Commercial Real Estate Direct Staff Report Last year, 402,175 apartment units were delivered across the country, according to Cushman & Wakefield At the same time, 355,628 units were absorbed, marking the fourth year in a row in which deliveries...
South Florida Business Journal Bank OZK has provided $3238 million of construction financing for the Four Seasons Private Residences Coconut Grove condominium project in Miami A venture of CMC Group and Fort Partners broke ground on the 70-unit...
Multi-Housing News Sumitomo Mitsui Trust Bank has originated $808 million of financing for the construction of Jules San Pedro, a 281-unit apartment property in Los Angeles The property is being developed by a venture of High Street Residential of...
South Florida Business Journal IMC Equity Group has paid $335 million, or $164,216/unit, for the Pine Grove Apartments, a 204-unit complex in Homestead, Fla The North Miami company purchased the property from Marlin Spring US Realty of Toronto,...
Charlotte Business Journal Passco Cos has purchased the 340-unit Preston Ridge Apartments in Hickory, NC, for $731 million, or $215,000/unit The Irvine, Calif, company bought the property from an affiliate of Lat Purser & Associates of...
Charlotte Business Journal Atlas Copco has agreed to fully lease a 201,223-square-foot industrial building that’s currently under construction at 211 Celriver Road in the Charlotte, NC, suburb of Rock Hill, SC The Nacka, Sweden, industrial...
Orlando Business Journal Chosen Hospitality has paid $2310 million for a pair of neighboring hotels with a combined 193 rooms in Palm Bay, Fla, about six miles southwest of Melbourne, Fla The sellers were not identified The four-story properties are...
Triangle Business Journal Black Mountain has bought the two-building West End Center office complex in Winston-Salem, NC, for $1905 million, or $4095/sf The Fort Worth, Texas, energy company purchased the 465,148-square-foot property from a pair of...
Triangle Business Journal Clarion Partners has bought Midtown Corner, a 69,070-square-foot shopping center in Raleigh, NC, for $2695 million, or $39018/sf The New York company purchased the retail property from Ram Realty Advisors of Palm Beach...
South Florida Business Journal A venture that consists of Pebb Capital, Wharton Properties, and Lane Capital Partners has bought the Design 41 mixed-use building in Miami for $725 million Design District Development Partners LLC of Sarasota, Fla,...
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