Altus Pays $54Mln for Denver Office Property
March 29, 2023
Philadelphia Sees 759 Apartment Units Going Up
March 29, 2023
City: Cincinnatti
2 Apartment Properties with 592 Units in Cincinnati Offered for Sale
Cincinnati Business Courier Nicol Investment Co. is offering for sale the Banks, which is comprised of two apartment complexes with a total of 592 units in Cincinnati. The Nashville, Tenn., investment firm has tapped CBRE to market the property for ...
535,000-SF Industrial Property Planned Near Cincinnati
Cincinnati Business Courier Hillwood Development Co. is planning the Harrison Commerce Center, a 535,000-square-foot industrial property in Harrison, Ohio. The Dallas developer will build the property on a speculative basis at the corner of Simonson Road and Dry Fork Road, ...
Apollo Takes Further Write-Down of Loan Against Cincinnati Retail Center
Commercial Real Estate Direct Staff Report Liberty Center, a suburban Cincinnati lifestyle retail center whose construction Apollo Commercial Real Estate Inc. had funded, continues to underperform. That's prompted the lender to take an additional $32 million loan-loss reserve against the ...
Lexington Realty Pays $180Mln for 3 Industrial Buildings in Suburban Cincinnati
Lexington Realty Trust has paid $180 million, or $75/sf, for three industrial buildings with 2.4 million square feet in the Cincinnati suburb of Monroe, Ohio. The New York REIT bought the buildings from IDI Logistics of Atlanta, which had developed ...
CBL Writes Down Value of Eastgate Mall by $33.3Mln
Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc. has written down the carrying value of its Eastgate Mall in suburban Cincinnati by $33.3 million to $58.5 million. A total of 211,959 square feet at the 837,550-sf property ...
Investor Pays $500Mln for 5 Suburban Baltimore Apartment Properties
Star Real Estate Ventures, a New York investment firm, has purchase a portfolio of five apartment properties with 2,566 units in the Baltimore suburbs. Lone Star Funds of Dallas was the seller. Securitized debt against the portfolio was defeased, or ...
Atrium Two/221 East 4th St.
94.2 percent leased. The deal was financed with a $55.5 million mortgage that was provided by Cantor Commercial Real Estate.
177-Unit Apartment Project Planned for Suburban Cincinnati
Cincinnati Business Journal RealtyLink has lined up construction financing for a 177-unit apartment complex in the Cincinnati suburb of Covington, Ky. The Birmingham, Ala., developer said work on the apartments will start in June. The project also will have 7,500 ...
Cincinnati Office Sells for $75.5Mln, Gets $55.5Mln Mortgage
Commercial Real Estate Direct Staff Report A venture of Acabay Inc. and IMC Management has paid $75.5 million, or $115.12/sf, for Atrium Two, a 655,863-square-foot office building at 221 East 4th St. in downtown Cincinnati. It financed its purchase with ...
Cincinnati-Area Retail Center Struggles; Apollo Writes Down Construction Loan
Commercial Real Estate Direct Staff Report The Liberty Center mixed-use complex in suburban Cincinnati, which opened in late 2015, isn't performing as expected. As a result, its lender, Apollo Commercial Real Estate Inc., has taken a $15 million loan-loss provision ...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
