Commercial Real Estate Direct Staff Report The vacancy rate for Phoenix’s largest warehouses, those so-called “bulk warehouses” that measure more than 300,000 square feet each, has declined to 58%, a dramatic turnaround from the...
South Florida Business Journal Related Group has lined up $167 million of financing for Gallery at Lummus Parc, a 257-unit apartment project that’s under construction just west of downtown Miami The financing includes an $80 million...
South Florida Business Journal Publix Super Markets has paid $8325 million, or $40661/sf, for Airpark Plaza, a 204,740-square-foot shopping center in Miami The Lakeland, Fla, grocery chain acquired the retail property from an affiliate of First...
Charlotte Business Journal ESJ Capital Partners has paid $295 million, or $204,861/unit, for the 144-unit Bridges of Cabarrus apartment property in the Charlotte, NC, suburb of Kannapolis, NC The Miami real estate investor acquired the community...
Charlotte Business Journal Investicore Holdings USA has paid $64 million, or $11252/sf, for ThExchange, a 568,811-square-foot office park in Charlotte, NC The local real estate investment firm bought the 14-building property from Ares Management...
Triangle Business Journal Walde Enterprises has paid $3145 million, or $116,481/unit, for the 270-unit Collins Crossing apartment community in Carrboro, NC The Bethesda, Md, company acquired the property from Laramar Group of Chicago, which had paid...
Tampa Bay Business Journal PTM Partners has lined up $125 million of construction financing for Edge Collective II, a 330-unit apartment project in St Petersburg, Fla An affiliate of GID provided the three-year, floating-rate loan, which was...
Davis Cos, which recently formed a dedicated credit platform, has provided $44 million of financing to fund the conversion of the 94,851-square-foot office building at 31 Milk St in Boston into residential use The 11-story building, between Hawley...
Boston Business Journal Tourbineau Real Estate Partners has paid $25 million, or $29070/sf, for an 86,000-square-foot office building at 955 Massachusetts Ave in Cambridge, Mass The Seattle real estate firm purchased the property from...
South Florida Business Journal Elysee Investments has bought the Blue Lagoon Shoppes, a 29,205-square-foot retail center in Miami, for $28 million, or $95874/sf The Miami Beach, Fla, investment firm acquired the property from Keystone Holdings Group...
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.
