Multi-Housing News Abacus Capital has paid $158 million, or $336,170/unit, for the 470-unit Abbey Lane apartment property in Danbury, Conn The New York investor acquired the property from 601W Cos, also of New York, which bought it in 2019 for $124...
South Florida Business Journal McDowell Properties has bought the Nova Central Apartments, a 140-unit property in Davie, Fla, for $336 million, or $240,000/unit The Addison, Texas, company purchased the complex from Robbins Property Associates of...
Commercial Property Executive Steele Development will break ground this year on Hub at Willows, a 138,724-square-foot industrial building in Redmond, Wash The Seattle developer will build the property at 9900 Willows Road NE, about 16 miles...
Commercial Real Estate Direct Staff Report The CMBS trust that held the $105 million loan against the 80,032-square-foot Scribner Building and its neighboring Redfern Building in Midtown Manhattan suffered a $7666 million loss as a result of the...
Milwaukee Business Journal An affiliate of Altitude Capital Partners has paid $372 million, or $180,582/unit, for Bakers Place, a 206-unit apartment property in Madison, Wis The Chicago asset manager acquired the property from its developer,...
Portland Business Journal R+L Carriers has paid $405 million, or $39598/sf, for the 102,277-square-foot industrial property at 6845 North Cutter Circle in Portland, Ore The Wilmington, Ohio, freight shipping company acquired the building from a pair...
Bisnow Dean Adler, who co-founded investment manager Lubert-Adler, has agreed to buy the former Franklin Mills Mall in Philadelphia, with plans to redevelop it into mixed uses Adler would invest $100 million into remaking the 37-year-old shopping...
Nashville Business Journal Anchor WeHo Owner LLC has bought Braxton Music City, a 236-unit apartment complex in Nashville, Tenn, for $544 million, or $230,508/unit The company, led by New Jersey investor Aaron Friedman, purchased the two-building...
South Florida Business Journal An affiliate of Brasswater has paid $20 million, or $15616/sf, for the 128,071-square-foot office property at 6806-6814 North State Road 7 in Coconut Creek, Fla The Montreal real estate investor purchased the property...
Commercial Real Estate Direct Staff Report Bascom Group has paid $103 million, or $350,340/unit, for the 294-unit Ellison apartment property in Las Vegas The Irvine, Calif, investment manager acquired the property, at 9235 West Russell Road, from...
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