Benefit Street Partners has raised $3 billion of investor commitments for a follow-up real estate credit fund, BP Real Estate Opportunistic Debt Fund II The fund is a follow-up to a $518 million vehicle the New York investment manager raised in 2022...
Silicon Valley Business Journal Interstate Equities Corp has paid $87 million, or $583,892/unit, for mResidences Mountain View, a 149-unit apartment complex in Mountain View, Calif, a city that’s 39 miles south of San Francisco The Los Altos,...
Minneapolis/St Paul Business Journal Oaks Properties has paid $5045 million, or $249,752/unit, for the Eddi, a 202-unit apartment property in Edina, Minn, about 11 miles south of Minneapolis The Minneapolis management company acquired the property,...
North River Co has paid $345 million, or $19254/sf, for the 179,188-square-foot Alexandria Center for Life Science property in the Long Island City section of Queens, NY, according to a report in Commercial Observer The New York investment manager,...
Commercial Real Estate Direct Staff Report A venture of Hankey Investment Co and Barker Pacific Group has paid $61 million, or $18712/sf, for Sunset Media Center, a 325,995-square-foot office property in Los Angeles Hankey and Barker Pacific, both...
Houston Business Journal DZMI has purchased Kirkwood Tower, a 285,682-square-foot office building in Houston’s Energy Corridor The local company bought the 15-story property from an affiliate of Apollo Global Management of New York, which had...
Commercial Real Estate Direct Staff Report JRK Property Holdings has paid $400 million for three apartment properties totaling 803 units in Seattle, Los Angeles, and Hoboken, NJ The Los Angeles investment manager bought the properties from Equity...
Dallas Business Journal Cawley Partners has bought Harwood No 1, a 106,000-square-foot office building in Dallas from the lender that had taken title to it late last year The local company purchased the seven-story property from First United Bank,...
Philadelphia Business Journal The Eastern Atlantic State Regional Council of Carpenters has paid $52 million, or $25026/sf, for the 207,770-square-foot office property at 5 Crescent Drive and 4411 South Broad St in Philadelphia’s Navy Yard...
Brookfield Properties, which in 2018 acquired mall owner GGP Inc and folded its 125 mall properties into its own portfolio, has revived the GGP name The company created GGP Retail LLC, which will be headquartered in Chicago, and placed its 101...
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