Oakmont Properties has paid $345 million, or $472,603/unit, for the 73-unit 16 Powerhouse apartment property in Sacramento, Calif The local company purchased the 11-year-old property, at 1606 P St in the city’s Midtown area, from Demmon...
Crain’s Chicago Business Local developer Mike Reschke is said to be paying about $25 million for the 815,074-square-foot office property at 55 West Monroe St in Chicago’s Central Loop neighborhood The price would represent roughly a 90%...
Commercial Real Estate Direct Staff Report An affiliate of Bascom Group has paid $455 million, or $157,439/unit, for the 289-unit Domain 3201 apartment property in Tucson, Ariz The Irvine, Calif, investment manager acquired the property, at 3201...
Norman Journal Record A venture of Mazaheri Properties and Champion Hotels has paid $8225 million, or $19743/sf, for University Town Center, a 416,766‑square‑foot retail property in Norman, Okla The venture purchased the shopping center from...
Austin Business Journal Brick Row has acquired the 181,000‑square‑foot office building at 823 Congress Ave in downtown Austin, Texas The local investor purchased the 16-story property from an affiliate of DRA Advisors of New York, which had...
Washington Business Journal A company led by Satvik “Vinny” Raj has paid $17 million, or $9770/sf, for the Liberty Loan Building, a 174,000‑square‑foot office property in Washington, DC It acquired the historic building from the US...
Cohen & Steers Income Opportunities REIT Inc has paid $612 million, or $22836/sf, for the 268,000-square-foot Winslow Bay Commons retail property in the Charlotte, NC, suburb of Mooresville, NC The REIT, whose shares do not trade on any...
South Florida Business Journal An affiliate of Breevast has paid $1099 million, or $413,158/unit, for Avida Aventura, a 266‑unit apartment property in Miami The Amsterdam company bought the eight‑story property from an affiliate of Fifield Cos...
AZ Big Media US Merchants has paid $6388 million, or $14072/sf, for a 453,960-square-foot building within West Summit at Surprise, a two-building industrial property with 704,472 sf in Surprise, Ariz, a northwestern suburb of Phoenix The Beverly...
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