Commercial Real Estate Direct Staff Report The Vornado Realty Trust venture that owns the 194,000-square-foot office building at 61 Ninth Ave in Manhattan’s Chelsea neighborhood has lined up a $161 million mortgage from UBS Vornado owns the...
A venture led by CenterSquare Investment Management has paid $1715 million, or nearly $161/sf, for the 106,643-square-foot Philips Highway Industrial Park in the Southside area of Jacksonville, Fla The Conshohocken, Pa, investment manager bought the...
Silicon Valley Business Journal Peninsula Land & Capital has paid $246 million, or $19871/sf, for Lincoln Court, a 123,800-square-foot office property in Campbell, Calif, about 50 miles south of San Francisco The Palo Alto, Calif, investment...
Commercial Real Estate Direct Staff Report The freestanding Lord & Taylor store in the Westchester County, NY, town of Scarsdale has been sold for $796 million, or nearly $401/sf The 198,523-square-foot property, on 11 acres at 750 White Plains...
Crain’s Chicago Business A group led by investor Prakash Patel has paid $29 million, or $124,463/room, for the 233-room Homewood Suites hotel in downtown Chicago Patel acquired the property, at 40 East Grand Ave, from Brookfield The hotel was...
Dwight Capital has originated a $130 million loan under the US Department of Housing and Urban Development’s 223(f) program against the 358-unit Gardens Residences in downtown North Miami The loan allowed the property’s developer, Omega...
Nashville Business Journal Cushman & Wakefield has been tapped to market for sale the Radius Building, a 265,000‑square‑foot office property in Nashville, Tenn Rubicon Equities owns the 10-story building at 601 11th Ave North in the...
Atlanta Business Chronicle Google has agreed to fully lease a more than 1 million-square-foot industrial property at 6720 Oakley Industrial Blvd in the Atlanta suburb of Union City, Ga The tech giant is leasing the facility from Majestic Realty...
Washington Business Journal The NHP Foundation has paid $537 million, or $246,330/unit, for Hadley Germantown, a 218‑unit affordable-housing complex in Germantown, Md, about 25 miles northwest of downtown Washington, DC The New York nonprofit...
Charlotte Business Journal Miramar Capital has paid $558 million, or $315,254/unit, for a pair of build‑to‑rent townhome communities with a total of 177 units in Charlotte, NC The Los Angeles investment firm purchased the properties from Hopper...
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