Commercial Observer BridgeCity Capital has provided $474 million of financing for the development of a 170-unit apartment property at 1104 Pacific St in the Prospect Heights section of Brooklyn, NY The property is being developed by Castell Group of...
AZ Big Media A venture of IndiCap and VAC Development has broken ground on Chandler Bay, a 110,481-square-foot industrial property in Chandler, Ariz IndiCap and Vac, both of Las Vegas, are building the property at 1820 East Germann Road, about 25...
The J Paul Getty Trust has paid $382 million for a 116-acre development site at 10918-10926 Le Conte Ave in Westwood, Calif The art institution acquired the site, which is currently home to a 9,647-square-foot office, from Beitler Commercial Realty...
Commercial Real Estate Direct Staff Report Levine Investments has paid $615 million, or $20731/sf, for Rio West Business Park, a five-building office property with 296,663 square feet in Tempe, Ariz The Phoenix investment firm acquired it from...
The major mortgage REITs, which originated nearly $50 billion of commercial mortgages in 2021, originated $225 billion of loans last year While far off the record volume of five years ago, it's roughly four times 2024's total...
Benedict Canyon Equities has paid $4275 million, or $323,863/unit, for Sunrise Fountain, a 132-unit apartment property in Anaheim, Calif The Los Angeles investment manager acquired the property, at 2104 South Lewis St, from Consensys Property...
The Wall Street Journal Citadel Enterprises America might not move forward with its planned 185 million-square-foot office project at 350 Park Ave in Midtown Manhattan The move would be in response to the city and state’s proposal to impose a...
Commercial Real Estate Direct Staff Report A record 252 million young adults were living with family last year, up by almost 1 million from the previous year That topped the 25 million young people—those between 18 and 34 years old—who lived...
North River Partners and Amzak Capital Management have provided $685 million of financing for the development of the 215-unit Flats Flagler Gateway apartment property in Fort Lauderdale, Fla The 12-story property is being developed on a 146-acre...
AZ Big Media Creation Equity has paid $1805 million for a 38-acre development site at the northeast corner of Corporate Drive and 117th Avenue in Avondale, Ariz The Phoenix developer is planning to build a 699,700-square-foot industrial property on...
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