Commercial Real Estate Direct Staff Report Highwoods Properties Inc has sold Crescent Center, a 356,000-square-foot office building in Memphis, Tenn, for $675 million, or $18961/sf An investment group bought the property, which Highwoods...
Commercial Real Estate Direct Staff Report TerraCap Management LLC has paid $368 million, or $200,000/unit, for the 184-unit Palmetto Place apartment property in Fort Mill, SC, about 17 miles southwest of Charlotte, NC The Naples, Fla, investment...
Blackstone Mortgage Trust Inc originated 38 loans totaling $47 billion during the third quarter - a quarterly record for the company - taking originations for the last 12 months to $88 billion The mortgage REIT now has a portfolio of 157 loans...
Orlando Business Center Denholtz Properties has bought the Celebration Business Center, a 106,068-square-foot office complex in the Orlando, Fla, suburb of Celebration, Fla, for $178 million, or about $16782/sf The Red Bank, NJ, company acquired the...
Charlotte Business Journal Blackstone Group has paid $545 million, or about $236,957/unit, for the Tryon Farms Apartments, a 230-unit garden-style complex in Charlotte, NC The New York investment giant bought the property from an affiliate of...
Commercial Real Estate Direct Staff Report The Woodbridge Center enclosed shopping mall in northern New Jersey has had its appraised value slashed to only $90 million – a quarter of the $366 million value pegged to it in 2014 when a $250...
Crain’s New York Business The Hospital for Special Surgery has signed a lease to occupy nearly half of the 400,000-square-foot medical-office project that’s under construction in Manhattan’s Upper East Side neighborhood The lease...
Hall Structured Finance has provided $23 million of financing for the construction of 55 Resort at Maddie Apartments, an 84-unit, age-restricted apartment property in Greeley, Colo The four-story property is being developed by Edison Equity...
REBusiness Online IDI Logistics has broken ground on a 100,463-square-foot industrial property at 3500 Wolf Road in Franklin Park, Ill The Atlanta developer is building the property on a 692-acre site just south of O’Hare International Airport...
Commercial Observer Skanska is breaking ground next month on the OZMA, a 275-unit apartment property in Washington, DC The 13-story building, at 44 M St NE, will include 7,900 square feet of retail space The Swedish developer plans to complete the...
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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