Bisnow Pontegadea Investments SL, the family office of Amancio Ortega, founder of Inditex, which owns Zara and other fashion brands, has paid about $550 million, or nearly $393/sf, for 1 North Wacker Drive, a 15 million-square-foot office property...
Portland Business Journal An affiliate of Trinity Property Consultants has paid $404 million, or $226,966/unit, for the 178-unit 10th @ Hoyt apartment property in Portland, Ore’s Pearl District The Irvine, Calif, multifamily owner-operator...
A venture of Sterling Organization and Cohen & Steers Income Opportunities REIT Inc has paid $325 million, or $20021/sf, for the 162,326-square-foot Manchester Village retail property in the Charlotte, NC, suburb of Rock Hill, SC The venture...
Triad Business Journal Appian Investments has paid $22 million, or $7653/sf, for the 287,464-square-foot Renaissance Plaza office building in downtown Greensboro, NC The Greenville, SC, real estate investment firm purchased the 19-story property...
South Florida Business Journal Empira Group has lined up $81 million of construction financing for The Aurelian, a 160-unit apartment project that’s under construction in Coral Gables, Fla Pearlmark provided the loan, which was arranged by...
PCCP has provided $41 million of senior mortgage financing against the 125-unit Tenney North Park apartment property in the North Park area of San Diego The loan allowed developer Foulger-Pratt to retire construction financing and fund its...
BXP Inc has sold a 106% equity stake in the roughly 930,000-square-foot office building it’s constructing at 343 Madison Ave next to the Grand Central Terminal in Midtown Manhattan to AVRS Partners of New York The Boston REIT hasn’t yet...
CMBS special servicers worked out, or otherwise resolved, 47 loans with a balance of $199 billion in September That, however, wasn't enough to offset the volume of loans that transferred to special servicing during the month...
A venture of Coastal Ridge Real Estate and Brookfield has paid $20475 million, or about $787,500/unit for the 260-unit Grad San Jose student-housing property next to San Jose State University in San Jose, Calif The venture—Coastal Ridge is a...
Commercial Real Estate Direct Staff Report The $7399 million CMBS loan against the Fashion Outlets of Niagara Falls has once again transferred to special servicer Midland Loan Services as it has matured and remains outstanding The loan, the last...
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