LaSalle Bank has provided $265 million of senior debt for 600 West Chicago, the former Montgomery Ward catalog distribution facility in Chicago.The property, constructed in 1908 and redeveloped in 2001, was purchased recently for roughly $289 million by...
Commercial Real Estate Direct Staff Report A venture of Campus Apartments Inc. and the government of Singapore has acquired 17 student housing properties in various transaction for $314 million.The venture, between Philadelphia's Campus Apartments and Singapore's real estate...
Crown West Realty has paid $18.1 million for Cobb Corporate Center, a 195,921-square-foot office/industrial park in the Atlanta suburb of Marietta, Ga.The Phoenix real estate firm is buying the complex from Brookwood Financial Partners of Beverly, Mass. Resource...
An affiliate of Big Industrial has purchased 1103 Carlos Parker Blvd., a 321,600-square-foot industrial property in the Dallas suburb of Taylor, Texas.The Prairie Village, Kan., developer of industrial properties, purchased the building from Burnes Home Accents, an Austin,...
An affiliate of USAA Real Estate Co. has purchased 5810 Trade Center Court, a 399,500-square-foot industrial building in Atlanta.The affiliate, US Industrial REIT II, purchased the building from Panattoni Development Co., a Sacramento, Calif., developer. Panattoni marketed the...
Silver-McCann Apartment Group II has purchased the Barons Apartments, a 508-unit residential property in Dallas.The buyer, which is a joint venture between McCann Realty Partners and Silver Capital, purchased the property from an affiliate of Mockingbird Properties of...
An undisclosed owner has lined up $35 million of mortgage debt for the Sheraton Imperial Raleigh, a 331-room hotel in Durham, N.C.Prudential Mortgage Capital provided the financing, which carries a 10-year term with a fixed-rate. Todd Crouse of...
Mack-Cali Realty Corp. has paid $13 million for 43 acres of developable land adjacent to the Capital Office Park in Greenbelt, Md.The Cranford, N.J., REIT purchased the land from a venture between Greenbelt Associates and Sixteenth Springhill Lake...
The Klein Co. has lined up $33.5 million of financing for Townline Townhomes, a 320-unit residential property in the Philadelphia suburb of Blue Bell, Pa.The Philadelphia multifamily developer received the financing from Principal Global Investors. HFF Inc.'s Florham...
A venture between Lexington Realty Trust and Winthrop Realty Trust has increased the price of its tender offer to buy Wells Real Estate Investment Trust, Inc. The venture, which operates as Lex-Win Acquisition, raised its offer price to...
Noble Investment Group has acquired six hotels with a combined 754 rooms from Global Hyatt Corp. The purchase price was not released.Noble of Atlanta will invest an average of $30,000/key in converting the properties, now operated under the...
An undisclosed seller is offering for sale Chantry Square, a 243,560-square-foot shopping center in Columbus, Ohio, for $23.3 million.The seller has tapped the Columbus office of Marcus & Millichap to market the property.Chantry Square sits on 21 acres...
Commercial Real Estate Direct Staff Report General Property Trust (GPT) of Australia has paid $265 million for a 95 percent stake in 19 properties managed by Benchmark Assisted Living. Benchmark, a Wellesley Hills, Mass., operator of seniors care...
The Klein Co. has lined up $33.5 million of financing for Townline Townhomes, a 320-unit residential property in the Philadelphia suburb of Blue Bell, Pa.The Philadelphia multifamily developer received the financing from Principal Global Investors. HFF Inc.'s Florham...
JEMB Realty has paid $50 million for the remaining 190 units at Regatta Bay, a condominium property in Annapolis, Md. The New York real estate firm purchased the units from an undisclosed seller. The units account for roughly...
A venture between Lexington Realty Trust and Winthrop Realty Trust has increased the price of its tender offer to buy Wells Real Estate Investment Trust, Inc. The venture, which operates as Lex-Win Acquisition, raised its offer price to...
New York PostThe Icon Group purchased 35 multifamily buildings on Manhattan's Upper East Side for $160 million from the Klein family. The New York firm plans to upgrade the buildings, which include 760 apartments and five retail store...
Noble Investment Group has acquired six hotels with a combined 754 rooms from Global Hyatt Corp. The purchase price was not released.Noble of Atlanta will invest an average of $30,000/key in converting the properties, now operated under the...
Commercial Real Estate Staff reportCapital Partners has acquired the Rincon Center Residential Towers in San Francisco for $143 million from a fund managed by Beacon Capital Partners.The two building, 320-unit property at 88 Howard Street is part of Rincon...
An undisclosed seller is offering for sale Chantry Square, a 243,560-square-foot shopping center in Columbus, Ohio, for $23.3 million.The seller has tapped the Columbus office of Marcus & Millichap to market the property.Chantry Square sits on 21 acres...
Silver-McCann Apartment Group II has purchased the Barons Apartments, a 508-unit residential property in Dallas.The buyer, which is a joint venture between McCann Realty Partners and Silver Capital, purchased the property from an affiliate of Mockingbird Properties of...
Commercial Real Estate Direct Staff Report General Property Trust (GPT) of Australia has paid $265 million for a 95 percent stake in 19 properties managed by Benchmark Assisted Living. Benchmark, a Wellesley Hills, Mass., operator of seniors care...
An undisclosed owner has lined up $35 million of mortgage debt for the Sheraton Imperial Raleigh, a 331-room hotel in Durham, N.C.Prudential Mortgage Capital provided the financing, which carries a 10-year term with a fixed-rate. Todd Crouse of...
JEMB Realty has paid $50 million for the remaining 190 units at Regatta Bay, a condominium property in Annapolis, Md. The New York real estate firm purchased the units from an undisclosed seller. The units account for roughly...
Mack-Cali Realty Corp. has paid $13 million for 43 acres of developable land adjacent to the Capital Office Park in Greenbelt, Md.The Cranford, N.J., REIT purchased the land from a venture between Greenbelt Associates and Sixteenth Springhill Lake...
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