144-Unit Apartment Property Opens in Arlington, Va.
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ConnectCRE Reliance Management has paid $26.5 million, or $174.89/sf, for Gainey Center II, a 151,522-square-foot office property in Scottsdale, Ariz. The Phoenix management company purchased the property from a venture of Lincoln Property Co. and Goldman Sachs, which had acquired ...
The financing was provided by CBRE in 2019 and pays a 3.53 percent coupon.
Morgan Stanley has provided $120 million of mortgage financing to facilitate the Connor Group's purchase of Alta Raintree, a 330-unit apartment property in Scottsdale, Ariz. The property, at 688 East Raintree Drive, opened last year and has been renamed the ...
Commercial Property Executive Ryan Cos. has broken ground on One Scottsdale Medical, a 101,136-square-foot medical-office building in Scottsdale, Ariz. The Minneapolis developer is building the property at 20159 North Scottsdale Road, about 24 miles north of Phoenix. One Scottsdale Medical ...
Commercial Real Estate Direct Staff Report Eaton Vance Corp. has paid $127.78 million, or $461,299/unit, for the Griffin Apartments in Scottsdale, Ariz., and has assumed the $64.69 million Fannie Mae mortgage against it. The Boston investment manager purchased the 277-unit ...
Commercial Real Estate Direct Staff Report A venture of Summit Hotel Properties and Singapore's sovereign wealth fund, GIC, has paid $29 million, or $241,666/room, for the 120-room Residence Inn Scottsdale North hotel in Scottsdale, Ariz. Summit, an Austin, Texas, REIT, ...
Madison Realty Capital has provided $585 million of financing for the completion of the Ritz-Carlton Resort and Residences in Paradise Valley at The Palmeraie in Paradise Valley, Ariz. The property is being developed on 122 acres straddling the border between ...
The Miami company purchased the property from Providence Real Estate Group, which had acquired it in 2020 through a partnership with Garrett Group of Bellevue, Neb., for $19.5 million.
An affiliate of the Related Group has paid $32 million, or $402.33/sf, for Scottsdale Airpark, a 79,537-square-foot office property in Scottsdale, Ariz. The Miami company purchased the property from Providence Real Estate Group, which had acquired it in 2020 through a ...
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