Dallas Business Journal An affiliate of TRT Holdings has bought St. Paul Place, a nearly 275,000-square-foot office building in downtown Dallas. The locally based company purchased the 22-story property from Pacific Elm Properties. The sales price was not...
Commercial Real Estate Direct Staff Report A venture of Interwest Capital and Intercontinental Real Estate Corp. has acquired the 175-unit River Edge, a student-housing property with 175 units in Boise, Idaho. The purchase price could not be learned...
Commercial Real Estate Direct Staff Report Greystone has provided a $30 million Freddie Mac loan to facilitate the purchase of the 102-unit Lock Vista apartments in Seattle. The property, at 3025 NW Market St., was purchased for $43.7 million...
A venture of Cross Ocean Partners and Lincoln Property Co. has paid $132 million, or $322.60/sf, for the 409,197-square-foot office property at 140 Kendrick St. in the Boston suburb of Needham, Mass. The three-building complex was sold by...
Jacksonville Business Journal An affiliate of KKR & Co. has bought the 603,000-square-foot cold-storage facility at 10030 Eastport Road in Jacksonville, Fla., for $192 million, or $318.41/sf. DHL Supply Chain sold the property, which was built on a...
South Florida Business Journal IMC Equity Group has bought Doral Square, a 150,000-square-foot retail property in Doral, Fla., for $74 million, or $493.33/sf. The North Miami company purchased the shopping center from its developer, Terra of Miami, in...
Commercial Real Estate Direct Staff Report East Capital Partners has paid $92.5 million, or $187.63/sf, for a pair of small-bay industrial properties with nine buildings and 493,000 square feet in Tampa, Fla. The 20-year-old Darien, Conn., investment manager...
Commercial Real Estate Direct Staff Report Clipper Realty Inc. continues to battle the special servicer of the $100 million CMBS loan against 141 Livingston St., a 213,745-square-foot office building in Brooklyn, N.Y. The loan is securitized through three...
Manulife has provided a $23 million loan against the 65-unit apartment property at 1008 Massachusetts Ave. in Cambridge, Mass. The property is owned by Boston Residential Group, which will use the financing to retire a $20 million loan...
Terreno Realty Corp. has paid $27.1 million, or $223.97/sf, for the 121,000-square-foot industrial property at 510 Andover Park West in the Seattle suburb of Tukwila, Wash. The price the Bellevue, Wash., REIT paid results in a 3.9% capitalization...
CEDARst Cos. has paid $34.6 million, or $262,121/unit, for the 132-unit Weyland apartments in Chicago. The local developer acquired the property, at 1980 North Milwaukee Ave., from its developer, CRG, the development and investment arm of real estate...
Oaktree Capital Management has provided $125 million of mortgage financing against the 228-unit TenTen Campus apartment property in the Los Angeles suburb of Glendale, Calif. JLL Capital Markets arranged the loan on behalf of the property's owner and...
Commercial Real Estate Direct Staff Report The venture that owns the 441,922-square-foot office building at 261 Fifth Ave. in the Midtown South submarket of Manhattan is negotiating a potential maturity extension of the property's $180 million mortgage. The...
South Florida Business Journal An affiliate of JBL Asset Management has bought Pinecrest Town Center, a 96,075-square-foot office and retail complex in Pinecrest, Fla., for $42.5 million, or $442.36/sf. The Hollywood, Fla., company purchased the property from a...
South Florida Business Journal Publix Super Markets Inc. has paid $83 million, or $615.58/sf, for the Polo Club Shops, a 134,832-square-foot shopping center in Boca Raton, Fla. The Lakeland, Fla., grocery store chain purchased the retail property from...
Atlanta Business Chronicle Toll Brothers has sold the 752-bed Kinetic student-housing building in Atlanta's Midtown area for $132 million, or $175,532/bed. The Fort Washington, Pa., homebuilder sold the 239-unit property to an affiliate of Kennedy Wilson of Beverly...
Commercial Observer Bushburg Properties has paid $70 million, or $165.88/sf, for the 400,000-square-foot office property at 100 William St. in Lower Manhattan. The New York developer bought the 22-story building, constructed in 1972, from Manulife, which purchased it...
French investment manager Ardian has paid $540 million for a 60% stake in the 115,000 square feet of retail space on the three lowest floors of 715-717 Fifth Ave. in Midtown Manhattan. The company bought the stake from...
Commercial Real Estate Direct Staff Report Northmarq has originated $27.08 million of Fannie Mae financing against the 72-unit Madison Throop Place apartment property in Chicago's West Loop neighborhood. The five-year loan requires only interest payments for its entire...
Commercial Real Estate Direct Staff Report The $800 million CMBS loan against the 650 Madison Ave. office building in Midtown Manhattan that has been in special servicing since September, when it didn't receive its scheduled payment, has been...
Commercial Real Estate Direct Staff Report Apartment Investment and Management Co., or Aimco, which is looking to proceed with its liquidation, has agreed to sell seven suburban Chicago apartment properties with 1,495 units for $455 million, or $304,347/unit....
Commercial Real Estate Direct Staff Report The venture of GreenOak Real Estate and Highgate Capital that owns the 249-room Royalton Park Avenue Hotel in Manhattan might be close to refinancing the property's $115.71 million CMBS loan. The existing...
Crain's Chicago Business AMLI Residential has paid $135 million, or $490,909/unit, for the 275-unit Milieu apartments in Chicago's West Loop neighborhood. The local multifamily investor acquired the 20-story property, at 205 South Peoria St., from a venture led...
Truist Bank has provided a $71.96 million loan against the 201-unit Hazel apartment property at 89 Monitor St. in Jersey City, N.J. The property is owned by a venture of Beachwold Residential and Alpine Real Estate Group, both...
Houston Business Journal JPMorgan & Co. is hoping to line up a buyer for the 448-room Hilton Houston Post Oak in the city's Uptown area by the end of the year. The 14-story hotel, at 2001 Post Oak...
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