Commercial Real Estate Direct Staff Report The 759,608-square-foot Bank of America Plaza office property in downtown St Louis has sold for $96 million, resulting in a $391 million loss to the CMBS trust that held its $428 million mortgage The...
Silicon Valley Business Journal An affiliate of Property Reserve, the real estate investment arm of the Church of Jesus Christ of Latter-day Saints, has paid $29667 million, or $898,991/unit, for the Village Residences, a 330-unit apartment property...
Boston Business Journal STAG Industrial Inc has paid $444 million, or $10023/sf, for a 443,000-square-foot warehouse in Caledonia, Wis The Boston REIT acquired the industrial property from an affiliate of Scannell Properties of Indianapolis The...
Boston Business Journal Tourbineau Real Estate Partners has paid $25 million, or $29070/sf, for an 86,000-square-foot office building at 955 Massachusetts Ave in Cambridge, Mass The Seattle real estate firm purchased the property from...
Boston Business Journal Jemal Equities has paid $92 million, or $36220/sf, for the 254,000-square-foot office building at 1330 Connecticut Ave NW in Washington, DC The local real estate firm acquired the 10-story building from BXP, a Boston REIT...
South Florida Business Journal Elysee Investments has bought the Blue Lagoon Shoppes, a 29,205-square-foot retail center in Miami, for $28 million, or $95874/sf The Miami Beach, Fla, investment firm acquired the property from Keystone Holdings Group...
South Florida Business Journal Dauntless Capital Partners has paid $4424 million, or $203,871/room, for the 217-room Arlo Wynwood hotel in Miami The Houston hotel investor acquired the nine-story property from an affiliate of Quadrum Global of New...
An affiliate of 1788 Holdings LLC has paid $15 million, or nearly $146/sf, for the 103,000-square-foot industrial building at 51 Ritchie Road in the Washington, DC, suburb of Capitol Heights, Md The Falls Church, Va, investment manager was founded...
Washington Business Journal The US government has paid $285 million, or $41545/sf, for the 686,000-square-foot office campus at 7700 Arlington Blvd in Falls Church, Va The Naval Facilities Engineering Systems Command acquired the property on behalf...
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.
