South Florida Business Journal Ralgo Group has paid $535 million, or $200,375/unit, for the 267-unit Treetop Apartments in Miami’s Kendall area The local real estate firm acquired the three-story community from a company led by Miami Beach...
South Florida Business Journal A venture of CP Group, The Georgetown Co, ACRE, and StepStone paid $193 million, or $23031/sf, for the 838,000-square-foot Mizner Park mixed-use property in downtown Boca Raton, Fla The sale was reported earlier this...
Commercial Real Estate Direct Staff Report Braemar Hotels & Resorts Inc has lined up $358 million of mortgage financing against four of its properties with a total of 1,200 rooms in Chicago, Philadelphia, Puerto Rico, and the Virgin Islands...
Crain’s Chicago Business Grand Lifestyles has paid $63 million, or $157,500/unit, for the 400-unit Foxboro apartments in the Chicago suburb of Wheeling, Ill The Skokie, Ill, company acquired the property, at 470 Foxboro Drive, from a venture...
Commercial Real Estate Direct Staff Report The $150 million CMBS loan against the Quaker Bridge Mall near Princeton, NJ, which wasn’t paid off when it matured in May, has been granted an 18-month reprieve The loan is securitized through JPMDB...
HealthCore Foundation has paid $130 million, or $58539/sf, for a portfolio of six medical-office buildings with 222,073 square feet in the San Francisco Bay area from NorthBay Health The buildings, in Fairfield and Vacaville, Calif, will be fully...
Commercial Real Estate Direct Staff Report Tanger Inc, which last year purchased the former Legends Outlets in Kansas City, Kan, expects to pay off the retail property’s $115 million CMBS loan next month, when it becomes open to prepayment The...
Commercial Real Estate Direct Staff Report The venture that owns the Prince Building in Manhattan’s SoHo area has lined up $216 million of financing, allowing it to retire a $200 million CMBS loan that became delinquent earlier this year The...
Crain’s Chicago Business A venture led by Ken Buckman and Bert Castillo has paid nearly $30 million, or $6802/sf, for the 441,034 square feet of office space at 121 West Wacker Drive in downtown Chicago The local investors acquired it from...
Commercial Real Estate Direct Staff Report An affiliate of Bronstein Properties has paid $41 million, or nearly $195/sf, for the 210,853-square-foot Gardens retail property in the northwestern New Jersey community of Flanders Bronstein, a Forest...
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.
