Commercial Real Estate Direct Staff Report Zions Bank has provided an $83 million loan against the 465-unit Prospect Place apartment complex in Brooklyn, NY The five-year loan, which is being included in an upcoming CMBS conduit transaction,...
Triad Business Journal Environmental Air Systems has bought the 500,160-square-foot industrial building at 5955 Summit Ave in Browns Summit, NC, for $5674 million, or $11344/sf The High Point, NC, company purchased the property from a venture of...
The world's inventory of data centers as measured by power capacity grew by 12% last year and roughly a quarter over the past two years Growth is expected to continue ballooning, but it's not without...
Walker & Dunlop has provided $5998 million of Freddie Mac financing against the 100-unit Optima Verdana apartment property in the Chicago suburb of Wilmette, Ill The fixed-rate loan, which requires only interest payments for its full term,...
Ares Management has paid $446 million, or $30869/sf, for two industrial properties totaling 144,483 square feet in the San Francisco Bay Area cities of Hayward and Fremont, Calif The Los Angeles investment manager acquired the buildings from Link...
Dallas Business Journal Provident Realty Advisors Inc has paid $115 million for an industrial portfolio with more than 267 million square feet in the Memphis, Tenn, area The Dallas company purchased the 13-building portfolio from Blackstone Real...
Commercial Observer BridgeCity Capital has provided $474 million of financing for the development of a 170-unit apartment property at 1104 Pacific St in the Prospect Heights section of Brooklyn, NY The property is being developed by Castell Group of...
AZ Big Media A venture of IndiCap and VAC Development has broken ground on Chandler Bay, a 110,481-square-foot industrial property in Chandler, Ariz IndiCap and Vac, both of Las Vegas, are building the property at 1820 East Germann Road, about 25...
The J Paul Getty Trust has paid $382 million for a 116-acre development site at 10918-10926 Le Conte Ave in Westwood, Calif The art institution acquired the site, which is currently home to a 9,647-square-foot office, from Beitler Commercial Realty...
Commercial Real Estate Direct Staff Report Levine Investments has paid $615 million, or $20731/sf, for Rio West Business Park, a five-building office property with 296,663 square feet in Tempe, Ariz The Phoenix investment firm acquired it from...
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