The two shopping malls that had backed the $14117 million of mortgage financing securitized through WFRBS Commercial Mortgage Trust, 2012-C7, carry a combined appraised value of only $11828 million It's likely the transaction will get hit with...
Trion Properties has paid $10875 million, or $270,522/unit, for the 402-unit Terra Village apartment property in the Denver suburb of Edgewater, Colo The Los Angeles investment manager is rebranding the 52-year-old property, at 6201 West 26th Ave,...
South Florida Business Journal Rise Star LLC has sold a 63,652-square-foot shopping center in Hollywood, Fla, for $15 million, or about $23566/sf The company, which is managed by Valentina Georgescu of Hollywood, sold the retail property to a...
Triad Business Journal Magnolia Capital has paid $12425 million, or about $325,262/unit, for the Preston View Apartments, a 382-unit property in Morrisville, NC, about 12 miles west of Raleigh, NC The Chicago company bought the three-story complex...
Charlotte Business Journal Bamboo Equity Partners has bought the 208,986-square-foot Quorum Business Park in Charlotte, NC, for $235 million, or about $11245/sf The Maryland Heights, Mo, private-equity firm acquired the eight-building office park...
Dallas Business Journal Oxford Properties has sold a 186,344-square-foot last-mile distribution facility in the Dallas suburb of Arlington, Texas The Toronto company sold the industrial property to Realterm, an Annapolis, Md, investment manager The...
Healthy CMBS issuance this year through May was enough to push volume to $4718 billion for the first half, up a tad from the $4626 billion during the same period a year ago Conduit issuance volume was up nearly 5 percent, while issuance of...
Commercial Observer A venture of Electra America and AKA has purchased the 152-room One Washington Circle Hotel in Washington, DC, for $49 million, or $322,368/room The property, at 1 Washington Circle, was purchased from George Washington...
Charlotte Business Journal TA Realty has bought the 212,000-square-foot industrial building at 11540 Cordage St in Charlotte, NC, for $37 million, or about $17453/sf The Boston company acquired the property from Childress Klein Properties of...
South Florida Business Journal Companies managed by Max Profesorske of Lakewood, NJ, has sold a pair of apartment properties with a combined 168 units in Hollywood, Fla, for $225 million The buyers are affiliates of North Point Management Corp of...
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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