General News

Intercontinental Real Estate Corp. has paid $114 million, or $775.51/sf, for Denver Logistics Center, a 147,000-square-foot industrial property in Denver. The Boston investment manager purchased the property from a venture of Karis Capital and AEW Capital Management, which was represented...

Deborah Jenkins, head of Freddie Mac's multifamily business since 2018, has left the housing-finance agency and joined Kayne Anderson Real Estate as head of housing and its multifamily impact strategy, effective Dec. 1. Jenkins had joined Freddie in 2008 from Wells...

IRA Capital has paid $153 million, or $1,492/sf, for the Post, a 102,500-square-foot office property in Beverly Hills, Calif. The Irvine, Calif., investment manager purchased the property from a venture of Worthe Real Estate Group and Invesco Real Estate. The...

Commercial Real Estate Direct Staff Report A group of lenders led by Wells Fargo Bank and Deutsche Bank has provided $450 million of financing against the 1 million-square-foot Americas Tower office building in Manhattan. The loan allowed the property's owner,...

Terreno Realty Corp. has paid $44 million, or $1,419/sf, for a 31,000-square-foot industrial building on a six-acre parcel across from Newark Liberty International Airport and near Port Newark in Elizabeth, N.J. The San Francisco REIT, with a portfolio of 241...

Commercial Real Estate Direct Staff Report Prices for commercial properties continued their skyward trajectory, climbing another 2.24 percent in September, putting them 12.44 percent higher on the year so far and 16.14 percent greater than they were a year ago,...

King Street Capital Management has formed a venture with the Alberta Investment Management Corp. and a sovereign wealth fund to invest in production studios. The venture has teamed with East End Studios, a Glendale, Calif., company that develops and finances...

Commercial Real Estate Direct Staff Report JPMorgan Chase Bank has provided $77.9 million of financing against the 76-unit Townhouse on the Park apartments in the Long Island City area of Queens, N.Y. The loan allowed the property's developer and owner,...

Merchants Bank of Indiana has provided $71 million of financing against Wildhorse, a 188-unit apartment property in Chesterfield, Mo. The financing allowed the property's owner, Great Lakes Capital of South Bend, Ind., to retire construction debt and to buy out...

Shopping mall specialist Spinoso Real Estate Group has named Mike Nevins as executive vice president of leasing. Nevins, a 30-year industry veteran, joins the Syracuse, N.Y., company from Simon Property Group, where he was chief operating officer of its malls...