New York Life Investment Management has provided $480 million of mortgage financing against 10 apartment properties with 2,731 units owned by Continental Properties Real Estate Development Fund II LP The loan was arranged by Walker & Dunlop It...
Triangle Business Journal DUMAC, the investment arm of Duke University, has bought Erwin Square Plaza, a 238,792-square-foot office building in Durham, NC Lionstone Investments of Houston sold the property, which sits on 742 acres at 2200 West Main...
Charlotte Business Journal Western-Southern Life Insurance Co has provided $81 million of construction financing for Sutherland at Piper Glen, a 299-unit apartment project under construction in Charlotte, NC RK Investors is developing the property...
Bisnow Terra Universal Inc has paid about $502 million, or roughly $369/sf, for the 136,200-square-foot industrial property at 1500 South Raymond Ave in Fullerton, Calif The industrial machinery and cleanroom manufacturer acquired the property from...
Chicago Business Journal Prime Finance has completed its purchase of 225 West Wacker Drive, a 650,812-square-foot office property in Chicago, for $115 million, or $17670/sf The San Francisco company teamed with Hines of Houston on its acquisition...
The 394,280-square-foot OKC Outlets in Oklahoma City has been sold for $80 million, or $20290/sf, resolving a long-troubled $6743 million CMBS loan against the...
WP Carey Inc has paid $26 million for a portfolio of seven Sunoco fuel and convenience retail stores with a total of 15,900 square feet in Arkansas The New York REIT, which specializes in net-leased industrial, retail, and specialized properties,...
Milwaukee Business Journal An affiliate of Sabra Health Care REIT has paid $50 million, or $367,647/unit, for the Waters of Oak Creek, a 136-unit seniors-housing property in the Milwaukee suburb of Oak Creek, Wis The Tustin, Calif, REIT acquired the...
Commercial Real Estate Direct Staff Report Host Hotels & Resorts has paid $172 million, or $558,442/room, for the 308-room Renaissance Dallas at Plano Legacy West Hotel in the Dallas suburb of Plano, Texas The Bethesda, Md, REIT purchased the...
Tampa Bay Business Journal Concert Golf Partners has agreed to buy the Innisbrook Resort and Golf Club in Palm Harbor, Fla, for $198 million in a cash deal that includes the assumption liabilities The Lake Mary, Fla, golf-club owner is acquiring the...
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.
