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...
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...
Washington Business Journal The NHP Foundation has paid $537 million, or $246,330/unit, for Hadley Germantown, a 218‑unit affordable-housing complex in Germantown, Md, about 25 miles northwest of downtown Washington, DC The New York nonprofit...
Charlotte Business Journal Miramar Capital has paid $558 million, or $315,254/unit, for a pair of build‑to‑rent townhome communities with a total of 177 units in Charlotte, NC The Los Angeles investment firm purchased the properties from Hopper...
Boston Business Journal Boylston Properties has paid $46 million, or $29299/sf, for a 157,000‑square‑foot office property at 30‑44 Washington St in Wellesley, Mass The Boston company purchased the five‑building complex from the Haynes...
PCCP has provided $130 million of senior financing for the construction of a 304-unit apartment property and adjoining 47,892-square-foot grocery store in the Mott Haven area of the Bronx, NY The property, dubbed The 360, is being developed at 350...
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