Hoodline Gindi Capital has paid $55 million, or $33742/sf, for the 163,000-square-foot office property at 25 Elm Place in downtown Brooklyn, NY The Gindi family office—Ralph Gindi founded the Century 21 department store chain in 1961—bought the...
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...
South Florida Business Journal An affiliate of Nuveen Real Estate has bought Coral Landings III, a 172,526‑square‑foot shopping center in Margate, Fla, for $463 million, or $26837/sf The Chicago company purchased the retail property from...
Tampa Bay Business Journal An affiliate of NexPoint Advisors has bought the 153‑room Courtyard by Marriott Bradenton Sarasota/Riverfront for $277 million, or $181,046/room The Dallas investment company purchased the five-story property from a...
Commercial Real Estate Direct Staff Report BKM Capital Partners has paid $43 million, or $18534/sf, for the 232,000-square-foot Northwest Business Park industrial property in Phoenix The Newport Beach, Calif, investment manager acquired 11-building...
South Florida Business Journal Welltower Inc has purchased the Arbor at Lake Worth, a 377‑unit assisted-living facility in Lake Worth, Fla, for $872 million, or about $231,300/unit The Toledo, Ohio, company bought the property from Focus...
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...
The Real Deal A venture of Metro Loft Management and Quantum Pacific Group has agreed to pay about $100 million, or $26254/sf, for One Whitehall St in Lower Manhattan, with plans to convert the 380,895-square-foot office building into apartments The...
Real Estate NJ Maersk has leased 233,492 square feet at the 515,600-sf 200 Linden Logistics Center industrial property in Linden, NJ The newly built property, at 200 Linden Logistics Way, is owned by a venture of PGIM Real Estate, Advance Realty...
Denver Business Journal The Dinerstein Cos has paid $1373 million, or $629,816/unit, for Steele Creek, a 218-unit apartment property in Denver The Houston investment firm acquired the property, at 3222 East 1st Ave, from UDR Inc, which bought it in...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
