Commercial Real Estate Direct Staff Report A total of 192 loans with a balance of $303 billion backing private-label CMBS deals were defeased, or replaced by government securities during the first half of the year, according to Trepp Inc That...
Wall Street Journal Airbnb Inc is said to have purchased the 42,500-square-foot office building at 281 Park Ave South in Manhattan’s Midtown South submarket for $815 million, or $1,917/sf The historic building, commonly known as the Church...
Commercial Real Estate Direct Staff Report KPR Centers has paid $282 million, or $12469/sf, for Westwood Town Center, a 226,155-square-foot retail center in Rocky River, Ohio, a western suburb of Cleveland The New York investment manager acquired...
Hines Global Income Trust Inc has paid $151 million, or $73371/sf, for the 205,803-square-foot 405 Colorado office building in Austin, Texas The Houston REIT, whose shares do not trade on any exchange, bought the 25-story building, which includes a...
Burton Property Group has paid $76 million, or $195/sf, for the 389,471-square-foot Vestavia Hills City Center retail property in the Birmingham, Ala, suburb of Vestavia Hills, Ala The Mobile, Ala, developer, which started life as Smith’s...
Finmarc Management Inc has sold the 83,300-square-foot Park East III flex-office building and a neighboring 64-acre parcel in the Washington, DC, suburb of Chantilly, Va, to Pulte Homes for $2636 million, or $31645/sf The single-story building is at...
Crain’s Chicago Business Highland Real Estate Partners has paid $119 million, or $399,328/unit, for the 298-unit Exhibit on Superior apartment property in Chicago’s River North neighborhood The Ogden, Utah, investor acquired the...
Puget Sound Business Journal BKM Capital Partners has paid $857 million, or $20781/sf, for five industrial properties with 413,840 square feet in the Seattle suburbs of Kent and Tukwila, Wash The Newport Beach, Calif, investment manager acquired the...
Commercial Real Estate Direct Staff Report Rise48 Equity has paid $217 million, or $200,925/unit, for the 108-unit Northern apartment property in Phoenix The Scottsdale, Ariz, investment manager bought the property, the former Solano Pines at 17840...
Boyd Wilson LLC has paid $97 million, or $252,604/unit for the 384-unit Landings apartment property in Bethlehem, Pa The Lancaster, Pa, investment manager purchased the property, at 1818 Catasauqua Road, from an investor group, Valley Park South LLC...
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