South Florida Business Journal Bridgeton Holdings has bought the Sheraton Miami Airport Hotel, a 405-room property near Miami International Airport, for $675 million, or $166,667/room The New York company purchased the 10-story property from HHM...
Commercial Property Executive Electric Research and Manufacturing Cooperative Inc has paid $91 million, or $16542/sf, for a 550,121-square-foot industrial building within the Virgin Industrial Park in Waddell, Ariz, a western suburb of Phoenix The...
South Florida Business Journal Carlyle Management Corp has paid $30 million, or $44453/sf, for Delray Landing, a 67,487-square-foot shopping center in Delray Beach, Fla The Boca Raton, Fla, company purchased the retail plaza from PEBB Enterprises,...
Net Lease Office Properties, which was formed nearly three years ago through the spin-off of WP Carey Inc's office portfolio, so far has sold 37 of its original 59 properties, leaving it with 22 properties that generate $2891 million of annualized...
Charlotte Business Journal Penzance has bought Presley Oaks, a 318-unit apartment complex in Charlotte, NC, for $65 million, or $204,403/unit The Washington, DC, investment firm purchased the 19-building property from American Landmark Apartments...
Multi-Housing News Penzance has paid $755 million, or $190,657/unit, for the 396-unit Compass at City Center apartment complex in Newport News, Va The Washington, DC, company acquired the property from DF Ventures, the investment arm of Drucker +...
The Real Deal The CMBS trusts that held the $12293 million loan against the 750 Lexington Ave office property in Midtown Manhattan have taken title to the property through a foreclosure held last week The two trusts are GS Mortgage Securities Corp,...
Commercial Real Estate Direct Staff Report Stockdale Capital Partners has paid $11025 million, or $329,105/unit, for Avant at Fashion Center, a 335-unit apartment property in Chandler, Ariz The Los Angeles investment manager acquired the property,...
New York Business Journal Evergreen Peak has paid $437 million, or $2,731/sf, for the 16,000-square-foot mixed-use property at 90 Wooster St in the SoHo section of Manhattan The New York developer acquired the property, with office and retail...
Commercial Real Estate Direct Staff Report Namdar Realty Group has paid $66 million, or $63/sf, for the 105 million-square-foot Jefferson Tower office building in Houston The Great Neck, NY, investor, which is best known for buying distressed malls...
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.
