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...
Commercial Real Estate Direct Staff Report Apartment property sales in New York City totaled $1.44 billion in the first quarter, up 23 percent from the same time last year, according to Ariel Property Advisors. But property sales are...
Commercial Real Estate Direct Staff Report Top 10 Properties has paid $21.8 million, or $232.60/sf, for Pinnacle Peak Commerce Center, a 93,725-square-foot industrial property in Phoenix. The Gilbert, Ariz., company purchased the property from an affiliate of Nicola...
AZ Big Media EQT Exeter has paid $60.1 million, or $93.63/sf, for I-10 Gateway, a 641,906-square-foot industrial property in Buckeye, Ariz. The Radnor, Pa., REIT purchased the property from its developer, BET Investments, in a deal brokered by...
Argentic Investment Management has provided a $29 million bridge loan against Mi-Place at Brightmoor, a 312-unit apartment property in Sicklerville, N.J. CBRE arranged the three-year loan on behalf of the owner, Fernmoor Homes of Jackson, N.J. The three-story...
Jacksonville Business Journal Argentic Investment Management has taken control of the Wells Fargo Center, a 653,919-square-foot office building in downtown Jacksonville, Fla. The New York company also took a nine-level parking garage at 1 West Bay St. and...
South Florida Business Journal An affiliate of JDS Development Group has bought 888 Brickell St., a 115,000-square-foot office building in Miami's Brickell Financial District, for $61.23 million, or about $532.43/sf. The New York developer purchased the nine-story property...
The Real Deal Consus Asset Management is said to have backed out from buying the 1 million-square-foot office tower at 777 South Figueroa St. in Los Angeles. The South Korean investment firm reportedly was paying $145 million, or...
Commercial Real Estate Direct Staff Report The appraised value of the Hilton Suites Chicago Magnificent Mile, a 345-room hotel in Chicago, has been reduced to $61.9 million. That's down from the $63.1 million value pegged to it last...
Dallas Business Journal Pinnacle Bank has filed a foreclosure suit against Opal Holdings, claiming the New York company defaulted on its $40 million loan against the Centerpoint office complex in the Dallas suburb of Arlington, Texas. Opal had...
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