General News

Commercial Real Estate Direct Staff Report Greystone has provided a $30 million Freddie Mac loan to facilitate the purchase of the 102-unit Lock Vista apartments in Seattle. The property, at 3025 NW Market St., was purchased for $43.7 million by a...

A venture of Cross Ocean Partners and Lincoln Property Co. has paid $132 million, or $322.60/sf, for the 409,197-square-foot office property at 140 Kendrick St. in the Boston suburb of Needham, Mass. The three-building complex was sold by BXP Inc....

Jacksonville Business Journal An affiliate of KKR & Co. has bought the 603,000-square-foot cold-storage facility at 10030 Eastport Road in Jacksonville, Fla., for $192 million, or $318.41/sf. DHL Supply Chain sold the property, which was built on a 47-acre site...

South Florida Business Journal IMC Equity Group has bought Doral Square, a 150,000-square-foot retail property in Doral, Fla., for $74 million, or $493.33/sf. The North Miami company purchased the shopping center from its developer, Terra of Miami, in a deal...

Commercial Real Estate Direct Staff Report East Capital Partners has paid $92.5 million, or $187.63/sf, for a pair of small-bay industrial properties with nine buildings and 493,000 square feet in Tampa, Fla. The 20-year-old Darien, Conn., investment manager bought the...

Commercial Real Estate Direct Staff Report Clipper Realty Inc. continues to battle the special servicer of the $100 million CMBS loan against 141 Livingston St., a 213,745-square-foot office building in Brooklyn, N.Y. The loan is securitized through three CMBS conduit...

Manulife has provided a $23 million loan against the 65-unit apartment property at 1008 Massachusetts Ave. in Cambridge, Mass. The property is owned by Boston Residential Group, which will use the financing to retire a $20 million loan provided in...

Terreno Realty Corp. has paid $27.1 million, or $223.97/sf, for the 121,000-square-foot industrial property at 510 Andover Park West in the Seattle suburb of Tukwila, Wash. The price the Bellevue, Wash., REIT paid results in a 3.9% capitalization rate. The...

CEDARst Cos. has paid $34.6 million, or $262,121/unit, for the 132-unit Weyland apartments in Chicago. The local developer acquired the property, at 1980 North Milwaukee Ave., from its developer, CRG, the development and investment arm of real estate engineering company...

Oaktree Capital Management has provided $125 million of mortgage financing against the 228-unit TenTen Campus apartment property in the Los Angeles suburb of Glendale, Calif. JLL Capital Markets arranged the loan on behalf of the property's owner and developer, Amidi...