South Florida Business Journal El-Ad National Properties has purchased the 99-room Sea Club Ocean Resort Hotel in Fort Lauderdale, Fla, for $5995 million, or $605,556/room The Boca Raton, Fla, developer acquired the property from Sea Club Ocean...
New York Business Journal An affiliate of Phoenix Realty Group has purchased Dunwell Plaza, a 182-unit apartment building in Manhattan for $80 million, or $439,560/unit The locally based company bought the affordable housing property from L+M...
Commercial Real Estate Direct Staff Report Los Angeles investors Danny Sooferian and Ramin Saghian have paid $6313 million, or $19544/sf, for the 323,016-square-foot Orange Center Tower office property in the Los Angeles suburb of Orange, Calif The...
Post Brothers is offering for sale the 285-unit Poplar and 212-unit Darien apartment properties in Philadelphia’s Poplar neighborhood, just north of the city’s downtown, or Center City, area The local developer has tapped Newmark to...
Commercial Property Executive CapRock Partners has paid $375 million, or $15316/sf, for Summit at Surprise, a 244,847-square-foot industrial property in Surprise, Ariz, about 21 miles northwest of Phoenix The Newport Beach, Calif, private equity...
Commercial Property Executive Stack Infrastructure, Blue Owl Capital’s data-center development arm, has paid $664 million for a 71-acre development site at 15140 Keyser Road in Culpeper, Va The Denver company acquired the property from RACM,...
South Florida Business Journal An affiliate of Starwood Asset Management has paid $6375 million for a pair of affordable housing communities with a combined 310 units in the Miami area The Miami Beach, Fla, company paid $34 million, or...
Orlando Business Journal Peachtree Group has purchased the 150-room Holiday Inn Express Cape Canaveral in Cape Canaveral, Fla, for $40 million, or $266,667/room The Atlanta investment manager bought the hotel from its developer, an affiliate of KWC...
South Florida Business Journal A venture of SG Holdings and New Urban Development has secured $63 million of construction financing for the 153-unit Serenity Gardens affordable seniors housing project in Miami Gardens, Fla The financing package...
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.
