Securian Asset Management has provided $32 million of mortgage financing for a pair of office buildings with 320,000 square feet in Teaneck, NJ The St Paul, Minn, investment manager provided the loan on behalf of Minnesota Life Insurance Co The...
Orange County Business Journal An affiliate of Bridge Investment Group has paid $2835 million, or $369,140/unit, for Madison Park, a 768-unit apartment property in Anaheim, Calif The Salt Lake City investor purchased the property from MG Properties...
Atlantic Management Corp has lined up a total of $965 million of mortgage financing against a pair of industrial properties in the Boston suburb of Westborough, Mass The Framingham, Mass, investment manager, working through Newmark, placed a $705...
A fund managed by DRA Advisors has partnered with retail specialist Pine Tree to pay $635 million, or $118/sf, for the Shops at CenterPoint, a 537,948-square-foot open-air shopping center in Grand Rapids, Mich The venture bought the 62-year-old...
Crain’s Chicago Business An affiliate of Morguard has paid $133 million, or $380,000/unit, for Echelon Chicago, a 350-unit apartment property in downtown Chicago The Mississauga, Ontario, investor purchased the property from Crescent Heights...
Commercial Real Estate Direct Staff Report InTrust Property Group has paid $365 million, or $280,769/unit, for Paradise Palms, a 130-unit apartment property in Phoenix The Newport Beach, Calif, investor purchased the property from Ogden Capital...
The Real Deal Bank of China has provided $412 million of financing against the 680-room JW Marriott Miami Turnberry Resort Hotel & Spa The loan, arranged by Newmark, allowed the property’s owner, Fontainebleau Development, to refinance a...
Commercial Observer Silverman Group has purchased a nine-property industrial portfolio with 372,000 square feet in Long Island, NY, for $76 million, or about $20430/sf Sherwood Equities sold the portfolio in a deal brokered by Cushman &...
Tampa Bay Business Journal The Feil Organization has bought the 393,649-square-foot Wells Fargo Center office building in downtown Tampa, Fla The purchase price was not disclosed A venture of Feldman Equities, New York Life Real Estate Investors and...
Atlanta Business Chronicle Halpern Enterprises has paid $134 million, or about $17934/sf, for the 74,719-square-foot Inverness Plaza in Birmingham, Ala The Atlanta real estate firm bought the retail property from Branch Inverness Associates LP...
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.
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