Community Three Development, which recently purchased a development site at 950 Third Ave NW in Washington, DC, has lined up $60 million of financing to construct a 12-story building with 130 residential condominiums The Washington, DC, developer...
Neil Luthra and Vann Avedisian, former principals at Highgate Hotels, have formed Newbond Holdings, which will pursue equity and debt investments in the hotel sector The company has completed its first deal, partnering with Apollo Global Management...
Tampa Bay Business Journal Preston Giuliano Capital Partners has sold a pair of Tampa, Fla-area apartment properties totaling 503 units for $112 million, or about $222,664/unit The Providence, RI, company sold the properties to 29th Street Capital...
Commercial Observer Penn South Capital has sold a 30,000-square-foot office building and two apartment properties in Manhattan for $459 million A group of foreign investors bought the portfolio, whose properties are in the borough’s Hudson...
Commercial Observer The Birch Group has agreed to pay $380 million, or $304/sf, for 101 Hudson St, a 125 million-square-foot office building in Jersey City, NJ The Nanuet, NY, company is buying the 42-story property from Mack-Cali Realty Corp, a...
Avanti Residential has paid $159 million, or about $400,503/unit, for Forum Fitzsimons, a 397-unit apartment property in Aurora, Colo The Denver investor bought the property from an affiliate of the Pollin Group of Rancho Santa Fe, Calif, which had...
BSR REIT has paid $938 million, or $263,483/unit, for the 356-unit Aura 36Hundred Apartments in the Austin, Texas, suburb of Round Rock, Texas The Little Rock, Ark, REIT, whose common shares trade on the Toronto Stock Exchange, bought the property...
Pebblebrook Hotel Trust has assumed the $1615 million CMBS loan against the 369-room Margaritaville Hollywood Beach Resort in Hollywood, Fla, which it has purchased for $270 million, or $731,707/room, from KSL Capital Partners It funded the...
Galium Capital has acquired Millennium High Street, a 340-unit apartment property in Houston, funding its purchase with a $707 million loan from PCCP LLC Galium, a Miami real state investor with more than $600 million of properties –...
Commercial Real Estate Direct Staff Report TruAmerica Multifamily has paid $90 million for two apartment properties with 269 units in suburban Boston The Los Angeles investment manager paid $485 million, or $314,935/unit, for the 154-unit Point at...
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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