Philadelphia Business Journal Velocity Venture Partners has paid $195 million, or $4311/sf, for the 452,323-square-foot industrial building at 1180 Church Road in Lansdale, Pa, a Philadelphia suburb The Philadelphia investment firm bought the...
Commercial Observer Akelius has paid $103 million, or $293,447/unit, for the 351-unit Edition apartment property in Hyattsville, Md, about eight miles northeast of Washington, DC The Swedish investor bought the property from a venture of PCCP and...
Velocis, which has targeted office, medical-office and retail properties since its inception in 2010, is expanding its focus to include apartments The shift was prompted by the coronavirus pandemic and the resulting uncertainty surrounding long-term...
Commercial Real Estate Direct Staff Report The Destiny USA mall in Syracuse, NY, has been appraised at a value of only $203 million, down from the $710 million pegged to it in 2014, when $430 million of CMBS debt was provided against it The property...
Commercial Real Estate Direct Staff Report A venture of One Real Estate Investment and MLG Capital has paid $363 million, or $117,097/unit, for the 310-unit Kelston Apartments in Charlotte, NC It bought the property from Emma Capital Investments Inc...
REBusiness Online Toda America has paid $347 million, or $28869/sf for the 120,199 square-foot Hites Plaza office property at 5601 Arnold Road in Dublin, Calif The San Francisco investor acquired the property from an undisclosed seller in a deal...
Hartford Business Journal NorthBridge has paid $245 million, or $13252/sf, for a 184,875-square-foot industrial property in Wallingford, Conn, that is fully leased to Amazoncom Inc The Wakefield, Mass, real estate investor bought the property from...
Crain’s Chicago Business LXG has acquired the 145-unit Holiday Inn and Suites at 506 West Harrison St in Chicago for an undisclosed price The Chicago investor bought the property from a venture controlled by the estate of late Chicago investor...
San Francisco Business Times Harvest Properties has paid $165 million, or $96437/sf for the 171,096 square-foot office building at 360 Spear St in San Francisco The Oakland, Calif, investor acquired the property from a venture of Madison Capital and...
Avanath Capital Management has raised $760 million of equity commitments for its most recent fund, exceeding its $550 million target The vehicle, Avanath Affordable Housing IV LLC, is nearly twice the size of the Irvine, Calif, investment...
