Philadelphia Business Journal PMC Property Group, which is converting parts of two office buildings in Philadelphia into apartments, has agreed to buy the 176 million-square-foot Centre Square office building and is expected to pursue a similar...
Rentvcom Warren Resort Hotels has paid $225 million, or $424,528/room, for the Franciscan Inn & Suites, a 53-room hotel in Santa Barbara, Calif The Santa Maria, Calif, company acquired the property, at 109 Bath St, from Ed St George, a local...
Nashville Business Journal InvenTrust Properties has paid $88 million, or $11733/sf, for the 750,000-square-foot Nashville West Shopping Center in Nashville, Tenn The Downers Grove, Ill, REIT purchased the retail property from Manova Partners of...
South Florida Business Journal Sagard Real Estate has purchased the 186,731-square-foot industrial building at 11102 NW South River Drive in Medley, Fla, for $51 million, or $27312/sf The Denver company bought the property from an affiliate of...
Orlando Business Journal Bonnet Creek Village SPE LLC is offering for sale a 200-room Rodeway Inn in the Orlando, Fla, suburb of Kissimmee, Fla The property comes to market with an asking price of $32 million The hotel, at 5995 West Irlo Bronson...
Nashville Business Journal An affiliate of a fund managed by Covenant Capital Group has bought the 170-unit 500 Fifth apartment building in downtown Nashville, Tenn, for $23 million, or $135,294/unit The Nashville company purchased the 10-story...
Woodmont Industrial Properties has sold the recently constructed 51 New Brunswick Ave industrial property in the central New Jersey township of Woodbridge to investment manager Sagard Real Estate for $211 million, or nearly $390/sf The sale of the...
Crain’s Chicago Business Kohan Retail Investment Group is in talks to buy the 15 million-square-foot Citadel Center office property in Chicago The Great Neck, NY, investor would be buying the property, at 131 South Dearborn St, from a venture of...
Zeta Charter Schools has paid $255 million for the development site at 261 Walton Ave in the Bronx, NY The operator of charter schools, which has 11 schools in the Bronx, Queens and upper Manhattan, bought the site from a venture of New York City...
Charlotte Business Journal Alta Peak Capital has bought the 73,343-square-foot Salt + Vinegar office and retail property in Charlotte, NC, for $24 million, or $32723/sf The local company purchased the building from White Point Partners, also 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.
