Westcore has paid $5224 million, or $13129/sf, for Raceway Commerce Center, a 397,894-square-foot industrial property in West Valley City, Utah The San Diego investor purchased the property from Brennan Investment Group of Rosemont, Ill, which was...
Commercial Real Estate Direct Staff Report Thor Equities and its partner, ASB Real Estate Investments, have sold the 14,589 square feet of retail space at 155 Mercer St in Manhattan’s SoHo neighborhood for $60 million, or $4,113/sf The venture...
Crain’s Chicago Business Blatteis & Schnur has paid $273 million, or $4,658/sf, for the 5,860-square-foot retail portion of the Westin Michigan Avenue Chicago, a 752-room hotel in Chicago The Los Angeles investor purchased the space from...
The Real Deal Abraham Trust, led by Jacob Garlick, placed the winning bid of $190 million, or $745/sf, for the iconic Flatiron Building at 175 Fifth Ave in Manhattan The 121-year-old property was auctioned through Mannion Auctions in order to settle...
REJournalscom KeyBank has provided $50 million of Freddie Mac financing against the Lumen, a 318-unit apartment property in Cleveland The financing pays a fixed-rate and includes five years of interest-only payments The Freddie financing allows the...
Commercial Property Executive A venture of BKM Capital Partners and Investcorp has paid $1578 million, or $21324/sf, for a portfolio of four industrial properties with 740,000 square feet in Las Vegas BKM, of Newport Beach, Calif, and Investcorp, of...
Longpoint Realty Partners has paid $227 million, or $34391/sf, for Cardenas Marketplace, a 66,006-square-foot retail center in Montclair, Calif The seller could not be identified immediately CBRE arranged the transaction The Boston investment...
Property values in the United States are expected to decline this year by 10 percent and by another 5 percent next year, according to Oxford Economics The UK research company noted that while the expected 15 percent decline is massive, it would pale...
Commercial Real Estate Direct Staff Report Only $269 billion of commercial properties changed hands in February, according to MSCI Real Assets While that’s nearly 34 percent more than the $2014 billion of volume that traded in January,...
Crain’s Chicago Business Tishman Realty is offering for sale the 69,000-square-foot office and retail building at 100 South State St in Chicago The New York investor hired Cushman & Wakefield to market the property, which it had acquired...
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