Triad Business Journal Environmental Air Systems has bought the 500,160-square-foot industrial building at 5955 Summit Ave in Browns Summit, NC, for $5674 million, or $11344/sf The High Point, NC, company purchased the property from a venture of...
Ares Management has paid $446 million, or $30869/sf, for two industrial properties totaling 144,483 square feet in the San Francisco Bay Area cities of Hayward and Fremont, Calif The Los Angeles investment manager acquired the buildings from Link...
Dallas Business Journal Provident Realty Advisors Inc has paid $115 million for an industrial portfolio with more than 267 million square feet in the Memphis, Tenn, area The Dallas company purchased the 13-building portfolio from Blackstone Real...
Commercial Observer BridgeCity Capital has provided $474 million of financing for the development of a 170-unit apartment property at 1104 Pacific St in the Prospect Heights section of Brooklyn, NY The property is being developed by Castell Group of...
The J Paul Getty Trust has paid $382 million for a 116-acre development site at 10918-10926 Le Conte Ave in Westwood, Calif The art institution acquired the site, which is currently home to a 9,647-square-foot office, from Beitler Commercial Realty...
Commercial Real Estate Direct Staff Report Levine Investments has paid $615 million, or $20731/sf, for Rio West Business Park, a five-building office property with 296,663 square feet in Tempe, Ariz The Phoenix investment firm acquired it from...
Benedict Canyon Equities has paid $4275 million, or $323,863/unit, for Sunrise Fountain, a 132-unit apartment property in Anaheim, Calif The Los Angeles investment manager acquired the property, at 2104 South Lewis St, from Consensys Property...
The Wall Street Journal Citadel Enterprises America might not move forward with its planned 185 million-square-foot office project at 350 Park Ave in Midtown Manhattan The move would be in response to the city and state’s proposal to impose a...
Commercial Observer G4 Capital Partners has taken title to the 81,000-square-foot mixed-use property at 206 Kent Ave in the Williamsburg section of Brooklyn, NY The New York lender provided $8425 million of financing in 2020 The property’s...
South Florida Business Journal A venture of Driftwood Capital and Merrimac Ventures has bought the 174‑room Courtyard by Marriott Fort Lauderdale Weston hotel for $2275 million, or $130,747/room A venture of Ashford Hospitality Trust and Artemis...
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