Commercial Real Estate Direct Staff Report An affiliate of Golden Horizon Enterprises has paid $1125 million, or $336,826/unit, for Bungalows at Camelback, a 334-unit apartment property in Phoenix The purchase was first reported by the Phoenix...
South Florida Business Journal New Sense LLC has lined up $111 million of construction financing for the 328-unit Sense 22 apartment project in Miami The lender is identified as S3 RE 114-138 NE 22nd Street Funding LLC New Sense, a Miami developer,...
A significant slug of securitized mortgages backed by hotels in the Austin, Texas, metropolitan statistical area could face refinancing challenges, as 39 loans with a total balance of $68558 million have debt yields less than 9%, according to data...
Orlando Business Journal Hedrick Brothers Development has lined up $565 million of construction financing for The Hedrick at Lake Toho Apartments, a 366-unit project in the Orlando, Fla, suburb of Kissimmee, Fla The Winter Park, Fla, developer...
New York Times The 38-story office property at 235 East 42nd St in Midtown Manhattan that is undergoing a residential conversion has been evacuated as construction workers noticed cracks, as well as structural support beams beginning to buckle on...
Commercial Property Executive MCA Realty has paid $206 million, or $14896/sf, for a three-building industrial property totaling 138,296 square feet in Kent, Wash, a city that’s 14 miles south of Seattle The Santa Ana, Calif, investment firm...
The Southern region of the country saw 53,000 apartment-unit starts in the first quarter of this year, accounting for more than half of the 103,000 units that broke ground nationally, according to the US Census...
Crain’s Chicago Business Stripe has agreed to renew and expand its lease at the 13 million-square-foot office property at 350 North Orleans St in Chicago The online payment company, which had been in 89,000 sf, will now lease 222,000 sf at the...
Boston Business Journal A venture of Lincoln Property Co and investors advised by JPMorgan Asset Management has bought The Edge, a 962,000-square-foot office complex in Wakefield, Mass, for $61 million, or $6341/sf Hobbs Brook Real Estate of...
Commercial Observer Delshah Capital has paid $1278 million for a portfolio of three mixed-use properties in the Williamsburg section of Brooklyn, NY, in separate deals The New York real estate developer paid $458 million for 227 Grand St, which has...
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