A family office has leased 5,063 square feet at the 9 West 57th St office building in Midtown Manhattan, with rent averaging $32750/sf, believed to be the highest ever recorded in the borough The 168 million-square-foot building, a block from...
LA Business First A development group led by Lowe has broken ground on Carina, a 408-unit apartment property in Santa Ana, Calif The Los Angeles developer is building the property at 2828 North MainPlace Drive, about 31 miles southeast of Los...
Puget Sound Business Journal Bell Partners has paid $7832 million, or $489,500/unit, for the Milehouse, a 160-unit apartment complex in the Seattle suburb of Redmond, Wash The Greensboro, NC, multifamily investor acquired the property from UDR Inc,...
REBusiness Online A venture of Bridgeway Real Estate Partners and LBX Investments has paid $43 million, or $35833/sf, for Plaza Del Mar, a 120,000-square-foot office property in San Diego Bridgeway, of Pasadena, Calif, and LBX, of Beverly Hills,...
Commercial Observer Industrious has signed four leases totaling 124,500 square feet of office space in Manhattan The coworking company signed a lease for 43,000 sf at 110 East 42nd St, 33,000 sf at 609 Greenwich St, 24,500 sf at 156 Fifth Ave, and...
REJournalscom United Properties has broken ground on Amira Corcoran, an age-restricted apartment property with 143 units in Corcoran, Minn The Minneapolis developer is building the property at 7330 Brockton Lane North, about 20 miles northwest of...
Manhattan had only 173 retail storefronts available at the end of last year, down from 194 a year earlier Demand has been healthiest for space in some tony...
Portland Business Journal US Bank has provided $279 million of financing for the development of the 143-unit Villebois Village Center Apartments in Wilsonville, Ore, a southern suburb of Portland, Ore Capstone Partners of Portland is developing the...
Tanger Inc's portfolio of 41 retail properties, including 38 outlet centers, was 981% occupied as of the end of December It completed 31 million square feet of leasing with a blended rental rate spread of...
Bucksbaum Properties has paid $2575 million, or $29654/sf, for One El Paseo Plaza, a three-building mixed-use property with 86,835 square feet in Palm Desert, Calif The Chicago company acquired the property, at 74-199 El Paseo Drive and 74-225 and...
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.
