Blake Griggs Properties LLC has paid $204 million, or $30361/sf, for Village Shopping Center, a 67,192-square-foot retail center in Danville, Calif The local investment and development company purchased the property from Montair Associates of San...
The Real Deal Innovo Property Group, which late last year had struck a deal to buy the 864,303-square-foot office building at 452 Fifth Ave in midtown Manhattan, hasn’t completed its purchase and lost its $35 million deposit Innovo was to have...
Crain’s Chicago Business Swedish retailer H&M is vacating the 60,000 square feet of space it occupies at the 87,000-sf retail property at 840 North Michigan Ave along Chicago’s Magnificent Mile shopping district The retailer was in talks...
REBusiness Online Trends International Inc, a manufacturer of stationery products, has renewed its 180,000-square-foot lease at 5110 West 74th St in Indianapolis for an additional seven years The Metuchen, NJ, company was represented by Avison...
Pebblebrook Hotel Trust has paid $174 million, or $677,043/room, for the 257-room Gurney’s Newport Resort & Marina in Newport, RI The Bethesda, Md, REIT bought the property, constructed in 1969 on 10 acres on Goat Island, from New Jersey...
San Fernando Valley Business Journal A group of investors led by GNC Properties and Western Prime Holdings has paid $245 million, or $61454/sf, for the Mayhew Plaza Shopping Center, a 39,867-sqaure-foot retail center in Woodland Hills, Calif The...
AZ Big Media An affiliate of SmartStop Self Storage has paid $255 million, or $16970/sf, for the 150,260-square-foot self-storage property at 12220 East Riggs Road in Chandler, Ariz The Ladera Ranch, Calif, company purchased the property from an...
Illinois News Seefried Properties has broken ground for O’Hare Logistics, an 80,053-square-foot industrial property in Mount Prospect, Ill The Atlanta developer is building the property at 2240 South Busse Road, about 22 miles west of Chicago It...
Commercial Real Estate Direct Staff Report Hines has acquired South Temple Tower, a 217,000-square-foot office property in Salt Lake City While the purchase price could not yet be learned, Salt Lake County had estimated its value at $539 million The...
Clear Capital LLC has paid $82 million, or $353,448/unit, for Foothill Ridge, a 232-unit apartment property in Upland, Calif The Irvine, Calif, investor purchased the property from Virtu Investments of Larkspur, Calif, which had acquired it in 2018...
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.
Subscribe to our Weekly Newsletter!
