South Florida Business Journal PGIM Real Estate has sold 355 Alhambra, a 222,757-square-foot office building in Coral Gables, Fla, for $90 million, or about $40403/sf The Newark, NJ, company sold the 16-story property to an affiliate of Princeton...
Commercial Observer Urban Standard Capital has provided $38 million of construction financing for a 76-unit apartment project at 827 Sterling Place in the Crown Heights section of Brooklyn, NY Haussmann Development of New York is developing the...
Commercial Real Estate Direct Staff Report The universe of commercial mortgages outstanding in the United States increased by $377 billion in the second quarter, to $46 trillion, according to the Mortgage Bankers Association The increase was driven...
Portland Business Journal Spear Street Capital has paid $41 million, or $34715/sf, for the 118,104-square-foot Leland James office building in Portland, Ore The San Francisco company purchased the property from ABS Real Estate Investments, which had...
Commercial Real Estate Direct Staff Report Sherwood Real Estate Partners has acquired a 40,000-square-foot airplane hangar at 3507 Jack Northrop Ave at Hawthorne Municipal Airport in the Southern California city of Hawthorne The Santa Monica, Calif,...
Charlotte Business Journal An affiliate of Blackfin Real Estate Investors has paid $288 million, or $144,000/unit, for the 200-unit Pines at Carolina Place apartment property in Pineville, NC The Arlington, Va, company purchased the property from an...
Tampa Bay Business Journal Ocean Bank has provided $176 million of financing for the construction of the 128-room Hilton Home2 Suites hotel in Clearwater, Fla An affiliate of Baywood Hotels of Columbia, Md, is developing the five-story property on a...
An affiliate of Presson Corp has paid $721 million, or $24408/sf, for the two-building office property with 295,401 square feet at 3131 and 3133 Camelback Road in Phoenix The local company, led by Daryl Burton, purchased the property from Lincoln...
Commercial Real Estate Direct Staff Report JLL Income Property Trust has funded its first-ever mortgage The non-traded REIT, managed by LaSalle Investment Management Inc, owns equity interests in 136 properties, mostly apartments and industrial...
South Florida Business Journal J Milton & Associates has paid $2894 million, or about $243,193/unit, for the 119-unit Shamrock of Sunrise apartment property in Sunrise, Fla The Coral Gables, Fla, company purchased the four-story property from an...
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