Commercial Real Estate Direct Staff Report The weighted average capitalization rate for net-leased properties has declined for the first time in 15 consecutive quarters, according to the Boulder Group The overall cap rate for properties offered for...
Commercial Real Estate Direct Staff Report Peak Capital Partners has paid $56 million, or $280,000/unit, for Momentum at First Creek, a 200-unit apartment property in Denver The Provo, Utah, company acquired the property from its developer,...
Crain’s Chicago Business Nuveen has paid $27 million, or $29032/unit, for Elston Plaza, a 93,000-square-foot retail center in Chicago The New York investment manager acquired the property, at 3570 North Elston Ave, from DWS Group, which bought...
Atlanta Business Chronicle Stonemont Financial has lined up $325 million of financing for its purchase of the Northside Hospital East Cobb Medical Center in the Atlanta suburb of Marietta, Ga Webster Bank provided the loan Stonemont, of Atlanta,...
Charlotte Business Journal An affiliate of Piedmont Capital has purchased The Shops at Franklin Square, a 134,239-square-foot shopping center in Gastonia, NC, for $245 million, or $18251/sf The Charlotte investor acquired the retail property from an...
Charlotte Business Journal Ferncroft Capital has purchased a 403,000-square-foot warehouse at 13005 Sam Neely Road in Charlotte, NC, for $956 million, or $23722/sf The local investor acquired the industrial property in the city’s Steele Creek...
Commercial Observer Empire State Realty Trust Inc has paid $46 million, or $2,149/sf, for the 21,400 square feet of commercial space at 127 Kent Ave in the Williamsburg section of Brooklyn, NY The New York REIT acquired the space from Joyland Group...
Crain’s Chicago Business FPA Multifamily has paid $23 million, or $184,000/unit, for the 125-unit Park City Apartments in Oak Park, Ill The San Francisco investment manager acquired the property, at 675 Lake St, from Intercontinental Real...
Austin Business Journal Stockbridge has acquired the 271,689-square-foot New Hope industrial campus in Cedar Park, Texas The San Francisco investor purchased the three-building property from a venture of Riverside Resources, Live Oak Group, and...
Austin Business Journal A venture led by Aquila Commercial and PacVentures has acquired The Campus at Arboretum, a 318,782-square-foot office complex in Austin, Texas Aquila, a locally based company, and PacVentures, of San Diego, did not disclose...
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