Commercial Real Estate Direct Staff Report Blackstone Group has sold its 80 percent stake in Metropolitan Square in the East End of Washington, DC, for $305 million, valuing the 656,546-square-foot office building at $38125 million, or nearly...
Houston Business Journal Parkway has bought a pair of office properties with about 266 million square feet in Houston for undisclosed prices The seller, which was represented by Eastdil Secured, was not identified Parkway formed in May when Parkway...
MIG Real Estate has paid $611 million, or $442,753/unit, for the 138-unit Newport Palms Apartments in Costa Mesa, Calif The Newport Beach, Calif, investor purchased the property from MG Properties of San Diego The deal was highlighted by Kidder...
Empire State Realty Trust Inc has paid $264 million for a pair of neighboring mixed-use properties in the Williamsburg section of Brooklyn, NY The properties, 157 and 161 Wythe Ave, are at the northeast intersection of North 6th Street, and have six...
Commercial Observer A venture of Rockwood Capital and Société Générale has provided $312 million of financing against the Piazza Alta mixed-use property in the Northern Liberties neighborhood of Philadelphia The five-year loan, which pays a...
Orlando Business Journal PLK Communities has bought the Harbortown Apartments, a 428-unit complex in Orlando, Fla, for $861 million, or about $201,168/unit The Cincinnati company purchased the three-story property from LivCor of Chicago, which had...
Tampa Bay Business Journal MLG Capital has paid $705 million, or about $220,313/unit, for the Reserve at Palmer Ranch, a 320-unit apartment property in Sarasota, Fla The Brookfield, Wis, company purchased the garden-style property from Strategic...
Commercial Real Estate Direct Staff Report An investor group operating as American Dream Hotel LLC has paid $24 million, or $96,000/room, for the 150-room Meadowlands View Hotel in the New York suburb of North Bergen, NJ The group, which evidently...
Philadelphia Business Journal The $3736 million loan against the 463,988-square-foot office building at One South Broad St in Philadelphia has been extended through September 2025 The loan, securitized through JPMorgan Chase Commercial Mortgage...
South Florida Business Journal Stockbridge Capital Group has paid $489 million, or about $21436/sf, for a portfolio of three industrial properties totaling 228,118 square feet in the Lyons Technology Center in Coconut Creek, Fla The San Francisco...
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