Commercial Real Estate Direct Staff Report The 759,608-square-foot Bank of America Plaza office property in downtown St Louis has sold for $96 million, resulting in a $391 million loss to the CMBS trust that held its $428 million mortgage The...
Silicon Valley Business Journal An affiliate of Property Reserve, the real estate investment arm of the Church of Jesus Christ of Latter-day Saints, has paid $29667 million, or $898,991/unit, for the Village Residences, a 330-unit apartment property...
Boston Business Journal STAG Industrial Inc has paid $444 million, or $10023/sf, for a 443,000-square-foot warehouse in Caledonia, Wis The Boston REIT acquired the industrial property from an affiliate of Scannell Properties of Indianapolis The...
Boston Business Journal Tourbineau Real Estate Partners has paid $25 million, or $29070/sf, for an 86,000-square-foot office building at 955 Massachusetts Ave in Cambridge, Mass The Seattle real estate firm purchased the property from...
Boston Business Journal Jemal Equities has paid $92 million, or $36220/sf, for the 254,000-square-foot office building at 1330 Connecticut Ave NW in Washington, DC The local real estate firm acquired the 10-story building from BXP, a Boston REIT...
South Florida Business Journal Elysee Investments has bought the Blue Lagoon Shoppes, a 29,205-square-foot retail center in Miami, for $28 million, or $95874/sf The Miami Beach, Fla, investment firm acquired the property from Keystone Holdings Group...
South Florida Business Journal Dauntless Capital Partners has paid $4424 million, or $203,871/room, for the 217-room Arlo Wynwood hotel in Miami The Houston hotel investor acquired the nine-story property from an affiliate of Quadrum Global of New...
An affiliate of 1788 Holdings LLC has paid $15 million, or nearly $146/sf, for the 103,000-square-foot industrial building at 51 Ritchie Road in the Washington, DC, suburb of Capitol Heights, Md The Falls Church, Va, investment manager was founded...
ANiMAL Group has paid $5244 million, or $194,240/unit, for the 270-unit Lorrel apartment property in Little River, SC, some 24 miles northeast of Myrtle Beach, SC The Atlanta opportunistic investor purchased the three-year-old property, at 3465...
Washington Business Journal The US government has paid $285 million, or $41545/sf, for the 686,000-square-foot office campus at 7700 Arlington Blvd in Falls Church, Va The Naval Facilities Engineering Systems Command acquired the property on behalf...
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.
