Crain’s Chicago Business Nuveen has paid $91 million, or $473,958/unit, for the 192-unit apartment complex at 255 North Addison Ave in the Chicago suburb of Elmhurst, Ill The New York investment manager acquired the property from its...
Charlotte Business Journal ESJ Capital Partners has paid $295 million, or $204,861/unit, for the 144-unit Bridges of Cabarrus apartment property in the Charlotte, NC, suburb of Kannapolis, NC The Miami real estate investor acquired the community...
Triangle Business Journal Walde Enterprises has paid $3145 million, or $116,481/unit, for the 270-unit Collins Crossing apartment community in Carrboro, NC The Bethesda, Md, company acquired the property from Laramar Group of Chicago, which had paid...
Tampa Bay Business Journal PTM Partners has lined up $125 million of construction financing for Edge Collective II, a 330-unit apartment project in St Petersburg, Fla An affiliate of GID provided the three-year, floating-rate loan, which was...
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...
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.
