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...
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...
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...
Atlanta Business Chronicle Cortland Partners has bought the Spectrum South End Apartments, a 331-unit property in Charlotte, NC, for $104 million, or about $314,199/unit The Atlanta apartment developer purchased the complex from PGIM Real Estate of...
Tampa Bay Business Journal B&L Investments has sold the 350,000-square-foot office building at 6302 Corporate Center in Tampa, Fla, for $31 million, or about $8857/sf A venture of Torose Equities and Merrimac Ventures was the seller CBRE Capital...
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