Crain’s Chicago Business Vinayaka Hospitality has paid $432 million, or $128,955/room, for the 335-room Blackstone Hotel in downtown Chicago The Schaumburg, Ill, hotel manager acquired the property, at 636 South Michigan Ave, from a venture of...
Kohan Retail Investment Group has purchased the Pecanland Mall in the northern Louisiana city of Monroe, giving it its second shopping mall in the state It also owns the Pierre Bossier Mall in Bossier City, which it also bought from a CMBS...
Denver Business Journal Speed Bay Warehouse Solutions has paid $715 million, or $15343/sf, for the 466,000-square-foot Park Industrial Center in Commerce City, Colo The local company acquired the property, at 5750-6360 East 58th Ave, from Kew Realty...
ConnectCRE Belkorp has paid $4415 million, or $25257/sf, for the 174,800-square-foot industrial property at 3809 East Watkins St in Phoenix The Vancouver, British Columbia, investment firm purchased the building from LBA Realty of Irvine, Calif, in...
South Florida Business Journal An affiliate of North American Development Group has lined up $10547 million of construction financing for Nuvo Midtown Boca, a 294‑unit apartment project in Boca Raton, Fla A lending group led by US Bank provided...
Tampa Bay Business Journal An affiliate of Ardent has filed a foreclosure suit against the owner of the 432-unit X Tampa apartment project in downtown Tampa, Fla The suit filed by the Atlanta lender claims that the borrower, Chicago developer X Cos,...
Charlotte Business Journal InvenTrust Properties Corp has paid $166 million, or $56436/sf, for the 29,414‑square‑foot retail center at 3609 South Blvd in Charlotte, NC The Downers Grove, Ill, REIT purchased the property from an affiliate of...
South Florida Business Journal Publix Super Markets Inc has paid $78 million, or $43642/sf, for the 178,726‑square‑foot Fountains of Boynton Shopping Center in Boynton Beach, Fla The Lakeland, Fla, grocery store chain acquired the retail...
Principal Financial Group has paid $8063 million, or $21051/sf, for the 383,000-square-foot Capital Marketplace retail property in Raleigh, NC The Des Moines, Iowa, company purchased the property from Finmarc Management Inc, which purchased it in...
A venture of Basis Industrial and One Investment Management has paid $8948 million, or nearly $144/sf, for a portfolio of 25 shallow-bay industrial buildings with 621,759 square feet in the suburban Atlanta The venture bought the portfolio from...
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