Bisnow Joyland Management has paid $265 million for a 90% stake in 254 West 35th St in Manhattan’s Garment District, valuing the 106,000-square-foot office building at $2944 million, or $27774/sf The Brooklyn, NY, investor acquired the...
South Florida Business Journal A venture led by Spira Equity Partners has paid $505 million, or $168,333/unit, for the Falls of Bonaventure, a 300-unit affordable housing complex in Weston, Fla The Vancouver, British Columbia, company teamed with...
REBusiness Online Kaden Cos has paid $224 million, or $17920/sf, for the 125,000-square-foot Eastland Plaza shopping center in Bloomington, Ind The Louisville, Ky, company purchased the retail property from a company calling itself Eastland Plaza...
Multi-Housing News Z Modular has lined up $623 million of bridge financing against the Flatz 512, a 384-unit apartment complex in San Marcos, Texas A venture of Castle Lanterra and InterVest Capital Partners originated the loan, which is being used...
FCP has paid $4125 million, or $273,179/unit, for the 151-unit Yardley Monroe apartment property in the Charlotte, NC, suburb of Monroe, NC The property was developed by Taylor Morrison Inc of Scottsdale, Ariz, in 2014 It is comprised of detached...
Hull Property Group has acquired the Dayton Mall in Dayton, Ohio, for $37 million, resolving a long-troubled CMBS loan that had a $2078 million balance at the time of the retail property's purchase The transaction resulted in an $115 million loss to...
South Florida Business Journal Azora Private has bought the 55,000-square-foot office building at 3480 Main Highway in Coconut Grove, Fla, for $61 million, or $1,109/sf The local investment firm purchased the five-story property from a venture of...
South Florida Business Journal Volta Global has paid $238 million, or $16587/sf, for the two-building retail and self-storage property at 5301 and 5315 West 20th Ave in Hialeah, Fla The Miami company purchased it from companies managed by Raul...
Triangle Business Journal DRA Advisors has bought Forty540 II, a 198,424-square-foot office building in Morrisville, NC, for $455 million, or $22931/sf The New York company purchased the five-story structure from FCP of Chevy Chase, Md, which had...
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.
