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...
Rent growth in the multifamily sector nationwide is stabilizing after the record increases achieved following the coronavirus pandemic The country's hottest markets, including Phoenix and Las Vegas, saw asking rents fall in the first quarter They...
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,...
ConnectCRE Work is underway on a 323,750-square-foot warehouse at 50 Robert Milligan Parkway in Merrimack, NH Trammell Crow Co and Diamond Realty Investments are building the industrial property on a 43-acre parcel, with completion expected in the...
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,...
Real Estate Weekly Bristol Group is nearing completion of the 178,124-square-foot warehouse it’s building in the Long Island, NY, town of Commack, NY The industrial project, at 49 Mall Drive, is expected to be completed in June It will have...
Dallas Business Journal The team of Bandera Ventures and Invesco Real Estate has started work on a two-building industrial project in Wilmer, Texas, about 15 miles southeast of Dallas The 746,420-square-foot property is being built as part of the...
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,...
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.
