Commercial Real Estate Direct Staff Report Owners of 36% of the apartment units in Austin, Texas, are offering concessions to lure tenants to their properties And those conessions amounted to 155% of annualized unit rent in May, according to...
MacNaughton paid $1425 million, or $491,379/unit, for the 290-unit Residences Kierland in Scottsdale, Ariz The Honolulu real estate investor bought the property from Quarterra Multifamily in a deal brokered by CBRE The transaction previously was...
Commercial Real Estate Direct Staff Report Millburn & Co has paid $9525 million, or $280,973/unit, for the 339-unit Longbow apartments in Mesa, Ariz The Salt Lake City investment manager acquired the property, at 2950 North Recker Road, from its...
Commercial Real Estate Direct Staff Report A total of 192 loans with a balance of $303 billion backing private-label CMBS deals were defeased, or replaced by government securities during the first half of the year, according to Trepp Inc That...
Burton Property Group has paid $76 million, or $195/sf, for the 389,471-square-foot Vestavia Hills City Center retail property in the Birmingham, Ala, suburb of Vestavia Hills, Ala The Mobile, Ala, developer, which started life as Smith’s...
Finmarc Management Inc has sold the 83,300-square-foot Park East III flex-office building and a neighboring 64-acre parcel in the Washington, DC, suburb of Chantilly, Va, to Pulte Homes for $2636 million, or $31645/sf The single-story building is at...
Puget Sound Business Journal BKM Capital Partners has paid $857 million, or $20781/sf, for five industrial properties with 413,840 square feet in the Seattle suburbs of Kent and Tukwila, Wash The Newport Beach, Calif, investment manager acquired the...
Commercial Real Estate Direct Staff Report The CMBS financing against the Harborplace retail property within Baltimore’s Inner Harbor area has transferred to special servicer Midland Loan Services as it’s not expected to be paid off by...
New York Life Insurance Co and PGIM Real Estate have provided $332 million of senior and mezzanine financing against the 800-unit NEMA Chicago apartment building across from Grant Park in Chicago New York Life provided $275 million of senior...
Multi-Housing News Concord Summit Capital has arranged $1155 million of financing for the construction of the 457-unit Collins at Union Park apartment property in Fort Collins, Colo The property is being developed by Livmark Communities of Windsor,...
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.
