Philadelphia Business Journal Posel Management Co is offering for sale a portfolio of 16 retail properties totaling 631,832 square feet in the Philadelphia area The Philadelphia company has tapped Marcus & Millichap to market the properties...
A venture of GT Capital and Benaroya Co has paid $483 million, or $8936/sf, for the 540,589-square-foot office property at 901 Fifth Ave in downtown Seattle The sale was first reported by the Puget Sound Business Journal GT Capital, of Seattle, and...
Crain’s Chicago Business Newcastle Investors has lined up a $247 million Fannie Mae loan against Reside on Jackson, a 93-unit apartment property in Chicago Northmarq arranged the five-year, fixed-rate mortgage, which allowed Newcastle to...
Philadelphia Business Journal Riverwards Group has lined up $358 million of construction financing for the second phase of Somerset Station, a 170-unit apartment project in Philadelphia’s Port Richmond neighborhood D2 Capital Advisors arranged...
Philadelphia Business Journal Vitrian has paid $70 million, or $23760/sf, for a 294,611-square-foot life-sciences and flex portfolio in the Philadelphia suburb of Malvern, Pa The Bethesda, Md, real estate firm acquired the properties from a venture...
New York Business Journal An affiliate of Palette Hotels has paid $72 million, or $203,966/room, for the 353-room DoubleTree by Hilton New York LaGuardia Airport Hotel in the East Elmhurst neighborhood of Queens, NY The Manhattan hotel management...
South Florida Business Journal An affiliate of Investments Limited has paid $3815 million, or $15273/sf, for a 249,794-square-foot office building at 555 South Federal Highway in Boca Raton, Fla The local real estate firm acquired the property from...
Tampa Bay Business Journal An affiliate of Hines has paid $561 million, or $13495/sf, for a 415,717-square-foot warehouse at 1820 Massaro Blvd in Tampa, Fla The Houston real estate firm purchased the industrial property from an affiliate of Hove...
TruAmerica Multifamily paid $78 million, or $390,000/unit, for the 200-unit Bridges at San Ramon apartment property in the northern California city of San Ramon The Los Angeles investment manager purchased the 39-year-old property, at 309...
The $515 million sale of the commercial space and parking garage at the 1,639-room Palmer House Hotel in Chicago resulted in the near wipe-out of the $5768 million CMBS loan against it The space—54,136 square feet of retail space, 14,400 sf of...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
