Commercial Property Executive Beam Reach Partners is planning to build Kanon, a 740,000-square-foot office property in downtown Bellevue, Wash The Dallas developer will construct the two-building property at 222 112th Ave NE, about 10 miles west of...
Commercial Observer Largo Investments has sold its recently completed 21,000-square-foot office building at 17 North 7th St in the Williamsburg section of Brooklyn, NY, for $24 million, or $1,143/sf The buyer, Shawnick Williamsburg LLC of New York,...
Moody’s Investors Service has downgraded the $4924 million class A-S, to Ba2 from Baa3, of Morgan Stanley Bank of America Merrill Lynch Trust, 2013-C11, because of the losses it expects the bond class to suffer, as well as the increased risk...
Atlanta Business Chronicle Donec Real Estate Partners has paid $386 million, or about $329,915/unit, for Element at Kirkwood, a 117-unit apartment property in Atlanta The Greenville, NC, company bought the property, at 2035 Memorial Drive, from an...
Triad Business Journal A venture that includes Deep River Partners has bought a portfolio of office buildings with more than 298,000 square feet in Greensboro, NC, for $2025 million, or about $6795/sf Highwood Properties Inc, a Raleigh, NC, REIT,...
Inline store sales at the 44 shopping malls owned by Macerich Co increased in the second quarter by 76 percent from a year ago, to $860/sf That's the highest-ever store sales level recorded by the REIT and is 11 percent greater than levels reached...
Hardt Investments has sold the 168-unit Tyner Ranch Apartments in Bakersfield, Calif, for $31 million, or $184,523/unit The local company sold the property to an unnamed Modesto, Calif, investment group in a deal brokered by Mogharebi Group Tyner...
Berkadia has arranged a $45 million Fannie Mae loan against the Residences at Lakeview, an 827-unit apartment property in Memphis, Tenn The 53-year-old property, at 2774 South Mendenhall Road, is owned by a venture of Atlas Real Estate Partners of...
Crain’s Chicago Business North Park Ventures has agreed to pay $353 million, or $215,243/unit, for a portfolio of five apartment properties with a total of 164 units in the Chicago suburb of Evanston, Ill The Chicago investment firm is buying...
The Real Deal Triple Five Group, owner of the American Dream Mall in East Rutherford, NJ, has missed an $88 million payment on municipal bonds that was due Monday The bonds were used to help fund mall’s development The missed payment, however,...
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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