The Real Deal Bank of America’s investment management arm has paid $555 million, or $8538/sf, for the I-88 Gateway Logistics Center, a 650,000-square-foot industrial property in North Aurora, Ill The Charlotte, NC, company purchased the...
Mercury Casualty Co has sold the 127,000-square-foot office property at 11000 Eucalyptus St in Rancho Cucamonga, Calif, for $2225 million, or $17520/sf The Los Angeles company was represented in the deal by Kennedy Wilson Brokerage The buyer was not...
Commercial Real Estate Direct Staff Report KKR Real Estate Partners Americas III has completed the purchase of two recently constructed industrial properties with a total of 2 million square feet in the Phoenix and Atlanta areas for a combined $250...
Commercial Real Estate Direct Staff Report Arbor Realty Trust has provided $785 million of financing against the Village at Pioneer Park, a 322-unit apartment property in Peoria, Ariz The financing was arranged by Tower Capital and allows the owner...
The volume of CMBS office loans classified as being more than 30 days late skyrocketed by nearly 45 percent last month to $675 billion, propelling the overall volume of delinquency to $2237 billion, or 363 percent of the CMBS universe tracked by...
Commercial Property Executive Madison Capital Group has paid $260 million, or $45157/sf, for Seagate Campus, a 575,775-square-foot research and development property in Fremont, Calif The Charlotte, NC, investment and development firm purchased the...
Commercial Real Estate Direct Staff Report Ramsfield Hospitality Finance and AB CarVal, which had provided a mezzanine loan against the dual-branded Crowne Plaza and Staybridge Suites in Atlanta’s midtown area, have taken over the property The...
Moderna Inc has paid $91 million, or $650/sf, for the 140,000-square-foot life-sciences building at 149 Hayes Memorial Drive in Marlborough, Mass, about 37 miles west of Boston The pharmaceutical and biotechnology company, which is based in...
Commercial Observer A venture led by New York developer Tredway has paid $150 million, or $183,824/unit, for the 816-unit Sea Park Apartments in the Coney Island section of Brooklyn, NY The venture bought the affordable-housing complex, at 2930 West...
MMA Storage has paid $20 million, or $27,624/unit, for Our City Storage, a 724-unit self-storage facility in Reno, Nev The Sparks, Nev, investor group purchased the property from an affiliate of West Coast Self Storage, according to Washoe County,...
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