Commercial Real Estate Direct Staff Report Highwoods Properties Inc. had signed 97 office leases for 922,000 square feet during the first quarter, a significant increase from the 520,000 sf of deals inked during the same period a year...
The Real Deal A venture of Intercontinental Real Estate and Harvest Properties is offering for sale the Kohl Building, an 85,600-square-foot office property in San Francisco. Intercontinental, of Boston, and Harvest, of Oakland, Calif., has hired JLL to...
South Florida Business Journal An affiliate of Blackstone Group has bought the 346-room W Fort Lauderdale hotel in Fort Lauderdale, Fla., for $97.65 million, or about $282,225/room. The New York company purchased the property from the Related Cos.,...
The Real Deal Jade Enterprises is offering for sale the 284,500-square-foot office property at 660 South Figueroa St. in Los Angeles. The Los Angeles company has hired Newmark to sell the property, which it acquired in 2014 for...
The Massachusetts Housing Finance Agency has provided $50 million of financing under the U.S. Department of Housing and Urban Development's 223(f) program for the 501-unit Clarendon Hill Towers Apartments in the Boston suburb of Somerville, Mass. MassHousing is...
Commercial Real Estate Direct Staff Report Pier Property Group has sold the Flats at Dorsett Ridge, a 214-unit apartment property in Maryland Heights, Mo., for $54.1 million, or $252,803/unit. The St. Louis developer sold the property to an...
Commercial Real Estate Direct Staff Report The Wasatch Group has sold the 240-unit Crossroads Apartments in West Valley City, Utah. The sales price could not be learned immediately. But the property was appraised last year at a value...
BisNow JPMorgan Chase Bank has taken title to the Foundry, a 256,000-square-foot office property in Washington, D.C., through foreclosure. The bank had provided $58 million of financing against the property, at 1055 Thomas Jefferson St. NW, in 2014...
Commercial Real Estate Direct Staff Report Columbia St. Mary's Inc. has decided not to renew its lease for 130,901 square feet at the East Lake Tower Corporate Center office property in Glendale, Wis. The exit was highlighted recently...
Commercial Real Estate Direct Staff Report KRL Legacy LLC has paid $26.65 million, or $246.76/sf, for Pike Distribution Center, a 108,000-square-foot industrial property in Auburn, Wash. The company, an affiliate of Ace Relocation System Inc., purchased the property...
Commercial Real Estate Direct Staff Report Hagerstown Premium Outlets, a 484,994-square-foot retail property in Hagerstown, Md., has had its appraised value cut again, to $32.5 million, putting it 79 percent lower than the $150 million value pegged to...
Commercial Real Estate Direct Staff Report Benchmark Real Estate has paid $43 million, or $704,918/unit, for the 61-unit apartment property at 194 East 2nd St. in the East Village section of Manhattan. The New York investment manager bought...
Commercial Real Estate Direct Staff Report The appraised value of the 127-unit apartment property at 1209 DeKalb Ave. in Brooklyn, N.Y., has been slashed to $37.2 million, well less than the $46 million mortgage against it. The loan...
American Eagle Outfitters has signed a 20-year lease for 338,085 square feet at 63 Madison Ave., an 865,000-sf office building in Manhattan's Midtown South area. The apparel retailer will directly lease 108,194 sf on the 15-story building's seventh...
The Canadian Imperial Bank of Commerce, or CIBC, has provided $28.5 million of financing for the development of a 167,281-square-foot industrial property in South Plainfield, N.J. The project, at 1 Cragwood Road South, is being developed by Bridge...
Commercial Real Estate Direct Staff Report Hewlett Packard is offering for sublease a portion of its office space at HPE Campus, a 447,364-square-foot office property in Roseville, Calif. The technology company occupies the entire property and is said...
Commercial Real Estate Direct Staff Report Estee Lauder, the largest tenant at the 176,648-square-foot office building at 575 Broadway in Manhattan's SoHo area, evidently hasn't notified the property's owner that it plans to exercise an option to extend...
LCOR Inc. has paid $54 million for the 1.73-acre development site at 107 Morgan St. along the Jersey City, N.J., waterfront. The New York developer bought the site from Veris Residential of Jersey City, in a deal arranged...
Commercial Real Estate Direct Staff Report Waterton has paid $53.13 million, or $285,645/unit, for 2000 Lake Washington, a 186-unit apartment property in Renton, Wash. The Chicago investment manager purchased the property from an affiliate of New York Life...
Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Kroll Rating S&P Price % Yield % Final Pricing (bp) Bnch mrk A-1 5.33 30.00 2,54 AAA AAA AAA 100.000 5.989 +113 J-spread A-2 100.00...
Commercial Real Estate Direct Staff Report The appraised value of One Union Square, a 42,256-sf mixed-use building at 212 Stockton St. in San Francisco has been lowered to $63.4 million. The latest appraisal, highlighted recently in a CMBS...
A venture of Bungalow Projects and Bain Capital Real Estate has paid $34 million for a development site at 145 Wolcott St. in the Red Hook section of Brooklyn, N.Y., with plans to construct a 225,000-square-foot movie production...
North River Partners and Amzak Capital Partners have provided $52 million of financing for the construction of The ONE at Columbia, a 360-unit property in Columbia, S.C. The loan was arranged on behalf of the property's developer, One...
Commercial Real Estate Direct Staff Report PGIM has provided $74.5 million of financing to facilitate Stonepeak's $125 million, or $73.53/sf, purchase of a portfolio of three industrial buildings totaling 1.7 million square feet in Elwood, Ill. Stonepeak, a New...
KKR & Co. is buying a portfolio of 19 student-housing properties with more than 10,000 units scattered across 10 states for $1.64 billion. The New York investment manager is purchasing the portfolio through its KKR Real Estate Partners...
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