Commercial Real Estate Direct Staff Report The 21 million-square-foot Illinois Center office complex in Chicago’s East Loop submarket has been reappraised at a value of $665 million The two-building property, at 111 East Wacker Drive and 233...
Berkadia has provided $352 million of Freddie Mac financing against the 394-unit Lake Village Apartments in Lake Orion, Mich, a northern suburb of Detroit The 10-year loan allowed the property’s owner, Fenton Management Co of Farmington Hills,...
Marcus & Millichap Capital Corp has arranged $85 million of financing for the construction of a 140-unit apartment property at 55 North La Cienega Blvd in Beverly Hills, Calif The four-year loan was provided by a national bank on behalf of the...
Atlanta Business Chronicle Network Realty Partners has paid $2715 million, or $9560/sf, for the 284,000-square-foot Park at Perimeter Center East office complex in Atlanta The Arlington, Va, investor bought the three-building property from Grubb...
Orlando Business Journal Tabani Group has paid $251 million, or $15556/sf, for West Colonial Oaks, a 161,333-square-foot retail property in Orlando, Fla The Dallas company purchased the shopping center from Newport Capital Partners of Chicago, which...
Commercial Real Estate Direct Staff Report Square Deal Investment Management has tapped JLL to secure financing against Indianapolis’ Salesforce Tower, a 11 million-square-foot office property The building backs a $108 million CMBS loan that...
A total of 35 CMBS loans with a balance of $271 billion were transferred to special servicers last month But they worked out $149 billion of loans during that time, so the net increase in special servicing volumes was $122...
Commercial Real Estate Direct Staff Report A venture of Cohen & Steers Income Opportunities REIT Inc and Phillips Edison & Co has paid $5385 million, or $20280/sf, for the 265,530-square-foot Oracle Crossings retail property just north of...
Orlando Business Journal Broad & Cherry LLC has bought the 15,600-square-foot retail building at 408 Broadway in Nashville, Tenn, for $46 million, or $2,949/sf The Winter Garden, Fla, company purchased the property from Deville Corp of North...
South Florida Business Journal An affiliate of Neology Group has paid $24 million, or $51197/sf, for a 46,872-square-foot warehouse property in Miami The local developer acquired the industrial building from a company managed by the Rubell family,...
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.
