The $515 million sale of the commercial space and parking garage at the 1,639-room Palmer House Hotel in Chicago resulted in the near wipe-out of the $5768 million CMBS loan against it The space—54,136 square feet of retail space, 14,400 sf of...
Nuveen Real Estate has paid $5825 million, or $33394/sf, for the 174,428-square-foot Marigold Center retail property in San Luis Obispo, Calif, in the state’s central coast region The New York investment manager acquired the property, at 3900...
Monarch Investment and Management Group has acquired the 315-unit Whisper Hollow Apartments in the St Louis suburb of Maryland Heights, Mo The price the Franktown, Colo, investment manager paid couldn’t be learned immediately But the property...
Puget Sound Business Journal Trinity Property Consultants has paid $72 million, or $196,721/unit, for the Groves, a 366-unit apartment property in the Seattle suburb of Kent, Wash The Irvine, Calif, investor acquired the property, at 10811 SE 239th...
South Florida Business Journal Brookwood Financial Partners has paid $205 million, or $20767/sf, for a 98,715-square-foot office building at 1580 Sawgrass Corporate Parkway in Sunrise, Fla The Beverly, Mass, real estate firm acquired the property...
New York Business Journal Sabet Group has paid $325 million, or $485,075/unit, for a portfolio of three apartment buildings with a total of 67 units in Manhattan’s Turtle Bay neighborhood The New York real estate firm acquired the portfolio...
Atlanta Business Chronicle An affiliate of the Housing Authority of DeKalb County has paid $292 million, or $197,297/unit, for the 148-unit Park Summit apartment complex in the Atlanta suburb of Decatur, Ga The housing authority acquired the...
South Florida Business Journal A venture of BKM Capital Partners and Kayne Anderson has paid $57 million, or $27143/sf, for Lakeview Center, a 210,000-square-foot industrial park in Dania Beach, Fla The venture acquired the seven-building property...
South Florida Business Journal Robbins Property Associates has paid $334 million, or $451,351/unit, for Solera at Avalon Trails, a 74-unit residential community in Delray Beach, Fla The Tampa, Fla, company bought the property from 13th Floor Homes...
Silicon Valley Business Journal Preylock Holdings has paid $2683 million, or $54593/sf, for the Assembly, a 491,458-square-foot industrial and research and development property in San Jose, Calif The Los Angeles investor acquired the six-building...
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.
