Commercial Real Estate Direct Staff Report An affiliate of Benedict Canyon Equities has sold the 206-unit Element Apartments in Reno, Nev, for $41 million, or $199,029/unit The seller could not yet be identified Benedict Canyon, of Los Angeles, had...
Commercial Real Estate Direct Staff Report Safehold Inc has acquired the ground-lease interest in the 207-unit apartment property that’s being developed at 6033-6039 De Soto Ave in Woodland Hills, Calif, a suburb of Los Angeles Safehold is a...
Bisnow Pacific Retail Capital Partners has taken control of the 402,929-square-foot Resurgens Plaza office building in Atlanta in a deed-in-lieu of foreclosure The Los Angeles company took the 27-story building from Zeller Realty Group of Chicago,...
South Florida Business Journal Griffis Residential has paid $41 million, or $284,722/unit, for Saba Pompano Beach, a 144-unit apartment complex in Pompano Beach, Fla The Greenwood Village, Colo, multifamily investor purchased the eight-story...
South Florida Business Journal Mele Management Co has sold the 106-unit Boca Villas Apartments in Boca Raton, Fla, for $30 million, or $283,019/unit The locally based firm sold the property to a limited liability company led by Matthew Paul of...
Commercial Real Estate Direct Staff Report An affiliate of Bascom Group has paid $534 million, or $175,657/unit, for Retreat at Speedway, a 304-unit apartment property in Tucson, Ariz The Irvine, Calif, investment manager acquired the property, at...
Commercial Observer Maheshchand Ratanji has paid $265 million, or $149,717/room, for the 177-room Holiday Inn Express Manhattan Midtown West Hotel in Manhattan The North Bergen, NJ, hotelier acquired the 11-story building from Roufail Real Estate...
LA Business First Orden Co has paid $57 million, or $22117/sf, for the 257,722-square-foot industrial building at 875 West State St in Ontario, Calif The Santa Fe Springs, Calif, developer acquired the warehouse from IHC State LLC in a deal brokered...
Houston Business Journal Work is underway on the Seabrook Town Centre mixed-use project in Seabrook, Texas, about 28 miles southeast of Houston HS Development Group of Houston is developing the property on 195 acres along Galveston Bay It will have...
Austin Business Journal Highland Resources Inc is offering for sale 211 Seventh, a 162,000-square-foot office building in downtown Austin, Texas The Houston company has tapped JLL Capital Markets to market the 12-story building, which sits on 07...
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.
