Paramount Group might be considering giving its lenders two San Francisco office properties that are struggling with their indebtedness. The New York REIT, which owns offices in New York and San Francisco,...
Read moreCommercial Real Estate Direct Staff Report Horizon Group Properties Inc. has acquired a 71.75 percent stake in the Outlets at the Dells, a 260,273-square-foot retail property within the Wisconsin Dells waterpark complex in southcentral Wisconsin. The Muskegon, Mich.,...
The Real Deal NH Hotel Group is offering for sale the NH Collection New York Madison Avenue hotel, a 288-room property at 22 East 38th St. in Manhattan's Murray Hill. The Spanish company, which more than a decade...
Commercial Real Estate Direct Staff Report Braemer Hotels & Resorts Inc. has adopted a plan to pay down all its debt that's maturing this year. It also has agreed to sell its 394-room Hilton La Jolla Torrey Pines...
Commercial Real Estate Direct Staff Report First Citizens Bank has provided $33 million of financing to facilitate the purchase of Inspira Arrowhead, a 165-unit seniors-housing property in Glendale, Ariz. A venture of Fortress Investment Group of New York...
REBusiness Online Aker Cos. has paid $102.5 million, or $438,034/unit, for Abbot Mill, a 234-unit apartment property in Westford, Mass. The Beacon, N.Y., apartment owner bought the property, at 1 Pleasant St., from a local developer in a...
Commercial Real Estate Direct Staff Report Dalfen Industrial has acquired the 340,080-square-foot industrial property at 4982 Hallmark Parkway in San Bernardino, Calif. The Dallas company purchased the property from Bixby Land Co. in a deal brokered by JLL...
Interwest Capital Group has paid $28.5 million, or $148,438/unit, for the 192-unit Reserve at Creekside apartment property at 1340 Reserve Way in Chattanooga, Tenn. The San Diego investment manager bought the property from Independence Realty Trust of Philadelphia,...
HotelBusiness.Com A venture that includes Guidry Land Partners has purchased a pair of hotels with a total of 410 rooms in New Orleans' Arts/Warehouse district for $73 million, or about $178,049/room. Guidry, which is led by Robert J....
Sunstone Hotel Investors Inc. has closed on its $230 million, or $365,079/room, purchase of the Hyatt Regency San Antonio Riverwalk hotel in downtown San Antonio. The Aliso Viejo, Calif., REIT purchased the 630-room property from Hyatt Hotels Corp., which...
Kennedy Wilson and Related Fund Management have provided $141.5 million of financing for the construction of the 329-unit NoMad Residences Wynwood in Miami's Wynwood Arts District. The property, for which ground was broken last September, is the first apartment...
Commercial Real Estate Direct Staff Report Freddie Mac funded $9 billion of loans against apartment properties during the first quarter, down from $16 billion in the fourth quarter, but up 50 percent from the $6 billion it had...
Commercial Real Estate Direct Staff Report JCR Cos. has paid $26.65 million, or $195.21/sf, for Promenade at Highlands Ranch, a 136,521-square-foot shopping center in Highlands Ranch, Colo. The Washington, D.C., investor purchased the property in a deal brokered...
The Real Deal A venture of MDC Realty Advisors and an affiliate of Nicola Wealth Management is offering for sale the 380,000-square-foot office building at 6250 North River Road in Rosemont, Ill. MDC, of Calgary, Alberta, and Nicola,...
San Francisco Business Times Hudson Pacific Properties has paid $43.5 million for the 45 percent stake it did not already own in 1455 Market St. in San Francisco. Canada Pension Plan Investment Board sold the stake, which it...
Commercial Real Estate Direct Staff Report An affiliate of Christopher Todd Capital has paid $56.9 million, or $262,212/unit, for Cottages at McDowell, a built-to-rent property with 217 units in Avondale, Ariz. The Mesa, Ariz., company purchased the property...
Bloomberg LP has renewed its lease, through 2040, for 946,815 square feet of office space at 731 Lexington Ave. in midtown Manhattan. The financial information company has housed its headquarters in the 1.3 million-sf mixed-use building since it...
Austin Business Journal Landmark Properties has added to its Austin, Texas, student-housing portfolio with its purchase of the Pointe on Rio. The Athens, Ga., real estate investor bought the off-campus property, with 321 beds in 122 units, from...
Houston Business Journal Wideman Co. has bought Jones on Main, a two-building office property with a combined 889,000 square feet in Houston. The Orlando, Fla., company purchased the property from Lionstone Investments of Houston. The sales price was...
Commercial Real Estate Direct Staff Report Apartment operating expenses in January had increased by 7.1 percent from a year ago, according to Yardi Matrix. The Santa Barbara, Calif., software and data company said the increase, to $8,950/unit annually...
Commercial Real Estate Direct Staff Report Paramount Group has negotiated the modification of the $575 million mortgage against the 1.6 million-square-foot office building at 60 Wall St. in lower Manhattan, as part of a plan to redevelop it....
Commercial Real Estate Direct Staff Report One City Centre, a 602,122-square-foot office building at 1021 Main St. in Houston, is under contract to be sold. That's according to a CMBS Newsflash by Morningstar Credit Analytics this morning. JLL has...
Crain's Chicago Business Macquarie is offering for sale the 156,263-square-foot office building at 111 West Illinois St. in Chicago. The Australian financial services firm has hired Cushman & Wakefield to market the property, which it took control of...
Commercial Real Estate Direct Staff Report A venture between a Kennedy Wilson investment fund and Haseko Corp. has acquired two multifamily properties with a combined 350 units in Vancouver, Wash., for a total of $74 million. Kennedy Wilson...
Commercial Real Estate Direct Staff Report Northmarq has provided $23.9 million of Freddie Mac financing to facilitate the purchase, by Harbert Management, of the 122-unit Fremont City Center apartment property in Fremont, Calif. Harbert, a Birmingham, Ala., investment...
Commercial Real Estate Direct Staff Report Fannie Mae funded $10.1 billion of multifamily loans during the first quarter, just shy of the $10.2 billion it funded during the same period a year ago and $11.2 billion during the...
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