Commercial Real Estate Direct Staff Report Las Vegas developer Eli Applebaum has paid $70 million for a 12-acre development site along the Las Vegas Strip at the southeast corner of Las Vegas Boulevard and Mandalay Bay Road Applebaum acquired the...
Commercial Real Estate Direct Staff Report The appraised value of the 448-room Hilton Houston Post Oak hotel in the city’s Uptown area has been reduced again, this time by more than half to $31 million The property, constructed in 1982 but...
Crain’s Chicago Business Vinayaka Hospitality has paid $432 million, or $128,955/room, for the 335-room Blackstone Hotel in downtown Chicago The Schaumburg, Ill, hotel manager acquired the property, at 636 South Michigan Ave, from a venture of...
Kohan Retail Investment Group has purchased the Pecanland Mall in the northern Louisiana city of Monroe, giving it its second shopping mall in the state It also owns the Pierre Bossier Mall in Bossier City, which it also bought from a CMBS...
Denver Business Journal Speed Bay Warehouse Solutions has paid $715 million, or $15343/sf, for the 466,000-square-foot Park Industrial Center in Commerce City, Colo The local company acquired the property, at 5750-6360 East 58th Ave, from Kew Realty...
ConnectCRE Belkorp has paid $4415 million, or $25257/sf, for the 174,800-square-foot industrial property at 3809 East Watkins St in Phoenix The Vancouver, British Columbia, investment firm purchased the building from LBA Realty of Irvine, Calif, in...
South Florida Business Journal An affiliate of North American Development Group has lined up $10547 million of construction financing for Nuvo Midtown Boca, a 294‑unit apartment project in Boca Raton, Fla A lending group led by US Bank provided...
Dallas Business Journal B1Bank is offering for sale a $213 million loan against the 275,000‑square‑foot office building that once was home to the Fort Worth Star‑Telegram newspaper in Fort Worth, Texas Mission Capital has been tapped to market...
Tampa Bay Business Journal An affiliate of Ardent has filed a foreclosure suit against the owner of the 432-unit X Tampa apartment project in downtown Tampa, Fla The suit filed by the Atlanta lender claims that the borrower, Chicago developer X Cos,...
MF1 Capital, best known as a provider of bridge financing against apartment properties, is tapping the CMBS market with a $73422 million conduit-like transaction backed by fixed-rate loans against apartment...
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