 square feet in San Carlos, Calif The San Diego developer purchased the property from Hudson Pacific...
ConnectCRE Reyes Holdings has paid $140 million, or $29077/sf, for Richmond Distribution Center 3, a 481,487-square-foot industrial property in Richmond, Calif The Rosemont, Ill, producer and distributor of food and beverage products purchased the...
Park Plaza Mall in Little Rock, Ark, has been acquired by Second Horizon Capital for what is said to have been between $25 million and $27 million The company bought the property from a CMBS trust that had taken it by foreclosing on what was a $738...
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.
