InvenTrust Properties Corp. has paid $35.8 million, or $173.95/sf, for Price Plaza, a 205,818-square-foot retail property in the Houston suburb of Katy, Texas. The price the Oak Brook, Ill., non-traded REIT, formerly known as Inland American Real Estate Trust Inc., ...
New York Life Real Estate Investors has provided $58 million of financing against the Shoppes at EastChase, a 389,084-square-foot retail property in Montgomery, Ala. The 10-year loan, which was arranged by Grandbridge Real Estate Capital, allowed the property's owner, Alfa ...
Orlando Business Journal Preferred Apartment Communities Inc. has paid $63.4 million, or about $183,237/unit, for the 346-unit Citilakes Lux Apartments in Orlando, Fla. An affiliate of Flournoy Development sold the property, at 12051 International Drive, which was completed earlier this ...
A venture of Ridge Capital Investors and Contrarian Capital Management has paid $35.1 million, or $183.75/sf, for a portfolio of three office buildings with 191,010 square feet in northern California. The venture bought the portfolio from CWCapital Asset Management, which ...
Commercial Real Estate Direct Staff Report Swig Co. plans to retire a $41.3 million CMBS loan against the 208,000-square-foot office building at 501 Second St. in San Francisco with proceeds from a $75 million loan provided by John Hancock Life ...
Richmond Times-Dispatch The Davis Cos. has received approval from the U.S. Bankruptcy Court in Richmond, Va., to buy a portfolio of 29 apartment buildings with 441 units in the city for $37.35 million, or $84,694/unit. A total of 23 of ...
American Realty Advisors has paid $51.1 million, or $180.25/sf, for Dublin Place shopping center, a 283,506-square-foot retail property in the San Francisco suburb of Dublin, Calif. The Glendale, Calif., investment manager bought the property from the Police and Fire Retirement ...
Commercial Real Estate Direct CWCapital Asset Management has placed on the sales block the Britannia Business Center III, a 191,000-square-foot office and research and development property in Pleasanton, Calif., that it took in 2012 by foreclosing against a $32.8 million ...
Commercial Real Estate Direct Staff Report Rouse Properties Inc. has sold the Shoppes at Knollwood, a 457,000-square-foot retail center in St. Louis Park, Minn., for $106.7 million, or about $233/sf. Heitman LLC, a Chicago investment manager, bought the property and ...
Wharton Realty Group Inc. has paid $52.5 million, or roughly $155/sf, for One and Olney Square, a 339,784-square-foot retail property in Philadelphia. The Eatontown, N.J., company acquired the shopping center from a venture of BLDG Management and the Feil Organization, ...
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