San Antonio Express-NewsXE Hospitality has acquired a 3.5-acre parcel at The Rim master-planned community in San Antonio for a proposed hotel. Construction is slated to begin during the second quarter on the 130-room Hilton Garden Inn at Interstate 10 and ...
Industrial Income Trust Inc., a non-traded REIT sponsored by Dividend Capital Trust of Denver, has agreed to pay $80 million for a 1.3 million-square-foot industrial building in Perris, Calif., that is fully leased to Hanesbrands Inc.The property is the largest ...
Parkway Properties Inc. has agreed to pay $167.3 million for the 484,000-square-foot office and retail portion of 3344 Peachtree in Atlanta's Buckhead area.The Jackson, Miss., REIT, which has made a $6 million non-refundable deposit toward the purchase, is buying the ...
The AFL-CIO Housing Investment Trust has purchased $90 million of bonds from a $175 million Fannie Mae multifamily mortgage-backed securities transaction that was used to finance Lands End II, a 490-unit apartment property on Manhattan's Lower East Side.As reported, Beech ...
Commercial Real Estate Direct Staff Report Sperry Van Ness has formed a partnership with Benewolf, a Guthrie, Okla., loan-sales specialist, giving the brokerage firm the ability to sell loans. The partnership allows Benewolf to cast a wider net with its ...
The Ohio Police & Fire Pension Fund, with $11.22 billion of assets under management, plans to commit another $165 million to real estate investments in 2011 and split the commitments among three or four funds.Its real estate portfolio is valued ...
Wall Street JournalA Chinese investment and construction firm has acquired 70 Broad St., a 15,218-square-foot building in Manhattan's financial district for $18 million. Global Country of World Peace, a nonprofit entity, put the property, also known as the American Bank ...
Ventura County StarWalton Street Capital has purchased the Simi Valley Town Center retail property in Simi Valley, Calif. A purchase price was not disclosed. The 612,417-square-foot property is encumbered by $112 million of debt that was provided by TIAA-CREF, which ...
Phillips Edison-ARC Shopping Center REIT, which was launched in January, has completed its first purchases. The publicly registered REIT, whose shares do not trade on any exchange, has purchased the 82,033-square-foot Lakeside Plaza in Salem, Va., for $8.75 million, and ...
By John Covaleski, Commercial Real Estate Direct Staff WriterBlackstone Group faces a Feb. 15 maturity of a $105 million loan backed by the 589-room Hilton Fort Lauderdale Marina.With the expectation that it will not be paid off before the maturity ...
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