Crain’s Chicago Business JVM Realty Corp paid $30 million, or $265,486/unit, for the 113-unit Ellison Apartments in Des Plaines, Ill The Oak Brook, Ill, investment manager purchased the property from Opus Group in a deal brokered by CBRE A...
Tampa Bay Business Journal NexGen Hotel has paid $1875 million, or about $145,349/room, for the Holiday Inn St Petersburg West hotel in St Petersburg, Fla The Schaumburg, Ill, company bought the 129-room property from an undisclosed seller It lined...
For the first time in a decade, institutional investors didn't increase their target allocations to real estate this year, leaving them flat at a weighted average 108 percent of total assets The expectation is that allocations would remain flat...
Commercial Real Estate Direct Staff Report An affiliate of MJD Capital Partners has sold Quail Manor, a 56-unit apartment property in Reno, Nev, for $145 million, or $258,928/unit The Sacramento, Calif, investment firm sold the property to a San...
Commercial Real Estate Direct Staff Report Carter Properties has paid $4175 million, or $28375/sf, for West Bay Plaza, a 147,135-square-foot retail center in Westlake, Ohio, about 16 miles west of Cleveland The Bratenahl, Ohio, company purchased the...
Commercial Real Estate Direct Staff Report Hines has acquired Chicago Prime Portfolio, a two-building industrial property with 11 million square feet in Melrose Park, Ill The purchase price could not be learned immediately However, the two buildings...
The Real Deal Antheus Capital has paid $59 million, or $214,545/unit, for the 275-unit Aspire apartment property in Chicago The Englewood, NJ, investment firm purchased the property from its developer, Draper & Kramer, which was represented by...
StateCollegecom Pierce Education Properties has paid $743 million for a pair of neighboring apartment properties with 408 units in State College, Pa The San Diego investor bought the properties, The Bryn, at 201 Vairo Blvd and Tremont Student...
Sabet Management has paid $195 million, or $361,111/unit, for three neighboring apartment buildings with 54 units in Manhattan’s Alphabet City area The properties, at 504-508 East 12th St, between avenues A and B, were purchased form Kushner...
A venture led by Harbor Associates has paid $55 million, or $43646/sf, for a portfolio of four industrial buildings in the Los Angeles suburb of Gardena, Calif The Seal Beach, Calif, investor, formed in 2015 between its founding principals and...
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