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...
InvenTrust Properties has paid $34 million, or $20118/sf, for New Garden Crossing, a 169,000-square-foot retail property in Greensboro, NC The Downers Grove, Ill, REIT purchased the shopping center from Hackney Real Estate Partners of Richmond, Va,...
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...
South Florida Business Journal A venture of Intalex, Itero Investments, and Greenwall has bought The Ponce, a 365,000-square-foot office complex in the Miami suburb of Coral Gables, Fla, for $978 million, or $26795/sf An affiliate of PGIM Real...
South Florida Business Journal Longpoint Partners has paid $388 million, or $31913/sf, for a two-building industrial property totaling 121,579 square feet in Medley, Fla The Boston investor purchased the property from Martha and Ruben Artiles Axiom...
Crain’s Chicago Business Local developer R2 has paid $176 million, or $8195/sf, for the 214,768-square-foot office property at 600 West Fulton St in Chicago The seller was a venture led by real estate investor Randy Rissman, which bought it in...
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...
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...
South Florida Business Journal An affiliate of Global Fund Investments has paid $1725 million, or $11459/sf, for the 150,537-square-foot Oakland Park Festival Center in Oakland Park, Fla The Sunrise, Fla, investor purchased the retail property from...
Houston Business Journal High Street Logistics Properties has acquired Northwest Spur Industrial Park, a more than 1 million-square-foot industrial complex in Houston The Chicago investor purchased the six-building property from an affiliate of...
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