The small-capitalization property sector appears to be firming up, with sales volumes increasing across the board last year Cap rates have increased as well, except for industrial properties...
Crain’s New York Business Tishman Speyer is in advanced talks to purchase the 12 million-square-foot Chrysler Building in Manhattan The New York investor would acquire the property from Cooper Union, which last year hired Savills to market...
Commercial Observer JP Real Estate Group has paid $236 million for the mixed-use property at 1057-1059 Lexington Ave on Manhattan’s Upper East Side The New York investor acquired the property from Rudd Realty Management, also of New York,...
LaSalle Investment Management has paid $50 million, or $11449/sf, for Bullitt II Logistics Center, a 436,716-square-foot industrial property in Shepherdsville, Ky, a southern suburb of Louisville, Ky The Chicago investment manager acquired the...
Commercial Real Estate Direct Staff Report BXP Inc has sold $11 billion of its properties, putting it nearly 60% of the way to its $19 billion target The Boston REIT, the former Boston Properties Inc, set its disposition plans in motion last year,...
Commercial Real Estate Direct Staff Report MG Properties has paid $91 million, or $505,555/unit, for the 180-unit Dylan Point Loma apartment property in San Diego The San Diego investment manager acquired the property, at 2930 Barnard St, from an...
South Florida Business Journal IMC Equity Group has paid $335 million, or $164,216/unit, for the Pine Grove Apartments, a 204-unit complex in Homestead, Fla The North Miami company purchased the property from Marlin Spring US Realty of Toronto,...
Charlotte Business Journal Passco Cos has purchased the 340-unit Preston Ridge Apartments in Hickory, NC, for $731 million, or $215,000/unit The Irvine, Calif, company bought the property from an affiliate of Lat Purser & Associates of...
Crain’s Chicago Business An affiliate of AmTrust RE has handed over the 900,000-square-foot office property at 33 West Monroe St in Chicago to its lender through a deed-in-lieu of foreclosure The lender, Kohan Retail Investment Group, bought...
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.
