Blackstone Real Estate Income Trust has struck a deal to $51 billion in cash for a portfolio of 678 affordable-housing properties with 83,000 units from American International Group The transaction is scheduled to be completed by the end of the year...
Bridge Investment Group has paid $888 million, or $322,909/sf, for Parc Roundtree Ranch, a 275-unit apartment property in Peoria, Ariz The Salt Lake City investment manager purchased the property from its developer, Evergreen Devco Inc of Phoenix,...
Dallas Morning News Barvin has lined up $579 million of acquisition financing for its purchase of the NOVEL Bishop Arts residential property in Dallas A fund managed by Barings Real Estate of Hartford, Conn, was the lender Barvin, a Houston...
Commercial Real Estate Direct Staff Report Prime US REIT has paid $146 million, or $49270/sf, for the 296,327-square-foot Sorrento Towers office property in San Diego The Singapore company bought the two-building complex from Shorenstein Properties,...
Real Estate NJ OMLog has signed a lease to fully occupy the 607,279-square-foot industrial building at 1000 Rand Blvd in Phillipsburg, NJ The Italian logistics company that works with fashion retailers is taking its space in Building 3 in the 39...
New Jersey Herald Blue Diamond Equities LLC has paid $225 million, or about $222,772/unit, for the 101-unit Merriam Gateway Apartments in Newton, NJ The Freehold, NJ, company bought the property from an undisclosed seller that had owned it since...
Real Estate NJ Prism Capital Partners has filed plans to build a dual-branded hotel with 266 rooms in Clifton, NJ, about 15 miles west of Manhattan The seven-story building has been proposed for a development site near the intersection of Metro...
Peak Capital Partners has paid $59 million, or $219,330/sf, for the 269-unit Cielo Apartments in Fridley, Minn The Provo, Utah, investment firm purchased the property from Trident Development of Saint Cloud, Minn, which was represented in the deal...
Charlotte Business Journal EverWest Real Estate Investors has bought The Mint, a 178-unit apartment property in Charlotte, NC, for $641 million, or about $360,112/unit The Denver company purchased the seven-story complex, at 425 West Trade St, from...
Atlanta Business Chronicle A joint venture of 37th Parallel Properties and Apta Properties has paid $53 million, or about $220,833/unit, for the 240-unit Parkside Vista Apartments in Atlanta An affiliate of First Communities Management sold 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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