Guggenheim Partners has provided $24 million of financing against Mayfair in the Grove, a 281,782-square-foot mixed-use property in Miami’s Coconut Grove neighborhood The loan was arranged by Dockerty Romer & Co of Delray Beach, Fla, and...
NextGen Properties Group has paid $4963 million, or $387,734/unit, for the 128-unit Alivia Apartments in Whittier, Calif The Irvine, Calif, real estate company purchased the property as part of a tax-deferred exchange from an affiliate of Fairfield...
San Antonio Business Journal Construction has started on a four-story office building in the Brooks mixed-use development in San Antonio The building, dubbed WatersEdge II, is being developed by Cambridge Development Group of Vienna, Va, and will...
Dallas Morning News Alpine Start Development is starting construction in March on a 314-unit residential project in the Dallas suburb of Grand Prairie, Texas The Dallas developer is building the property on a 26-acre site on January Lane just west...
Multi-Housing News TWG Development has broken ground on Fairground Flats, a 216-unit apartment property in Oklahoma City The Indianapolis developer is building the property at 2820 General Pershing Blvd, about six miles west of the city’s...
Multi-Housing News CBRE Investment Management, on behalf of affiliates of Munich Re Group, has bought the 247-unit Liberty Warehouse Apartments in Durham, NC The seller and purchase price were not disclosed The property is encumbered by a $46...
Carter Multifamily has paid $345 million, or about $172,500/unit, for the 200-unit Brighton Park Apartments in Byron, Ga The seller was not disclosed The property is encumbered by an $18 million Freddie Mac loan that’s securitized through...
Agora Commercial Realty Advisors has paid $17 million, or nearly $87/sf, for Mount Pocono Plaza, a 195,735-square-foot retail center in Mount Pocono, Pa The Philadelphia company bought the property from Heidenberg Properties of Closter, NJ, which...
Crain’s Chicago Business Bridge Industrial is under contract to pay between $90 million and $100 million for the Baxter Corporate Headquarters, a 646,000-square-foot office property in Deerfield, Ill The Chicago investment manager is buying...
Commercial Real Estate Direct Staff Report Azora Exan has paid $78 million, or $25732/sf, for the Offices at Vernon Place, a two-building office property with 303,130 square feet in Cincinnati The Miami investor purchased the property from a venture...
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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