Commercial Real Estate Direct Staff Report MetLife has provided $125 million of financing against the 683,797-square-foot Fountains at Lake Success office property in New Hyde Park, N.Y., on Long Island. The loan allowed the property's owner, a venture of Rockpoint ...
Atlanta Business Chronicle Exeter Property Group has paid $20.9 million for a 729,400-square-foot industrial property in Lithia Springs, Ga. The property, on 52 acres at 1265 Terminus Drive, was sold at a recent online auction through the Ten-X platform. It ...
The former owner of an Oakland, Calif., retail center that was taken through foreclosure two years ago is hoping an upcoming jury trial will provide closure to a five-year ordeal - that he likened to purgatory - involving the property's ...
Commercial Real Estate Direct Staff Report A group of tenant-in-common investors sponsored by Tristone Realty Management has sold the 115,000-square-foot Butterfield Plaza shopping center in Downers Grove, Ill., for $21.4 million, or about $186/sf. The sale, to Viking Partners of ...
Hakim Holdings has paid $48 million, or $787/sf, for 9350 Wilshire Blvd., a 61,000-square-foot office building in Beverly Hills, Calif. The investment firm, led by brothers Alexander and Steven Hakim and their father, Kambiz Hakim, bought the 58-year-old property ...
JPMorgan Chase Bank has provided $350 million of mortgage financing against 174,000 square feet of retail space at the base of 731 Lexington Ave., a mixed-use building in midtown Manhattan. The three-year loan has a rate pegged to Libor plus ...
Commercial Real Estate Direct Staff Report The $12.2 million sale of the Fisher and Albert Kahn Buildings in Detroit resulted in an $18.8 million loss to the CMBS loan against the property. The $24 million loan against the buildings was ...
Commercial Real Estate Direct Staff Report Massachusetts Mutual Life Insurance Co. has lent $70 million against the 267-room DoubleTree by Hilton in Boston. The 10-year mortgage retires $34.6 million of financing that was securitized through Greenwich Capital Commercial Funding Corp., ...
Commercial Real Estate Direct Staff Report HFZ Capital Group has teamed with Southfield, Mich., developer Redico to pay $12.2 million, or just less than $16/sf, for the Fisher and Albert Kahn Buildings, a pair of adjoining office buildings in ...
Laurus Corp. has purchased the Promenade at Howard Hughes Center, a 248,036-square-foot retail property in Los Angeles, for about $100 million, or $403/sf. It bought the property, part of the 1.6 million-sf Howard Hughes Center mixed-use complex, from Passco Real ...
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