Commercial Real Estate Direct Staff Report The volume of office space leased in Manhattan totaled 63 million square feet in the third quarter, nearly 31 percent behind the pace set at the same time last year, according to Savills Despite this...
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...
The volume of CMBS loans that are more than 30 days late with their payments increased again in September, to $2656 billion, or 44 percent of the universe tracked by Trepp Inc That's in sharp contrast to August, when volumes had declined by 45...
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...
Rentvcom California Gateway has paid $477 million, or $23850/sf, for the 200,000-square-foot industrial property at 201 Frank Ave in Belgrade, Mont The private family office acquired the property, as part of a 1031 exchange, from an undisclosed...
Denver Business Journal Jackson Square Properties has paid $89 million, or $344,961/unit, for the Helios, a 258-unit apartment property in Englewood, Colo The San Francisco developer purchased the property from Blackstone Group, which had acquired...
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.
