Argus Realty Investors has paid $51.3 million for 252,350 square feet of office space in Phoenix.The San Clemente, Calif., real estate firm, which generally sponsors tenant-in-common investor groups, purchased the two-property portfolio from Equastone of San Diego. It...
Strategic Real Estate Advisors has paid $270 million for a portfolio of 22 industrial properties with 5.5 million.The London investment manager purchased the portfolio on behalf of an institutional client from TIAA-CREF.The portfolio is comprised of properties in...
Apollo Real Estate Advisors has named Frank Buckley partner in its Los Angeles office.Buckley, formerly a managing director with Ramsey-Shilling Commercial Real Estate Services Inc., a Hollywood, Calif., brokerage, is charged with identifying potential acquisitions and business opportunities.At...
Commercial Real Estate Direct Staff ReportCarmel Partners has purchased six apartment properties with a total of 1,532 units in Colorado, California and Washington for $191 million. The San Francisco investment manager bought the properties in separate transactions from...
Monte Koch has replaced Devin Murphy as global head of real estate investment banking at Deutsche Bank Securities.Murphy is leaving Deutsche Bank after 21 years to "pursue other interests," the company said. Koch has more than 20 years...
Commercial Real Estate Direct Staff ReportNNN Healthcare/Office REIT has acquired 511,100 square feet of medical office space in four deals over the past month.The entity, managed by Triple Net Properties, this week acquired the 67,000-sf St. Mary's Physicians...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-1101.7530.003.39AAAAAA+50swapsA-2194.0530.004.85AAAAAA+70swapsA-3311.8030.006.79AAAAAA+79swapsA-AB132.0030.007.15AAAAAA+74swapsA-41,178.2630.009.76AAAAAA+62swapsA-1A364.3330.008.17AAAAAANAswapsA-M231.0320.009.87AAAAAA+84swapsA-MFL95.0020.009.87AAAAAA+69LiborA-J268.9711.759.95AAAAAA+115swapsB28.5310.8759.96AA+AA++135swapsC44.839.509.96AAAA+145swapsD24.458.759.96AA-AA-+155swapsE20.388.1259.96A+A++180swapsF28.537.509.96AA+205swapsG32.606.259.96A-A-+235swapsH36.685.1259.96BBB+BBB++300swapsJ32.604.1259.96BBBBBB+350swapsK32.603.1259.96BBB-BBB-+425swapsL12.232.759.96BB+BB+NATreasM12.232.3759.96BBBBNATreasN12.232.009.96BB-BB-NATreasO8.151.759.96B+B+NATreasP4.081.6259.96BBNATreasQ8.151.3759.96B-B-NATreasS44.830.0010.08NRNRNATreasXW3,260.26*NA8.63AAAAAANATreas*Notional amount, interest onlyCollateral balance: $3,260.26 millionBookrunner(s): Bear Stearns, Morgan StanleyLead Managers: Bear Stearns, Morgan StanleyB-piece Buyer: Centerline REITMaster Servicer: Wells Fargo, Prudential Asset ResourcesSpecial Servicer: Centerline ServicingTrustee: LaSalle BankOriginators: Wells Fargo (34.3 percent), Bear...
Commercial Real Estate Direct Staff ReportA 158-unit multifamily/retail property at 360 E. 65th St. in Manhattan is available for sale and expected to fetch about $130 million. Eastern Consolidated Properties is representing the New York partnership selling the...
KBS REIT Inc. has paid $35.1 million for 2200 West Loop South, a 196,217-square-foot office building in Houston.The Newport Beach, Calif., company, a non-traded REIT managed by KBS Realty Advisors, financed its purchase with $17.4 million of debt....
In a deal completed just before the window on such financings closed, Sonnenblick-Eichner Co. lined up $33 million of permanent financing with a five-year interest-only period for the Hilton Fort Lee on the New Jersey side of the...
Developers Diversified Corp. has sold its Lake Walden Square shopping center in suburban Tampa, Fla., to a venture it operates with Macquarie DDR Trust for $23 million.Lake Walden, a 262,000-square-foot property, is 50 percent occupied and anchored by...
Wachovia Securities has combined its real estate capital markets, financial services and investment banking groups in its real estate financial services group and moved that operation into its corporate and investment bank from its general bank.The integration is...
Kennedy Wilson has paid $131 million for Oaks at Westlake, a 354,341-square-foot office building in the Los Angeles suburb of Thousand Oaks, Calif.The Beverly Hills, Calif., real estate firm purchased the property on behalf of its KWI Property...
A group of New Jersey investors has acquired New England Village Garden Apartments, a 133-unit complex in Summit, N.J., for $30 million.The complex was sold by a family that has owned the property since its construction in 1950....
Wachovia Securities has combined its real estate capital markets, financial services and investment banking groups in its real estate financial services group and moved that operation into its corporate and investment bank from its general bank.The integration is...
KBS REIT Inc. has paid $35.1 million for 2200 West Loop South, a 196,217-square-foot office building in Houston.The Newport Beach, Calif., company, a non-traded REIT managed by KBS Realty Advisors, financed its purchase with $17.4 million of debt....
A group of New Jersey investors has acquired New England Village Garden Apartments, a 133-unit complex in Summit, N.J., for $30 million.The complex was sold by a family that has owned the property since its construction in 1950....
In a deal completed just before the window on such financings closed, Sonnenblick-Eichner Co. lined up $33 million of permanent financing with a five-year interest-only period for the Hilton Fort Lee on the New Jersey side of the...
Developers Diversified Corp. has sold its Lake Walden Square shopping center in suburban Tampa, Fla., to a venture it operates with Macquarie DDR Trust for $23 million.Lake Walden, a 262,000-square-foot property, is 50 percent occupied and anchored by...
Kennedy Wilson has paid $131 million for Oaks at Westlake, a 354,341-square-foot office building in the Los Angeles suburb of Thousand Oaks, Calif.The Beverly Hills, Calif., real estate firm purchased the property on behalf of its KWI Property...
Liquid Realty Partners has committed to invest $23.4 million in an opportunity in the gaming sector and in a new investment fund.The San Francisco investment manager, which generally buys interests in other funds, is making a co-investment in...
Starwood Capital Group has formed a venture with John Peshkin, the former head of a major homebuilder, which will pursue the acquisition, development and financing of residential land in certain potentially high growth markets throughout the country.Starwood raised...
Duke Realty Corp. last Thursday sold $300 million of senior unsecured notes through bookrunners JPMorgan Securities, Morgan Stanley and UBS Investment Bank.Duke, an Indianapolis office and industrial property REIT, said it would use proceeds of the offering to...
Commercial Real Estate Direct Staff ReportCarlyle Group has raised $3 billion of equity commitments for its latest domestic opportunistic investment fund.The fund, Carlyle Realty Partners V, is targeting office, hotel, industrial, retail, multifamily and seniors housing properties in...
Duke Realty Corp. last Thursday sold $300 million of senior unsecured notes through bookrunners JPMorgan Securities, Morgan Stanley and UBS Investment Bank.Duke, an Indianapolis office and industrial property REIT, said it would use proceeds of the offering to...
© 2025 Commercial Real Estate Direct All rights reserved.
© 2024 Commercial Real Estate Direct All rights reserved..
