Commercial Observer InterVest Capital Partners is paying $65 million, or $129,224/unit, for a portfolio of seven apartment properties with 503 units in the Bronx, NY The investment manager, formerly Wafra Capital Partners, is buying the portfolio...
Triad Business Journal Front Street Capital is constructing a 140,000-square-foot industrial building in Winston-Salem, NC The project is being built on a 73-acre site along Millennium Drive as part of the Union Cross Industrial Center The developer...
Charlotte Business Journal A venture of Levine Properties, Northwood Ravin and Horizon Development Properties is looking to build a large mixed-use project in Charlotte, NC The venture has submitted a request to rezone 115 acres near the...
Griffin Living has sold Griffin Plaza, comprised of an 85,022-square-foot retail center and the 102-unit Varentia of Simi Valley seniors-housing property, in Simi Valley, Calif, for $221 million The Westlake Village, Calif, development firm sold the...
Crain’s Chicago Business JVM Realty has acquired the 149-unit Courthouse Square Apartments in Wheaton, Ill, about 28 miles west of Chicago The purchase price could not yet be learned The Oak Brook, Ill, investment manager purchased the...
Minneapolis/St Paul Business Journal An affiliate of SR Realty Trust Inc has paid $25 million, or $6944/sf, for the 360,000-square-foot industrial property at 905 Yankee Doodle Road in Eagan, Minn The Minneapolis REIT purchased the property from...
The Real Deal Stonehenge NYC has paid $115 million, or $586,735/unit, for the 196-unit RiverEast apartment building on Manhattan’s Upper East Side The New York investor bought the 32-story property, at 408 East 92nd St, from UBS Realty...
South Florida Business Journal Richman Group has proposed constructing a 195-unit apartment property in Lake Worth Beach, Fla The Greenwich, Conn, developer filed plans to build the property for a 74-acre site at 2559, 2441 and 2431 Second Ave...
Orlando Business Journal Skorman Development is breaking ground soon on the 327-unit Vista Hills apartments in Minneola, Fla, about 27 miles west of Orlando, Fla The project is being planned for a 16-acre site directly east of the Orlando...
Torose Equities, a recently formed real estate investor, has completed its second investment, paying $31 million, or $92/sf, for the 336,772-square-foot 6302 Corporate Center office property in Tampa, Fla The company pursues a contrarian investment...
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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