Commercial Real Estate Direct Staff Report Bayshore Investment Partners has paid $405 million for two apartment properties with a total of 200 units in Brandon, Fla, a Tampa, Fla, suburb The Miami investor paid $2245 million, or $200,446/unit, for...
South Florida Business Journal Vision Properties has paid $575 million, or about $332/sf, for a seven-story office building at 261 North University Drive in Plantation, Fla The Tampa, Fla, company bought the 173,193-square-foot property from Encore...
Invesco Real Estate has paid $50 million, or $21044/sf, for a 237,600-square-foot distribution center in Holbrook, NY, on Long Island The Atlanta investment manager bought the property from a venture of Drake Real Estate Partners and Pacer Partners,...
Commercial Observer A venture of Morgan Stanley and Meridian Property Co has paid $815 million, or $1,207/sf, for the Beverly Hills Medical Plaza, a 67,510-square-foot medical office property in Beverly Hills, Calif, about 12 miles west of Los...
Dallas Morning News Capital Commercial Investments has bought Waterview 190, a 230,000-square-foot office property next to the University of Texas – Dallas campus The Austin, Texas, investor purchased the two-building property, at 17655 and...
AZ Big Media An affiliate of Sears Financial Corp has broken ground on the Alexander, a 209-unit apartment property in Marana, Ariz The Tucson, Ariz, company is building the property at 3915 West Aerie Drive, about 12 miles northwest of downtown...
Rockwood Capital has paid $298 million, or $425,714/unit, for the 70-unit apartment property at 333 Central Ave in Westfield, NJ, about 25 miles southwest of Manhattan The San Francisco investment manager bought the property from a venture of...
Commercial Observer Opal Holdings has paid $553 million, or $21309/sf, for the CGI Building, a 259,511-square-foot office property in Fairfax, Va The New York investor bought the property from PGIM Real Estate, which had acquired it in 2006 for $687...
REJournals A venture of PCCP LLC and Capital Partners has acquired Diamond Lake Road Distribution Center, a 386,724-square-foot industrial property in Rogers, Minn The sales price was not disclosed PCCP, of Los Angeles, and Capital Partners, of...
The Highlands Ranch, Colo, REIT has paid $115 million for the 320-unit Smith Valley Forge Apartments in King of Prussia, Pa It funded the acquisition by tapping a line of credit, but expects to take that out with proceeds from an upcoming sale of...
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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