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 Staff Report Property prices increased slightly during the first quarter, according to the Trepp Property Price Index, or TPPI Prices were up 009% from the fourth quarter and 048% from a year ago, according to the TPPI...
Bridge Housing has paid $2535 million, or $234,722/unit, for Latitude, a 108-unit apartment property in the Seattle suburb of Everett, Wash The San Francisco affordable-housing specialist acquired the property, at 12907 East Gibson Road, from...
Ventas Inc has paid $6381 million, or $196,338/unit, for Aston Gardens at Parkland Commons, a 325-unit seniors-housing property in Parkland, Fla, which is just west of Boca Raton, Fla The Chicago REIT acquired the property from an affiliate of Kayne...
Boston Business Journal An entity managed by Mai Luo has paid $30 million, or $14416/sf, for 18 Tremont St, a 208,097-square-foot office building in Boston’s Financial District The local investor acquired the building from an affiliate of...
New York Business Journal An affiliate of Melia Hotels International has paid $203 million, or $648,562/room, for the Innside New York NoMad hotel in Manhattan The Palma de Mallorca, Spain, hospitality company bought the 313-room property from its...
Atlanta Business Chronicle Network Realty Partners has paid $2715 million, or $9560/sf, for the 284,000-square-foot Park at Perimeter Center East office complex in Atlanta The Arlington, Va, investor bought the three-building property from Grubb...
Orlando Business Journal Tabani Group has paid $251 million, or $15556/sf, for West Colonial Oaks, a 161,333-square-foot retail property in Orlando, Fla The Dallas company purchased the shopping center from Newport Capital Partners of Chicago, which...
A total of 35 CMBS loans with a balance of $271 billion were transferred to special servicers last month But they worked out $149 billion of loans during that time, so the net increase in special servicing volumes was $122...
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