Guggenheim Partners has provided $24 million of financing against Mayfair in the Grove, a 281,782-square-foot mixed-use property in Miami’s Coconut Grove neighborhood The loan was arranged by Dockerty Romer & Co of Delray Beach, Fla, and...
NextGen Properties Group has paid $4963 million, or $387,734/unit, for the 128-unit Alivia Apartments in Whittier, Calif The Irvine, Calif, real estate company purchased the property as part of a tax-deferred exchange from an affiliate of Fairfield...
Multi-Housing News CBRE Investment Management, on behalf of affiliates of Munich Re Group, has bought the 247-unit Liberty Warehouse Apartments in Durham, NC The seller and purchase price were not disclosed The property is encumbered by a $46...
Carter Multifamily has paid $345 million, or about $172,500/unit, for the 200-unit Brighton Park Apartments in Byron, Ga The seller was not disclosed The property is encumbered by an $18 million Freddie Mac loan that’s securitized through...
Agora Commercial Realty Advisors has paid $17 million, or nearly $87/sf, for Mount Pocono Plaza, a 195,735-square-foot retail center in Mount Pocono, Pa The Philadelphia company bought the property from Heidenberg Properties of Closter, NJ, which...
Crain’s Chicago Business Bridge Industrial is under contract to pay between $90 million and $100 million for the Baxter Corporate Headquarters, a 646,000-square-foot office property in Deerfield, Ill The Chicago investment manager is buying...
South Florida Business Journal An affiliate of Westpine Partners is planning to develop a 42-story apartment building in Miami The New York developer has proposed building the 328-unit property on a 047-acre site at 180 and 160 SW Ninth St in the...
Commercial Real Estate Direct Staff Report Azora Exan has paid $78 million, or $25732/sf, for the Offices at Vernon Place, a two-building office property with 303,130 square feet in Cincinnati The Miami investor purchased the property from a venture...
The Newport Beach, Calif, REIT, whose shares do not trade on any exchange, is slated to complete the sale of the 40-story building to an affiliate of Waterbridge Capital of New York for $155 million, or nearly $221/sf But Waterbridge would receive a...
Horizon Equities has purchased a portfolio of 10 retail and office properties with 310,023 square feet in southern New Jersey for $46 million, or $14838/sf The Lakewood, NJ, developer bought the portfolio from the H Hovnanian family office in a deal...
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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