South Florida Business Journal Local real estate investor Moishe Mana has bought One Downtown, a 450,000-square-foot office building in downtown Miami for $110 million, or $24444/sf Mana bought the 31-story property from PCCP of Los Angeles, which...
D2 Residential has provided $2522 million of financing against Chateau on Wells, a 43-unit apartment property in downtown Chicago JLL Capital Markets arranged the three-year loan on behalf of the property’s owner, Akara Partners of Chicago The...
Commercial Real Estate Direct Staff Report Phillips Edison & Co has paid $2578 million, or $55553/sf, for Shops at Plaza West Covina, a 46,406-square-foot retail center in West Covina, Calif The Cincinnati REIT acquired the property, at 310...
Charlotte Business Journal Southwood Realty Co has bought the 174-unit Laurel View Apartments in Concord, NC, for $414 million, or $237,931/unit The Gastonia, NC, company purchased the property from Gamma Real Estate of New York in a deal brokered...
The Real Deal Vladimir Novakovic, the owner of Terranova Property, has paid $30 million, or $135,135/unit, for the Eclipse at 1450 apartment complex in the Chicago suburb of Mount Prospect, Ill The Rolling Meadows, Ill, investor acquired the...
Orlando Business Journal Second Horizon Capital has paid $5625 million, or $8001/sf, for the 703,000-square-foot Melbourne Square enclosed shopping mall in Melbourne, Fla The Boca Raton, Fla, investment firm purchased the retail property from...
AZ Big Media An affiliate of Wentworth Property Co has paid $2675 million, or $11216/sf, for the 238,500-square-foot office property at 25500-25600 North Norterra Drive in Phoenix The local investment firm acquired the two-building complex from...
Crain’s Chicago Business L3 Capital has paid $501 million, or $38027/sf, for the 131,748-square-foot retail center at 3030 North Broadway in Chicago The local investor acquired the property from SITE Centers, which bought it in 2017 for $81...
Commercial Real Estate Direct Staff Report The average monthly cost to rent an apartment unit during the fourth quarter was $1,182 less than the average cost of owning a home, according to Newmark The brokerage noted that the median mortgage payment...
The volume of CMBS loans that are more than 30 days late with their payments declined in February by 518% from January, to $4276 billion, marking the largest percentage drop in CMBS delinquency since 2022 The driver: office and retail loan...
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.
