Crain’s New York Business Hilton has paid $1356 million, or $842,236/room, for the 161-room Central at 5th by Hilton Club time-share hotel property in midtown Manhattan The McLean, Va, company bought the property, at 12 East 48th St, from 54...
Nella Invest has paid $678 million, or $423,750/room, for the 160-room AC Hotel Phoenix Biltmore by Marriott in Phoenix The Auburn, Calif, investor purchased the property from a venture of Holualoa Cos and LaPour Partners, which was represented by...
San Antonio Business Journal Internacional Realty has bought The Landings at Brooks, a 300-unit apartment property in San Antonio The local multifamily company acquired the property from Pensam Capital of Miami, which had owned it since 2014 The...
MetLife Investment Management has provided $691 million of mortgage financing to facilitate the purchase of the Walnut Business Park, a 33-building industrial property with 330,946 square feet in Walnut, Calif JLL Capital Markets arranged the...
A venture led by Midloch Investment Partners has acquired three apartment properties with 652 units in Madison and Sheboygan, Wis, for a total of $71 million The two Sheboygan properties were purchased from Optimum Property Management of Milwaukee...
Birmingham Business Journal Twin Oaks Co Inc has paid $155 million, or about $20945/sf, for Pelham Towne Center, a 74,000-square-foot retail property in Pelham, Ala, about 20 miles south of Birmingham, Ala Encore Retail BPTC LLC was the seller Engel...
St Louis Business Journal JENEL Real Estate has paid $407 million, or about $15074/sf, for Shoppes of Mid Rivers, a 270,000-square-foot retail center in St Peters, Mo, about 32 miles northwest of St Louis The New York REIT acquired the property from...
Crain’s Chicago Business Northwestern Mutual is offering for sale E2, a 352-unit apartment property in Evanston, Ill The Milwaukee life insurance company hired JLL to market the property, which is expected to fetch bids around $150 million The...
Commercial Real Estate Direct Staff Report Chatham Lodging Trust has lined up a $90 million unsecured term loan that it has tapped to retire $7333 million of mortgage debt, including $34 million of maturing CMBS loans against two of its hotels The...
Commercial Real Estate Direct Staff Report JLL Capital Markets has originated $2683 million of Fannie Mae financing to facilitate Green Leaf Capital Partners’ $4835 million, or $320,198/unit, purchase of the 151-unit Broadstone Sky apartment...
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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