South Florida Business Journal An affiliate of Hillwood has bought the 1 million-square-foot distribution center at 14490 Corporate Road North in Jupiter, Fla., for $106.5 million, or $106.50/sf. The Dallas company, an affiliate of The Perot Cos., purchased...
Commercial Real Estate Direct Staff Report Interstate Equities Corp. has recapitalized the Gates at Marina Apartments in Marina, Calif., in a deal that values the 136-unit property at $45 million, or $330,882/unit. The recapitalization involved bringing in a...
Commercial Real Estate Direct Staff Report Northmarq has arranged $35 million of financing against Lodge at Mallard's Landing, a seniors-housing property with 147 units in Gig Harbor, Wash. The financing, which was provided by an unnamed life insurance...
Commercial Real Estate Direct Staff Report The 120,215-square-foot office building at 717 14th St. in Washington, D.C., was appraised recently at a value of $10.5 million. That's down 81 percent from the $56 million value pegged to it...
The Real Deal Continental Realty Corp. has paid $78.4 million, or $276,056/unit, for Sixteen30, a 284-unit apartment complex in Plainfield, Ill. The Baltimore investment manager purchased the property from its developer, Wingspan Development, which had spent $60 million...
Commercial Real Estate Direct Staff Report SL Green Realty Corp. has agreed to buy the remaining stake it doesn't already own in 10 East 53rd St., a 366,879-square-foot office property in midtown Manhattan. The New York REIT is...
Commercial Real Estate Direct Staff Report The $300 million loan against the 527,000-square-foot Santa Monica Place Mall in Santa Monica, Calif., has transferred to special servicer Argentic Services Co. as its expected to default at its upcoming maturity....
Commercial Real Estate Direct Staff Report A venture of New York Life Real Estate Investors and Bridgeton has purchased, out of foreclosure, the 78,000-square-foot office building at 410 Townsend St. in San Francisco for $22 million, or $282.05/sf....
Ease Capital has provided $32 million of financing against The Station Apartments, a 97-unit property in West New York, N.J. Maidstone Advisors of New York arranged the two-year loan, which pays only interest for the life of its...
Commercial Real Estate Direct Staff Report W.P. Carey Inc. has paid $94.1 million, or $79.08/sf, for Rickenbacker Exchange Building 2, a 1.19-million-square-foot industrial property in Commercial Point, Ohio. The New York REIT purchased the property from its developer,...
Nationwide has provided $100 million of financing against a portfolio of industrial properties totaling 824,546 square feet in South Florida. JLL Capital Markets arranged the loan on behalf of the borrower, Seagis Property Group of Conshohocken, Pa. The...
MassHousing and Rockport Mortgage Corp. have provided $94 million of financing against Westminster Village Arms, a 432-unit apartment property in Lowell, Mass., about 36 miles north of Boston. The 35-year loan was provided through MassHousing's Accelerated Processing and...
Commercial Real Estate Direct Staff Report The $120.46 million of financing against Yorktown Center, a 787,389-square-foot retail center in Lombard, Ill., has transferred to special servicer KeyBank as it was not paid off at its maturity. The transfer...
Black Lion has bought the Lincoln office and retail building, with 118,658 square feet in Miami Beach, Fla., for $62.5 million, or about $526.72/sf. The developer, with offices in Miami and Los Angeles, purchased the six-story property from...
Commercial Real Estate Direct Staff Report The 205-room Westin Portland hotel in Portland, Ore., was appraised recently at value of $33.2 million, about 34 percent less than the $50.43 million of mortgage debt against it. The latest appraisal,...
Terreno Realty Corp. has paid $84.3 million for a four-building industrial property at 6584-6674 Fleet Drive in the Washington, D.C., suburb of Alexandria, Va. The Bellevue, Wash., investor bought the 357,000-square-foot property from an undisclosed seller. The property,...
Commercial Real Estate Direct Staff Report KKR & Co. Inc. has taken control of Chevy Chase Plaza, a 161,515-square-foot office property in the Friendship Heights section of Washington, D.C., through a deed-in-lieu of foreclosure. The New York investor...
Commercial Real Estate Direct Staff Report New York Life Insurance Co. has provided $40 million of financing to facilitate Decron Properties' $69 million, or $259,398/unit, purchase of Hangar at Thunderbird, a 266-unit apartment property in Glendale, Ariz. The...
The Real Deal Barclays and PPM America have hired Newmark to market for sale the 267,641-square-foot office property at 360 Lexington Ave. in midtown Manhattan. The lenders took the property through foreclosure last year after its owner, Savanna,...
The maturity date for the $1.08 billion CMBS loan against the 1.5 million-square-foot office building at 280 Park Ave. in midtown Manhattan has been extended to September 2026, with additional options to push it to September 2028. The...
The Real Deal David Werner Real Estate has agreed to pay $115 million, or $222.55/sf, for 100 Wall St., a 516,740-square-foot office property in lower Manhattan. The New York investor is buying the 55-year-old building from Barings of...
Dallas Business Journal Burnett Plaza, the tallest office building in Fort Worth, Texas, is being offered for sale at a May 7 foreclosure auction. Pinnacle Bank had provided $13 million of financing against the 40-story building to Opal Holdings,...
Commercial Real Estate Direct Staff Report A venture of Namdar Realty Group and Mason Asset Management has paid $54 million, or $42.86/sf, for the 1.26 million-square-foot office property at 200 Public Square in Cleveland. Namdar and Mason, both...
Citi Real Estate Funding has provided $205 million of financing against the office properties at 1812 North Moore St. and 2800 Shirlington Road in Arlington, Va. It provided $173 million of financing against the 537,000-square-foot 1812 North Moore...
Commercial Real Estate Direct Staff Report The appraised value of the 359,883-square-foot office property at 600 California St. in San Francisco has been lowered to $124 million from the $183 million value pegged to it last July. The latest...
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