RLJ Lodging Trust has paid $89 million, or $434,146/room, for the 205-room AC Hotel in downtown Boston The Bethesda, Md, REIT bought the property from National Development of Newton, Mass, which had developed it in 2018 The property, at 223 Albany...
Rise48 Equity LLC has paid $45 million, or $228,426/unit, for Rise at the Retreat, a 197-unit apartment property in Tempe, Ariz The Phoenix investor purchased the property from Brookhill Corp of Santa Monica, Calif, which was represented by Newmark...
Commercial Real Estate Direct Staff Report ZMR Capital has paid $9015 million, or $281,719/unit, for the 320-unit Julia apartment property in Mesa, Ariz The Tampa investment manager bought the property, formerly known as Five46, from S2 Capital of...
White Oak Global Advisors, a San Francisco investment manager that primarily provides credit to small- and middle-market businesses, has launched a commercial real estate lending platform White Oak Real Estate Capital will fund construction and...
San Antonio Business Journal Velocis has acquired the 208-unit Highline Apartments in San Antonio The Dallas investment firm bought the complex from an affiliate of Allen Harrison Co, which had bought it in 2019 The purchase price was not disclosed,...
San Antonio Business Journal Bellwether Enterprises has provided $367 million of construction financing for Bristol at Somerset, a 348-unit apartment complex that’s under development in San Antonio The Cleveland mortgage lender provided the...
Denver Business Journal A real estate fund managed by the Seminole Tribe of Florida has paid $56 million, or $459,016/unit, for Walcott Jefferson Park, a 122-unit apartment property in Denver Waypoint Residential of Boca Raton, Fla, sold the...
Commercial Real Estate Direct Staff Report The value of the Montgomery Mall in suburban Philadelphia, which until June was owned by Simon Property Group, has declined to $575 million, based on an April appraisal The 11 million-square-foot shopping...
Commercial Real Estate Direct Staff Report Gallery at South Dekalb, a 618,120-square-foot shopping mall in suburban Atlanta, is being offered for sale The property has been encumbered by what originally was $55 million of mortgage debt that was...
Cincinnati Business Courier PLK Communities has paid $30 million, or $125,000/unit, for the 240-unit Burlington Oaks Apartments in Burlington, Ky The Cincinnati company purchased the three-story property from the Burns family, which had built it in...
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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