Commercial Real Estate Direct Staff Report Shidler Group has paid $153 million, or $353,349/unit, for the 433-unit Sealofts at Boynton Village apartment property in Boynton Beach, Fla, about 15 miles south of West Palm Beach, Fla The Honolulu...
Commercial Observer Monday Properties has paid $1456 million for a pair of office buildings with a combined 514,000 square feet in northern Virginia The New York company paid $118 million, or $35758/sf, for the 330,000-sf Three Ballston Plaza in...
Denver Business Journal An affiliate of Shorenstein Properties has paid $72 million, or $42295/sf, for Rev360, a 170,234-square-foot office property in Denver The San Francisco investment company purchased the five-story property from its developer,...
Xenia Hotels & Resorts Inc has agreed to sell the 191-room Kimpton Hotel Monaco in Chicago for $36 million, or $188,482/room The deal is scheduled to close by the end of the first quarter The prospective buyer could not immediately be learned...
Commercial Observer A venture of Lincoln Equities Group and HIG Realty Partners has secured $1633 million of construction financing against a 921,000-square-foot industrial project in Brewster, NY Heitman provided the loan, which was arranged by...
The Real Deal PCCP LLC has provided $170 million of financing against 122 Fifth Ave, a 300,000-square-foot office and retail building in Manhattan Walker & Dunlop arranged the loan The Bromley Cos, which has owned the 10-story building since...
South Florida Business Journal A venture of Key International and Wexford Real Estate Investors has bought the 219-room Fort Lauderdale Marriott Pompano Beach Resort & Spa in Pompano Beach, Fla, for $54 million, or about $246,575/unit An...
South Florida Business Journal Victoria One Management has sold a pair of apartment properties totaling 221 units in South Florida for a combined $3116 million The Fort Lauderdale, Fla, company sold 116-unit Waterford Villas, at 6954 SW Fifth St in...
South Florida Business Journal UniVista Insurance has bought the 100,000-square-foot Gables View office building in Miami for $475 million, or about $475/sf Century Homebuilders Group sold the property at 850 NW 42nd Ave UniVista, one of the largest...
Charlotte Business Journal Greystar has bought Arium Mooresville, a 268-unit apartment property in Mooresville, NC, for $645 million, or about $240,672/unit The Charleston, SC, company bought the complex from CARROLL of Atlanta, which had acquired...
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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