The General Services Administration recently found that none of the 9,766 buildings the government occupies meet the 60% utilization threshold mandated by the USE IT Act, which could accelerate its property disposition...
Crain’s Chicago Business Barings has provided $1567 million of financing to facilitate Onni Group’s purchase of the 11 million-square-foot office property at 161 North Clark St in Chicago Onni, of Vancouver, British Columbia, paid $125...
Crain’s Chicago Business Riverside Investment & Development has lined up $64 million of mortgage financing under the US Department of Housing and Urban Development’s 221(d)(4) program for the construction of the 199-unit apartment...
Charlotte Business Journal CBRE has been tapped to market for sale the Queen City Quarter mixed-use complex in Charlotte, NC The property, formerly known as the EpiCentre, is being marketed on behalf of CWCapital Asset Management, special servicer...
Crain’s Chicago Business Standard Real Estate Investments and Belay Investment Group has paid $61 million, or $238,281/unit, for Martin’s Point, a 256-unit apartment property in the Chicago suburb of Lombard, Ill Standard and Belay, both...
Charlotte Business Journal Ares Management Corp is offering for sale ThExchange, a 568,811-square-foot office complex in Charlotte, NC The Los Angeles investment manager has tapped CBRE to market the 14-building property It took title to the...
Commercial Property Executive Hillwood has paid $417 million, or $7524/sf, for 70 Connect II, a 554,228-square-foot industrial property in Greenfield, Ind, an eastern suburb of Indianapolis The Dallas company acquired the property from Lauth Group...
The Real Deal A venture of Nelson Management, JPMorgan & Co, and L+M Fund Management is taking another shot at selling the 256-unit apartment property at 275 South St on the Lower East Side of Manhattan It is now seeking $275 million for the...
Crain’s Chicago Business Nuveen has paid $27 million, or $29032/unit, for Elston Plaza, a 93,000-square-foot retail center in Chicago The New York investment manager acquired the property, at 3570 North Elston Ave, from DWS Group, which bought...
Commercial Observer Empire State Realty Trust Inc has paid $46 million, or $2,149/sf, for the 21,400 square feet of commercial space at 127 Kent Ave in the Williamsburg section of Brooklyn, NY The New York REIT acquired the space from Joyland Group...
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