General News

Northmarq has provided $38.9 million of Fannie Mae financing to facilitate the purchase of Element by Watermark, a 276-unit apartment complex in Kansas City, Mo. Timberland Partners of Minneapolis purchased the property from its developer, Thompson Thrift Residential. The purchase...

Atlanta Business Chronicle Noble Investment Group has bought two nearby hotels in Raleigh, N.C., for $86.3 million. The Atlanta hotel investor purchased the properties from the Abu Dhabi Investment Authority. The properties are the Renaissance Raleigh North Hills Hotel, with...

Crain's Chicago Business Waterton has agreed to pay $170 million, or $342,741/unit, for Alta Roosevelt, a 496-unit apartment property in Chicago. The local investment firm is buying the 34-story property from its developer, Wood Partners of Atlanta, which had brought it...

The Registry KF Properties Inc. has paid $119 million, or $210,619/unit, for the Eleven Hundred, a 565-unit apartment property in Sacramento, Calif. The Beverly Hills, Calif., company purchased the property from OpenPath Investments, which had acquired it in 2017 for...

Franklin Templeton Inc. has signed a 15-year lease for 347,474 square feet at One Madison Ave., bringing the office building to 55 percent occupancy. The lease follows a 328,000-sf agreement that IBM Corp. had inked earlier this year. A group led...

Commercial Real Estate Direct Staff Report A fund affiliate of Keystone Property Group that owns the 133,115-square-foot One Presidential Blvd. office building in the Philadelphia suburb of Bala Cynwyd, Pa., has offered to give the property to its CMBS lender...

The Real Deal D.E. Shaw has agreed to lease 283,000 square feet at Two Manhattan West, a 2.14 million-sf office building that's under construction in the Hudson Yards section of Manhattan. The investment manager is taking eight of the building's...

Walker & Dunlop has formed a partnership with Kayne Anderson Real Estate that will originate loans, specifically against apartment properties with between five and 99 units each. Walker & Dunlop has been originating small-balance loans for a few years -...

Commercial Real Estate Direct Staff Report A total of $57.6 billion of industrial properties traded hands this year through August, according to Commercial Edge. That's up 57.4 percent from the $36.6 billion of sales volume recorded during the same period...

Commercial Real Estate Direct Staff Report Municipalities this year through August have issued permits for the construction of 5.04 million apartment units. That number comes close to the 5.7 million permits that were issued during the entirety of last year, according...