Crain’s Chicago Business HP Ventures has paid $205 million, or $640,625/unit, for the 32-unit apartment property at 2050 North Clark St in Chicago The local company purchased the property from Novak Development in a deal brokered by Apartment...
The Opus Group has broken ground on a 212,700-square-foot office and industrial property at 200 Festal Place NW in Owatonna, Minn, about 65 miles south of Minneapolis The Minneapolis developer is building the property on behalf of Climate Design...
Commercial Real Estate Direct Staff Report The $8982 million CMBS loan against the 12 million-square-foot Mall at Stonecrest in suburban Atlanta finally has been resolved through a discounted pay-off The collateral property’s owner, a venture...
Cincinnati Business Courier BC Wood Properties has paid $546 million, or $12715/sf, for a pair of retail centers with 429,400 square feet in Newport, Ky The Lexington, Ky, company purchased the properties from an affiliate of Albanese Cormier...
Commercial Real Estate Direct Staff Report The $300 million CMBS loan against the Santa Monica Place shopping mall in Santa Monica, Calif, has transferred to special servicer Argentic Services Co as its December maturity approaches The loan is...
REJournalscom Caller Properties has paid $2145 million, or $17345/sf, for the 123,664-square foot retail center at the intersection of 72nd and Pacific streets in Omaha, Neb The Lexington, Ky, company purchased the property NewStreet Properties,...
Another CMBS loan against a shopping mall has transferred to special servicing because it's expected to default at its upcoming maturity The latest is the $11401 million mortgage against Park City Center in Lancaster, Pa, which is owned by an...
Commercial Real Estate Direct Staff Report Parkway Inc is working to get the maturity date of the $465 million CMBS loan against its Greenway Plaza office complex in Houston extended The loan, securitized through GS Mortgage Securities Corp,...
Commercial Real Estate Direct Staff Report The $10317 million CMBS loan against the Coastland Center shopping mall in Naples, Fla, has transferred to special servicer Rialto Capital Advisors because it’s expected to default at its November...
Milhaus has broken ground on a 226-unit apartment property in Kansas City, Mo The Indianapolis developer is building the property between State Line Road and Bell Street, about four miles south of the city’s downtown It expects the project to...
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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