New York Business Journal Sioni Group has paid $31 million, or $44286/sf, for 38 West 21st St, a 70,000-square-foot office building in Manhattan The local developer bought the property from Jack Vogel Associates, which was represented in the deal by...
Commercial Observer Stockbridge has paid $461 million, or $2,634/sf, for the nearly 17,500-square-foot retail building at 1511 Third Ave in Manhattan’s Upper East Side The San Francisco investor acquired the property from a venture of Union...
Commercial Real Estate Direct Staff Report The value of the 614,000-square-foot former headquarters of Spectra Energy in Houston’s Uptown/Galleria submarket has been slashed by 755% to $207 million The reappraisal comes on the heels of the...
Digital Realty has agreed to pay $35 billion to increase its ownership stake in three data centers with 288 megawatts of power capacity that are being constructed in Northern Virginia The data-center REIT, which is developing the properties in a...
ASG Equities has paid $3911 million, or $19767/sf, for the 197,860-square-foot office property at 7954-7974 UW Health Court in Middleton, Wis, a suburb of Madison, Wis The family office of the Gindi family acquired it, while executing a 1031...
Multi-Housing News Goldman Sachs & Co has paid $814 million, or $315,503/unit, for Broadstone Seventh Street, a 258-unit apartment property in Phoenix The banking giant acquired the property in an all-cash deal from its developer, Alliance...
Tampa Bay Business Journal Affinius Capital has provided $135 million of construction financing for the 373-unit apartment project at 275 Fifth St South in St Petersburg, Fla A venture of Chicago developers Focus and Bradford Allen is developing the...
Houston Business Journal American National Insurance Co has sold One Moody Plaza, a 395,182-square-foot office building in Galveston, Texas The buyer and purchase price were not disclosed The property has an appraised value of $364 million,...
The average monthly cost to rent an apartment unit in the first quarter was $1,040 less than the average cost of owning a home, according to...
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.
