Commercial Real Estate Direct Staff Report Fitch Ratings expects the $25771 million CMBS loan against the Gurnee Mills mall in northern Illinois to suffer a loss of up to 293 percent, or $7551 million That has prompted it to lower its ratings...
Orlando Business Journal Clarion Partners has paid $9055 million, or about $13539/sf, for the Northwest Distribution Center, a 668,800-square-foot industrial property in the Orlando, Fla, suburb of Apopka, Fla The New York company purchased the...
Charlotte Business Journal LM Real Estate Partners has purchased the Logistics Pointe Distribution Center, an 879,128-square-foot industrial property in Charlotte, NC, for $82 million, or about $9327/sf An affiliate of New York Life Insurance Co was...
Only $997 billion of domestic, private-label CMBS priced during the third quarter, down from $1049 billion in the second quarter, bringing issuance for the year so far to $2646 billion That's down just more than 58 percent from last...
Phoenix Business Journal Dynamic City Capital has paid $102 million, or $576,271/unit, for Canopy by Hilton Scottsdale Old Town, a 177-room hotel in Scottsdale, Ariz The Provo, Utah, investment firm purchased the hotel from Miller Global Properties,...
Commercial Real Estate Direct Staff Report Blackstone Group has sold its 80 percent stake in Metropolitan Square in the East End of Washington, DC, for $305 million, valuing the 656,546-square-foot office building at $38125 million, or nearly...
Houston Business Journal Parkway has bought a pair of office properties with about 266 million square feet in Houston for undisclosed prices The seller, which was represented by Eastdil Secured, was not identified Parkway formed in May when Parkway...
MIG Real Estate has paid $611 million, or $442,753/unit, for the 138-unit Newport Palms Apartments in Costa Mesa, Calif The Newport Beach, Calif, investor purchased the property from MG Properties of San Diego The deal was highlighted by Kidder...
Empire State Realty Trust Inc has paid $264 million for a pair of neighboring mixed-use properties in the Williamsburg section of Brooklyn, NY The properties, 157 and 161 Wythe Ave, are at the northeast intersection of North 6th Street, and have six...
Orlando Business Journal PLK Communities has bought the Harbortown Apartments, a 428-unit complex in Orlando, Fla, for $861 million, or about $201,168/unit The Cincinnati company purchased the three-story property from LivCor of Chicago, which had...
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