Bridge Investment Group has paid $553 million, or $14042/sf, for the 393,817-square-foot industrial property at 830 West 450 South in Columbus, Ind, about 50 miles south of Indianapolis The Salt Lake City investment manager, which went public last...
New York Post Advance Publications has paid nearly $10 million in back rent for the 11 million square feet of space it leases at One World Trade Center in Manhattan The company, Conde Nast’s parent, had withheld paying rent in January, but...
Minneapolis/St Paul Business Journal A venture of Endeavor Development and Calibogue Capital has broken ground on Zachary Distribution Center, a 172,224-square-foot industrial property in Maple Grove, Minn Endeavor, of Edina, Minn, and Calibogue, of...
Easterly Government Properties Inc has acquired the 61,384 square-foot office property at 925 Keynote Circle in the Cleveland suburb of Brooklyn Heights, Ohio, from a local investor group The three-story property, which was built in 1982, and is...
A venture led by Brandywine Realty Trust has lined up $1867 million of construction financing against the Schuylkill Yards West mixed-use project in Philadelphia The loan matures in July 2025 and pays a floating rate that results in a 375 percent...
KKR & Co has provided $729 million of financing for the Beacon, a 187-unit apartment building in downtown Cleveland The seven-year loan, which pays a four percent coupon, was arranged by Berkadia It allowed the 29-story property’s...
Cleveland Business Journal Midwest Development Partners has broken ground on Artisan Circle Square, a 298-unit apartment property in Cleveland The local developer is building the property at the corner of Chester Ave and Euclid Ave, five miles east...
Commercial Real Estate Direct Staff Report Bank Leumi has provided $37 million of financing against the 116-unit apartment property at 222 Johnson Ave in Brooklyn, NY The loan allowed the property’s owner, Slate Property Group of New York, to...
Dallas Morning News An affiliate of HASTA Capital has lined up $561 million of Freddie Mac financing for its purchase of the Mondrian, a 218-unit apartment building in Dallas’ Uptown area Walker & Dunlop arranged the financing Additional...
Milwaukee Business Journal An affiliate of SunTrust Equity Funding LLC has paid $722 million, or $48133/sf, for the 150,000-square-foot office property at 105 to 111 West Michigan St in downtown Milwaukee The Atlanta company purchased the property...
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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