Minneapolis/St Paul Business Journal An affiliate of Larson Capital Management has paid $162 million, or $135/sf, for the 120,000-square-foot Crest Ridge Capital Center office building in Minnetonka, Minn The Chesterfield, Mo, investor acquired the...
Dallas Business Journal A venture of Pillar Commercial and Hall Capital has bought One Bethany East, a 120,170-square-foot office building in the Dallas suburb of Allen, Texas Kaizen Development Partners sold the property, at 900 West Bethany Drive,...
Brookfield Asset Management Inc has paid $3125 million, or $460,235/unit, for the 679-unit Vantage Pointe Apartments in San Diego The sales price makes it the largest multifamily transaction in 2020, according to brokerage Kidder Mathews The New...
Lexin Capital has paid $708 million, or $224,762/unit, for the 315-unit Jamison apartment property in Kissimmee, Fla, an Orlando, Fla, suburb The New York real estate investment firm bought the complex from a venture of DeBartolo Development of...
Morgan Properties has further bolstered the size of its multifamily portfolio through the purchase of 48 properties with 14,414 units in a venture with Olayan America The portfolio was purchased for $175 billion from Star Real Estate Ventures and...
South Florida Business Journal A company managed by Alexander H Griswold of Boca Raton, Fla, has sold the 32,778-square-foot office building at 450 Royal Palm Way in Palm Beach, Fla, for $17 million, or about $51864/sf A company managed by H William...
Commercial Real Estate Direct Staff Report Equity Residential, which owns 304 properties with nearly 78,000 units in urban and high-density suburban markets across the country, is planning to sell some major-market assets and redeploy proceeds into...
Commercial Real Estate Direct Staff Report Hersha Hospitality Trust has agreed to sell four hotels with 448 rooms for a combined $132 million as it looks to raise cash and reduce its $12 billion of debt The Philadelphia REIT is selling the 140-room...
Multi-Housing News A development team led by Morgan has opened the Pearl Biltmore, a 472-unit apartment complex in Phoenix The property, at 2323 East Highland Ave, has a mix of studio-, one-, two-and three-bedroom units with monthly rents between...
Boston Business Journal BioMed Realty has agreed to purchase an office development that is near completion at 321 Harrison Ave and 1000 Washington St in Boston’s South End neighborhood The Blackstone Group affiliate is buying the project from...
