Easterly Government Properties Inc has acquired the 61,384 square-foot office property at 925 Keynote Circle in the Cleveland suburb of Brooklyn Heights, Ohio, from a local investor group The three-story property, which was built in 1982, and is...
Philadelphia Business Journal Exeter Property Group has paid $202 million, or $13649/sf, for the 148,000-square-foot office building at 931 South Matlack St in the Philadelphia suburb of West Chester, Pa The Conshohocken, Pa, investment manager...
Philadelphia Business Journal MRP Realty has paid $210 million, or $150/sf, for 43 industrial properties with 14 million square feet in suburban Philadelphia The Washington, DC, company bought the properties from the Gambone Group of East Norriton,...
A venture led by Brandywine Realty Trust has lined up $1867 million of construction financing against the Schuylkill Yards West mixed-use project in Philadelphia The loan matures in July 2025 and pays a floating rate that results in a 375 percent...
KKR & Co has provided $729 million of financing for the Beacon, a 187-unit apartment building in downtown Cleveland The seven-year loan, which pays a four percent coupon, was arranged by Berkadia It allowed the 29-story property’s...
Audubon Communities has paid $593 million, or $292,118/unit, for the 203-unit Square One apartment property in the Atlanta suburb of Sandy Springs, Ga, The Atlanta apartment investor, which was founded in 2003 by Andrew Schwarz, a former head of...
Commercial Real Estate Direct Staff Report Bank Leumi has provided $37 million of financing against the 116-unit apartment property at 222 Johnson Ave in Brooklyn, NY The loan allowed the property’s owner, Slate Property Group of New York, to...
A venture of Amstar and Searles Property Group has paid $808 million, or $33807/sf, for Westlake Park Place, a 239,003-square-foot office property in Westlake Village, Calif Amstar, of Denver, and Searles, of Newport Beach, Calif, purchased the...
South Florida Business Journal Greenhouse Reflections LLC has sold the 77,916-square-foot office building at 2200 NW Corporate Blvd in Boca Raton, Fla, for $14 million, or about $17968/sf The company, which is managed by local attorney Marc D...
RLJ Lodging Trust has agreed to pay $58 million, or $311,828/room, for the 186-room Hampton Inn & Suites Midtown hotel in Atlanta The Bethesda, Md, REIT is buying the property from North Point Hospitality of Atlanta, which had developed it last...
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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