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...
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,...
Ashford Hospitality Trust Inc has sold the 263-room Embassy Suites Philadelphia Airport to SSN Hotels for $26 million, or $98,859/room The 36-year-old hotel, at 9000 Bartram Ave, was in the collateral pool for what was a $44384 million mortgage...
Silicon Valley Business Journal SFF Realty Partners has paid $82 million, or about $197/sf, for The Almaden, a three-building office complex in downtown San Jose, Calif The San Francisco investment firm acquired the property from KBS of Newport...
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