The small-capitalization property sector appears to be firming up, with sales volumes increasing across the board last year Cap rates have increased as well, except for industrial properties...
Asana Partners has paid $51 million, or $64469/sf, for Gateway Center, a 79,108-square-foot retail center in Mission Viejo, Calif The Charlotte, NC, investment manager acquired the property, at 23972-24042 Alicia Parkway, in an all-cash deal from...
Crain’s New York Business Tishman Speyer is in advanced talks to purchase the 12 million-square-foot Chrysler Building in Manhattan The New York investor would acquire the property from Cooper Union, which last year hired Savills to market...
Commercial Observer JP Real Estate Group has paid $236 million for the mixed-use property at 1057-1059 Lexington Ave on Manhattan’s Upper East Side The New York investor acquired the property from Rudd Realty Management, also of New York,...
South Florida Business Journal Bank OZK has provided $3238 million of construction financing for the Four Seasons Private Residences Coconut Grove condominium project in Miami A venture of CMC Group and Fort Partners broke ground on the 70-unit...
LaSalle Investment Management has paid $50 million, or $11449/sf, for Bullitt II Logistics Center, a 436,716-square-foot industrial property in Shepherdsville, Ky, a southern suburb of Louisville, Ky The Chicago investment manager acquired the...
Commercial Real Estate Direct Staff Report BXP Inc has sold $11 billion of its properties, putting it nearly 60% of the way to its $19 billion target The Boston REIT, the former Boston Properties Inc, set its disposition plans in motion last year,...
Commercial Real Estate Direct Staff Report MG Properties has paid $91 million, or $505,555/unit, for the 180-unit Dylan Point Loma apartment property in San Diego The San Diego investment manager acquired the property, at 2930 Barnard St, from an...
South Florida Business Journal IMC Equity Group has paid $335 million, or $164,216/unit, for the Pine Grove Apartments, a 204-unit complex in Homestead, Fla The North Miami company purchased the property from Marlin Spring US Realty of Toronto,...
Charlotte Business Journal Passco Cos has purchased the 340-unit Preston Ridge Apartments in Hickory, NC, for $731 million, or $215,000/unit The Irvine, Calif, company bought the property from an affiliate of Lat Purser & Associates of...
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