General News

Commercial Real Estate Direct Staff Report LXP Industrial Trust has paid $103 million, or $171.76/sf, for the 599,664-square-foot office complex at 4025, 4035, and 4045 South Riverpoint Parkway in Phoenix. The West Palm Beach, Fla., REIT bought the 10-story property...

Ceifa Capital has paid $52.5 million, or $298,295/unit, for the 176-unit Flats at Legacy apartment property in the Hampton Roads, Va., city of Poquoson. The Highland, Utah, investor bought the two-year-old property from its developer, Franklin Group of Virginia Beach,...

South Florida Business Journal An affiliate of Reyes Holdings has bought the 440,709-square-foot distribution facility at 441 SW 12th Ave. in Deerfield Beach, Fla., for $84.1 million, or $190.83/sf. The Rosemont, Ill., company acquired the warehouse from Republic National Distributing...

Orlando Business Journal Waterstone Properties has paid $78.5 million, or $197.73/sf, for Hammock Landing, a 397,000-square-foot retail center in West Melbourne, Fla., about 30 miles south of Cape Canaveral, Fla. The Needham, Mass., company purchased the property from a venture...

Empire State Realty Trust Inc. has completed the $275 million, or $505.75/sf, sale of the 543,743-square-foot office building at 250 West 57th St. in Midtown Manhattan. The New York REIT was said to have sold the 105-year-old building to Namdar Realty...

Bloomberg Spear Street Capital has agreed to pay about $280 million, or $296.61/sf, for U.S. Bank Center, a 944,000-square-foot office property in Seattle. The San Francisco investor would be acquiring the property from Blackstone, which bought it in 2019 for...

Commercial Real Estate Direct Staff Report Nationwide has provided $33.5 million of mortgage financing against the 178,454-square-foot industrial property at 15959 Piuma Ave. in Cerritos, Calif., about 16 miles south of Los Angeles. JLL Capital Markets arranged the fixed-rate loan...

Crain's Chicago Business Realty Income has paid $176.5 million, or $260.32/sf, for two industrial properties totaling 678,000 square feet at 3101 Protection Parkway and 2501 Sanders Road in Glenview, Ill. The San Diego REIT acquired the buildings from Dermody Properties...

Commercial Real Estate Direct Staff Report A venture of Machine Investment Group, Miramar Capital, and Axonic Capital has paid $135 million, or $103.85/sf, for the 1.3 million-square-foot Hub@202 industrial property in Mesa, Ariz. The venture purchased the property from an...

Knighthead Funding has provided $65 million of mortgage financing against the 96-room Marram Montauk boutique resort hotel on the easternmost tip of the south fork peninsula of Long Island, N.Y. The oceanfront property, at 21 Oceanview Terrace, is owned by...