Capitalization rates - the returns that investors assume when pricing properties - could climb by 40 to 50 basis points in the coming years, impacting most every property sector, according to Capital Economics, a London research consultancy The...
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...
PCCP LLC has provided $508 million of mortgage financing for the construction of Henley Place, a 178-unit apartment building in the Portland, Ore, suburb of Milwaukie, Ore The six-story building is being developed by Pahlisch Commercial of Bend,...
Parkview Financial has provided $225 million of financing against the 140,000-square-foot office building at 2225 3rd Ave North in Birmingham, Ala The loan is designed to allow the property’s owner, EPT Holdings LLC, an investor group...
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...
Commercial Real Estate Direct Staff Report Northwestern Mutual Life Insurance Co has provided $65 million of mortgage financing against Skyline Lofts, a 332-unit apartment property in Phoenix The 10-year loan, which amortizes on a 30-year schedule,...
Commercial Real Estate Direct Staff Report The $231 million CMBS loan against 260 and 261 Madison Ave, a pair of office buildings with 923,277 square feet in midtown Manhattan wasn’t paid off when it matured earlier this month A $126 million...
Commercial Real Estate Direct Staff Report Median monthly rents for apartments in Manhattan increased in May by 252 percent from last year to $4,000, a record level, according to brokerage Douglas Elliman Net effective average monthly rents,...
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...
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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