Commercial Real Estate Direct Staff Report A venture of Premier Logistics Properties and PCCP has paid $124 million, or $15250/sf, for an 813,120-square-foot industrial building at 4550 Nexus Way within the Northgate Distribution Center in North Las...
Bonaventure has paid $395 million, or $189,904/unit, for the 208-unit Royal Pointe Apartments in Virginia Beach, Va The Alexandria, Va, investment manager purchased the 39-year-old property through its Bonaventure Multifamily Income Trust, a...
Commercial Real Estate Direct Staff Report Meidinger Tower, a 332,129-square-foot office building in downtown Louisville, Ky, is being sold for $45 million to Indianapolis developer KennMar The transaction, which has been approved by a circuit court...
Triangle Business Journal Capital Square has lined up $105 million of floating‑rate financing against the Maeve, a 297‑unit apartment building in downtown Raleigh, NC TPG Real Estate Finance provided the interest‑only bridge loan, which is...
Commercial Observer Moinian Group is planning to convert an additional 150,000 square feet of office space at the 450,000-sf 17 Battery Place in Lower Manhattan into 220 apartment units The New York investor has owned the 31-story building, also...
Prime Finance has provided $24 million of mortgage financing against the 167-room Cedarbrook Lodge in Seattle The floating-rate loan, with a term of up to five years, was arranged by Sonnenblick-Eichner Co on behalf of the property’s owner,...
Elmington Residential has paid $7325 million, or $169,169/unit, for the 433-unit Resia Tributary apartment complex in the Atlanta suburb of Douglasville, Ga The Nashville, Tenn, company is an affiliate of Elmington Capital Group, which has invested...
Commercial Real Estate Direct Staff Report JLL Income Property Trust has paid $6025 million, or $9959/sf, for the 605,000-square-foot Whitestown Distribution Center III industrial property in Whitestown, Ind, a northern suburb of Indianapolis The...
The Real Deal Lone Star Funds has taken ownership of 600 California St in San Francisco, after a foreclosure auction last week generated no bids on the 359,883-square-foot office building The Dallas private equity firm paid $1306 million for the...
A Principal Financial investment vehicle has paid $156 million for 5217 Village Creek Drive, a former assisted-living facility in Plano, Texas, that's being converted into an addiction treatment facility The investment is the third for the vehicle,...
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.
