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,...
Commercial Real Estate Direct Staff Report The Melohn Group, which owns the 574,878-square-foot office building at 111 West Jackson Blvd within Chicago’s Loop, is attempting to negotiate a workout of the property’s $105 million of CMBS...
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 Pinnacle II, a 230,000-square-foot office building in Burbank, Calif, that serves as collateral for an $87 million CMBS loan has gone vacant The vacancy was highlighted in a TreppWire report The property,...
Philadelphia Business Journal The $2737 million CMBS loan against a portfolio of four Club Quarters hotels with a total of 1,228 rooms has defaulted and is headed toward foreclosure The loan is securitized through BX Trust, 2017-CQHP, and is senior...
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 property prices continued their downward trend, declining by 113 percent in April, according to the MSCI Real Assets Commercial Property Price Index That marks the ninth straight month of declines for the index, a repeat-sales gauge...
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.
