The Parkhill City apartment complex, with 538 units in the Jamaica section of Queens, NY, has been reappraised at a value of only $1786 million, or nearly half the $325 million value pegged to it in...
Puget Sound Business Journal Breakthrough Properties has paid $78 million, or about $28889/sf, for the 270,000-square-foot biomanufacturing property at 215 Shuksan Way in Everett, Wash, about 25 miles north of Seattle The Los Angeles investor...
Phoenix Business Journal DHL Group has agreed to pre-lease VT 303 North, a 114 million-square-foot industrial property that’s under construction in Glendale, Ariz The logistics company will take the space when it’s completed in the...
Commercial Property Executive Four Corners Properties has received $674 million of financing for the redevelopment of Forge North First, a 205,800-square-foot industrial and research and development property in San Jose, Calif The five-year loan was...
The direct office vacancy rate in the Chicago central business district declined in the second quarter for the first time in 26 quarter, according to Transwestern...
Multi-Housing News JB Matteson has paid $723 million, or $251,042/unit, for the 288-unit Vantage at Loveland apartments in Loveland, Colo, about 15 miles south of Fort Collins, Colo The San Francisco investor acquired the property, at 1430 South...
Commercial Real Estate Direct Staff Report The 561-room Hilton Cincinnati Netherland Plaza hotel has been reappraised at a value of $383 million, nearly three times less than the $1055 million value pegged to the 95-year-old property just six years...
Varia US Properties AG, a Swiss company that owns US apartment properties, has agreed to sell a stake in 13 of its apartment properties, with 4,112 units, to Brookfield Asset Management It’s selling a 90% stake in four properties with 1,060...
The volume of CMBS loans in special servicing last month was just about unchanged from June at $668 billion But as the universe of CMBS grew by more than 1%, the special servicing rate actually declined, to 1109% in July from 112% the preceding...
Puget Sound Business Journal Ares Management has paid $55 million, or $22277/sf, for Tacoma Central Logistics, a 248,000-square-foot industrial property in Tacoma, Wash The Los Angeles investor acquired the property, at 1950 State St, from its...
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