Commercial Real Estate Direct Staff Report MIG Real Estate has paid $72 million, or $240,802/room, for a pair of hotels with 299 rooms in San Diego The Newport Beach, Calif, investor acquired the Courtyard San Diego Old Town, with 176 rooms at 2435...
REBusiness Online Chicagoland Quad Cities Express has agreed to lease an additional 89,000 square feet at 3-9 Timber Court, a 320,722-sf industrial property in Bolingbrook, Ill The transportation and warehousing company had already leased 90,000 sf...
Commercial Property Executive Raytheon Intelligence & Space has agreed to fully lease Lakefront 6, an 86,956-square-foot office property in Indianapolis The aerospace and defense company will lease its space for seven years at 3939 Priority Way...
Crain’s New York Business Watermark Lodging Trust plans to sell its Holiday Inn Manhattan Sixth Avenue Hotel, with the hope that a buyer would assume a $7072 million securitized loan against the 226-room property Watermark’s plans were...
New York Post An SL Green Realty Corp unit has been hired by lenders led by Natixis to service the roughly $800 million of debt against the Times Square Edition hotel at 20 Times Square in Manhattan The financing has been in default and is slated...
Minneapolis/St Paul Business Journal A venture of Greco and Eagle Ridge Partners is planning to build Blue Stem North, a 425-unit apartment project in Eden Prairie, Minn The property will be built on a 15-acre site at 6901 Flying Cloud Drive, about...
Kansas City Business Journal Sentinel Net Lease has paid $226 million, or $19392/sf, for One Renner Ridge, a 116,540-square-foot office property in Lenexa, Kan, about 17 miles south of Kansas City, Kan The Los Angeles investment firm purchased the...
REJournalscom Ridgeline Property Group is planning to build I-80 Logistics Park, a five-building industrial property totaling 7 million square feet in Minooka, Ill The Atlanta development and investment company will build the property on a 416-acre...
RLJ Lodging Trust has paid $513 million, or $301,764/room, for Moxy Denver Cherry Creek, a 170-room hotel in Denver The Bethesda, Md, REIT purchased the property from BMC Investments of Denver The property, at 240 Josephine St, opened in 2017 and...
Commercial Real Estate Direct Staff Report The CMBS trust that held a $7422 million mortgage against the Kitsap Mall in Silverdale, Wash, has taken the shopping center through foreclosure The loan, securitized through WFRBS Commercial Mortgage...
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.
Subscribe to our Weekly Newsletter!
