Madison Newbond has provided $115 million of mortgage financing against the recently completed La Bahia Hotel & Spa in Santa Cruz, Calif The five-year loan was arranged by Sonnenblick-Eichner Co of Los Angeles The 155-room hotel was developed by...
Washington Business Journal The People’s Democratic Republic of Algeria has purchased the 211,452-square-foot office building at 1441 L St NW in downtown Washington, DC, for $415 million, or about $19626/sf The North African nation purchased...
ColoradoBiz Regency Centers has paid $371 million, or $39137/sf, for Shops at Highland Walk, a 94,795-square-foot retail center in Highland Ranch, Colo, a southern suburb of Denver The Jacksonville, Fla, shopping center investor acquired the...
Tampa Bay Business Journal JBL Asset Management has paid $31 million, or $60784/sf, for Alderman Plaza, a 51,000-square-foot retail property in Palm Harbor, Fla The Hollywood, Fla, developer purchased the shopping center from Alderman Group of St...
Commercial Real Estate Direct Staff Report Manchester Financial Group, which owns the 1,048-room Fairmont Austin hotel in Austin, Texas, tapped a reserve fund to pay some of the property’s taxes It evidently did that without consent of its...
Boston Business Journal Mount Vernon Co has paid $44 million, or $220,000/room, for the 200-room North Conway Grand Hotel in North Conway, NH The seller was not immediately identified The property was built in 1989 at 72 Common Court, next to the...
The Mercury News Apple has paid $1622 million, or $83253/sf, for the 194,827-square-foot office building at 684 West Maude Ave in Sunnyvale, Calif, a city that’s 40 miles south of San Francisco The tech giant acquired it from a venture of...
SRG Living Inc has paid $286 million, or $80,790/unit, for the 354-unit Riverwood Apartments in Lansing, Ill, about 27 miles south of Chicago The Lakewood, NJ, investor acquired the property, at 3649 173rd Court, from an investor group led by Robert...
The sale-leaseback market maintained its momentum through the first quarter, and given strong M&A activity and favorable market conditions, demand should remain...
Commercial Real Estate Direct Staff Report The 21 million-square-foot Illinois Center office complex in Chicago’s East Loop submarket has been reappraised at a value of $665 million The two-building property, at 111 East Wacker Drive and 233...
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.
