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...
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...
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...
SCI Real Estate has paid $20.8 million for ITC Crossing North Shopping Center, a 179,775-square-foot retail property in Mount Olive, N.J.The Los Angeles firm purchased the property from AIG Baker of Birmingham, Ala. AIG marketed the complex through...
KBS REIT has agreed to pay $33 million for the Royal Ridge Building, a 160,539-square-foot office building in the Atlanta suburb of Alpharetta, Ga. The Newport Beach, Calif., real estate firm is purchasing the building from a group...
SCI Real Estate has paid $20.8 million for ITC Crossing North Shopping Center, a 179,775-square-foot retail property in Mount Olive, N.J.The Los Angeles firm purchased the property from AIG Baker of Birmingham, Ala. AIG marketed the complex through...
KBS REIT has agreed to pay $33 million for the Royal Ridge Building, a 160,539-square-foot office building in the Atlanta suburb of Alpharetta, Ga. The Newport Beach, Calif., real estate firm is purchasing the building from a group...
Commercial Real Estate Direct Staff ReportNoble Investment Group is under agreement to acquire six hotels with a combined 754 rooms from Global Hyatt Corp. A purchase price was not given.The properties, all operated under the AmeriSuite brand, are...
Thayer Lodging has lined up $93 million of acquisition and construction financing for its recent purchase of three Marriott-brand hotels at the Miami International Airport in Miami.The Annapolis, Md., firm purchased the three hotels, which total 825 rooms,...
A private investment group has paid $44 million for the Plaza at Puente Hills, a 177,933-square-foot retail property in the Los Angeles suburb of City of Industry, Calif.The group, which operates as JSL Plaza at Puente Hills, purchased...
Angel/McIver Interests LP has paid $16 million to purchase the Interchange Business Park, a 297,000-square-foot industrial complex in Houston.The Conroe, Texas, investment firm purchased the eight-building complex from a German investor. Angel/McIver funded the acquisition with $12.7 million...
Associated Estates Realty has purchased Bristol at Ghent, a 268-unit residential community in Norfolk, Va. The Richmond Heights, Ohio, REIT is purchasing the four-story building from Bristol Development Group of Franklin, Tenn. Bristol Development marketed the property through...
Fairfield Residential has paid $52.8 million for Emerald Terrace, a 302-unit apartment complex in Los Angeles.The Chicago multifamily firm purchased the two-building complex from StarPoint Properties of Torrance, Calif. StarPoint marketed the property through Sperry Van Ness.Emerald Terrace...
Commercial Real Estate Direct Staff ReportNoble Investment Group is under agreement to acquire six hotels with a combined 754 rooms from Global Hyatt Corp. A purchase price was not given.The properties, all operated under the AmeriSuite brand, are...
Thayer Lodging has lined up $93 million of acquisition and construction financing for its recent purchase of three Marriott-brand hotels at the Miami International Airport in Miami.The Annapolis, Md., firm purchased the three hotels, which total 825 rooms,...
A private investment group has paid $44 million for the Plaza at Puente Hills, a 177,933-square-foot retail property in the Los Angeles suburb of City of Industry, Calif.The group, which operates as JSL Plaza at Puente Hills, purchased...
Angel/McIver Interests LP has paid $16 million to purchase the Interchange Business Park, a 297,000-square-foot industrial complex in Houston.The Conroe, Texas, investment firm purchased the eight-building complex from a German investor. Angel/McIver funded the acquisition with $12.7 million...
Associated Estates Realty has purchased Bristol at Ghent, a 268-unit residential community in Norfolk, Va. The Richmond Heights, Ohio, REIT is purchasing the four-story building from Bristol Development Group of Franklin, Tenn. Bristol Development marketed the property through...
Fairfield Residential has paid $52.8 million for Emerald Terrace, a 302-unit apartment complex in Los Angeles.The Chicago multifamily firm purchased the two-building complex from StarPoint Properties of Torrance, Calif. StarPoint marketed the property through Sperry Van Ness.Emerald Terrace...
Kensico Properties, which earlier this year purchased Pickwick Plaza in Greenwich, Conn., has added to its collection in the upscale city. It has paid $142.5 million, a whopping $1,083/sf, for 55 Railroad Ave.The purchase price amounts to a...
Nationwide Life Insurance has provided $77.5 million of fixed-rate financing for Summit Place, a 650,000-square-foot office complex in the Milwaukee suburb of West Allis, Wis.The 10-year financing, which pays only interest for the first four years, was originated...
Commercial mortgage origination volumes during the first quarter ran a blistering 37 percent ahead of the same period last year, according to a survey by the Mortgage Bankers Association.That increased volume was driven in large part by the...
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