GID has acquired First Commons, a 99,435-square-foot industrial property in Phoenix The Boston asset manager purchased the property from an entity of MIG Real Estate of Newport Beach, Calif The purchase price was not disclosed The property, at 4625...
Crain’s New York Business The Stagg Group has paid $18 million, or $189,474/unit, for Overlook Manor, a 95-unit apartment property near the campus of Manhattan College in the Bronx, NY The six-story property, 3801 Waldo Ave, has a capacity of...
REBusiness Online A venture led by HIG Realty Partners has paid $110 million for a portfolio of four retail centers with 592,000 square feet in the Richmond, Va, area The Miami investment manager partnered on the purchase with Rosenthal Properties...
A venture led by Slate Property Group has paid $120 million, or $722,892/unit, for the 166-unit apartment building at 600 Columbus Ave in Manhattan’s Upper West Side neighborhood The venture, which includes real estate investment managers KABR...
Charlotte Business Journal Asana Partners has bought the Grinnell Water Works building in Charlotte, NC, for $1915 million, or about $36863/sf The local real estate investor purchased the 51,949-square-foot office property from Northridge Capital of...
Triangle Business Journal Anantaa Inc has paid $103 million, or $100,000/room, for the 103-room Cambria Hotel Raleigh-Durham Airport in Morrisville, NC The Goldsboro, NC, company purchased the property, which sits on 23 acres at 300 Airgate Drive,...
Houston Business Journal Dhanani Private Equity Group has bought Kingwood Commons, a 165,000-square-foot retail property in Kingwood, Texas, about 23 miles northeast of Houston The Stafford, Texas, company bought the property from Kite Realty Group,...
Commercial Observer Lalezarian Properties has paid $335 million, or $34045/sf, for 650 First Ave, a seven-story office building at the corner of 37th Street in Manhattan’s Murray Hill neighborhood, with plans to convert it into apartments The...
Commercial Real Estate Direct Staff Report Freddie Mac has provided $40 million of financing to facilitate MG Properties’ purchase of the Artesia, a 192-unit apartment property in Everett, Wash The San Diego investment manager purchased the...
Commercial real estate brokers in New York have become even more pessimistic than they had been, according to a survey by the Real Estate Board of New York, or REBNY The trade group, which represents brokers, building owners, managers and developers...
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.
