A San Francisco investor group comprised of Prado Group and Presidio Bay Ventures, which had come close to sewing up a deal to buy the beleaguered San Francisco Centre shopping mall, will not be buying the 145 million-square-foot property, according...
New York Times The 38-story office property at 235 East 42nd St in Midtown Manhattan that is undergoing a residential conversion has been evacuated as construction workers noticed cracks, as well as structural support beams beginning to buckle on...
Commercial Property Executive MCA Realty has paid $206 million, or $14896/sf, for a three-building industrial property totaling 138,296 square feet in Kent, Wash, a city that’s 14 miles south of Seattle The Santa Ana, Calif, investment firm...
Boston Business Journal A venture of Lincoln Property Co and investors advised by JPMorgan Asset Management has bought The Edge, a 962,000-square-foot office complex in Wakefield, Mass, for $61 million, or $6341/sf Hobbs Brook Real Estate of...
It appears the Valley West Mall in West Des Moines, Iowa, is once again under contract to be sold The 856,428-square-foot shopping center had been expected to sell for $131 million to the city of West Des Moines, which was working with ATI Group,...
Commercial Observer Delshah Capital has paid $1278 million for a portfolio of three mixed-use properties in the Williamsburg section of Brooklyn, NY, in separate deals The New York real estate developer paid $458 million for 227 Grand St, which has...
Last year, at least 25 data-center projects throughout the country were canceled because of local resistance, a quadrupling of the number of projects that were nixed in 2024, according to Newmark...
Boston Business Journal Driscoll Foods has paid $43 million, or $12898/sf, for a 333,386-square-foot industrial facility at 1 Van Bergen Lane in West Coxsackie, NY The Wayne, NJ, family-owned food distributor purchased the property from Winstanley...
Boston Business Journal Northeastern University has paid $169 million, or $241,429/bed, for the East Village student-housing property in Boston The university acquired the building from Phoenix Property Co and Lincoln Property Co, both of Dallas...
Commercial Real Estate Direct Staff Report Target Corp has signed a 15-year lease for 135,000 square feet at the Rego Park Shopping Center in Queens, NY The Minneapolis retailer leased the space from Alexander’s Inc of Paramus, NJ, which is...
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.
