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...
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...
South Florida Business Journal Harry Bruder, trustee of the Genia Bruder Revocable Trust, has sold a pair of apartment properties with a total of 44 units in Bay Harbor Islands, Fla, for $225 million, or about $511,364/unit Companies managed by...
South Florida Business Journal Birge & Held has bought Lakeridge at the Moors, a 175-unit apartment property in Miami, for $5513 million, or about $315,029/unit The Indianapolis multifamily investor purchased the complex from ...
Commercial Real Estate Direct Staff Report MIG Real Estate has paid $53 million, or $509,615/unit, for Cedar Rim, a 104-unit apartment property in Newcastle, Wash The Newport Beach, Calif, investor purchased the property from Apartment Investment...
Commercial Real Estate Direct Staff Report The $6508 million CMBS loan against the Southland Center Mall in the Detroit suburb of Taylor, Mich, defaulted at its maturity last month The loan is the second largest in the collateral pool for...
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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