Commercial Real Estate Direct Staff Report Waterton has paid $635 million, or $516,260/unit, for 128 on State, a 123-unit apartment property in Kirkland, Wash The Chicago investment manager purchased the property from an affiliate of Prometheus Real...
A venture of Axton Group and Bascom Group has sold two nearby apartment properties with a combined 486 units in Colorado Springs, Colo, for $741 million, or $152,469/unit The buyer was an investor group registered in Wilmington, Del, according to El...
New York Post The Good Cause Eviction Bill winding through the New York state legislature would cap annual rent increases at New York City apartments at the greater of 3 percent or 15 percent of the increase in the Consumer Price Index The bill...
Multi-Housing News Clarion Partners Real Estate Income Fund has purchased the 176-unit Retreat at Weaverville apartment property in Asheville, NC, for $528 million, or $300,000/unit Graycliff Capital sold the property, at 61 Garrison Branch Road,...
The Real Deal The Kislak Organization has sold Kislak Office Plaza, a 77,000-square-foot office property in Miami Lakes, Fla, for $21 million, or about $273/sf The Ward Law Group bought the two-building property, at 7900 NW 154th St, which was built...
Commercial Real Estate Direct Staff Report The affiliate of Brookfield Asset Management that owns the Park Place Mall in Tucson, Ariz, likely will turn the property over in a deed-in-lieu of foreclosure or other similar arrangement to its lender,...
Triangle Business Journal Stream Realty Partners has bought three industrial buildings at Garner Business Park 70 in suburban Raleigh, NC, for $7414 million, or about $15193/sf The Dallas company bought the buildings from Al Neyer, a Cincinnati real...
REBusiness Online Ilan Investments has bought The Redland, a 276-unit apartment property in San Antonio The Houston company purchased the property, at 18979 Redland Road, from Bascom Group of Irvine, Calif The sales price was not disclosed Newmark...
Austin Business Journal Stockdale Capital Partners has purchased out of bankruptcy Arboretum Crossing, a 192,000-square-foot shopping mall in Austin, Texas, for $475 million, or about $24740/sf The Los Angeles company, which focuses primarily on...
Commercial Real Estate Direct Staff Report Knightvest Capital assumed an existing $4578 million Fannie Mae loan when it paid $1025 million, or $251,225/unit, for the 408-unit Aventura apartment property in Avondale, Ariz The Dallas investment...
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