Blake Griggs Properties LLC has paid $204 million, or $30361/sf, for Village Shopping Center, a 67,192-square-foot retail center in Danville, Calif The local investment and development company purchased the property from Montair Associates of San...
The Real Deal Innovo Property Group, which late last year had struck a deal to buy the 864,303-square-foot office building at 452 Fifth Ave in midtown Manhattan, hasn’t completed its purchase and lost its $35 million deposit Innovo was to have...
Commercial Property Executive An affiliate of Lincoln Property Co will break ground soon for I-10 International, a four-building industrial property with 986,600 square feet in Tucson, Ariz The Dallas developer is building the $260 million project...
PCCP LLC has provided $508 million of mortgage financing for the construction of Henley Place, a 178-unit apartment building in the Portland, Ore, suburb of Milwaukie, Ore The six-story building is being developed by Pahlisch Commercial of Bend,...
Parkview Financial has provided $225 million of financing against the 140,000-square-foot office building at 2225 3rd Ave North in Birmingham, Ala The loan is designed to allow the property’s owner, EPT Holdings LLC, an investor group...
Pebblebrook Hotel Trust has paid $174 million, or $677,043/room, for the 257-room Gurney’s Newport Resort & Marina in Newport, RI The Bethesda, Md, REIT bought the property, constructed in 1969 on 10 acres on Goat Island, from New Jersey...
San Fernando Valley Business Journal A group of investors led by GNC Properties and Western Prime Holdings has paid $245 million, or $61454/sf, for the Mayhew Plaza Shopping Center, a 39,867-sqaure-foot retail center in Woodland Hills, Calif The...
AZ Big Media An affiliate of SmartStop Self Storage has paid $255 million, or $16970/sf, for the 150,260-square-foot self-storage property at 12220 East Riggs Road in Chandler, Ariz The Ladera Ranch, Calif, company purchased the property from an...
Illinois News Seefried Properties has broken ground for O’Hare Logistics, an 80,053-square-foot industrial property in Mount Prospect, Ill The Atlanta developer is building the property at 2240 South Busse Road, about 22 miles west of Chicago It...
Associated Bank and Old National Bank each has provided $325 million of financing for the construction of Carbon 31, a 403-unit apartment property in Bloomington, Minn The property, at 8100 31st Ave S, about 11 miles south of Minneapolis, is being...
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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