Commercial Real Estate Direct Staff Report Cadence Real Estate Advisors has paid $2899 million, or $219,621/unit, for the 132-unit Court at Northgate apartment property in Seattle The local investment manager acquired the property, at 11300 Third...
A venture of Ross Hotel Partners and Buckhead America Hospitality has paid $22 million, or $275,000/room, for the 80-room Doyle Hotel in Charlottesville, Va The venture—both parties are headquartered in Atlanta—bought the six-year-old hotel, the...
Crain’s Chicago Business Arnel has paid $32 million, or $470,588/unit, for Maeve on Ridge, a 68-unit apartment property in Evanston, Ill The local investor acquired the five-story building, at 1555 Ridge Ave, from Michigan Avenue Real Estate...
FPA Multifamily has paid $437 million, or $154,417/unit, for two adjacent apartment properties with a total of 283 units in Olympia, Wash The San Francisco investment manager acquired the 170-unit Evergreen Garden Apartments at 3138 Overhulse Road...
Commercial Observer Brex has leased 93,779 square feet of office space at 200 Varick St in Manhattan’s Hudson Square neighborhood The San Francisco financial technology company is expected to relocate from another Manhattan office GFP Real...
Commercial Observer Seward & Kissel has renewed its 171,112-square-foot office lease at One Battery Park Plaza in Lower Manhattan The New York law firm, which has occupied space at the property since 2011, leases floors 19 through 24 A venture...
Washington Business Journal An affiliate of Modon Holding has paid $761 million for the former Latham Hotel site at 3000 M St NW in Washington, DC’s Georgetown neighborhood The Abu Dhabi company acquired the property from an affiliate of Thor...
The Real Deal Corendon Hotels & Resorts has paid more than $50 million, or $260,417/room, for two hotels with a total of 192 rooms in Miami’s South Beach neighborhood The Netherlands-based hospitality company acquired the properties from a...
Charlotte Business Journal Rockpoint has paid $268 million, or $22446/sf, for the 119,400-square-foot Springs Business Park in the Charlotte, NC, suburb of Concord, NC The Boston private equity real estate firm acquired the four-building industrial...
Charlotte Business Journal GID has paid $1195 million for nine industrial buildings and one vacant parcel within the Woodland Business Park in Charlotte, NC The Boston real estate firm acquired the industrial portfolio from La Caisse of Quebec City,...
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.
