RECENT NEWS
Corus Provides $38.5Mln for Suburban Seattle Residential Project
A venture between Urban Partners and Westport Capital Partners has lined up $38.5 million of financing for the construction of Burien Town Square, a 124-unit condominium project in the Seattle suburb of Burien, Wash. The venture received the...
Retail Center in Suburban Tampa for Sale
Century Retail of Orlando, Fla., is marketing for sale a 106,614-square-foot retail center in Apollo Beach, Fla. The Tampa, Fla., office of Marcus & Millichap is listing property, the Shoppes of Apollo Beach, with an asking price of...
Suburban St. Louis Retail Property Sold
DDRS has purchased Megan Crossings, a 113,820-square-foot retail property in O'Fallon, Mo.The Boise, Idaho, firm purchased the property from an undisclosed seller. A purchase price is not known.Megan Crossings, which was built in 2005, is fully leased to...
Capmark Provides $35Mln of Financing for San Diego Shopping Center
A private real estate firm has lined up $35 million of financing for the Rio Vista Shopping Center, a 144,022-square-foot retail property in San Diego.The borrower, R.V.S. Retail, received the loan from Capmark Finance. The fixed-rate loan carries...
JBG-MacFarlane Venture Eyes $10Bln in Washington-Area Investments
JBG Cos. and MacFarlane Partners have formed a venture that is planning $10 billion of development and redevelopment projects in the Washington, D.C., region. JBG of Chevy Chase, Md., has seeded the venture, JBG Urban LLC, with 93...
Westbrook Venture Sells Bethesda, Md., Hotel for $92.1Mln
A venture that includes Westbrook Partners has sold a 407-room Marriott hotel in Bethesda, Md., for $92.1 million. A buyer was not identified.Westbrook's venture with Northview Hotel Group had recently completed $13.5 million of capital improvements to the...
Houston Office Portfolio Sells for $31.6Mln
Carmel Village Retirement Residences has paid $31.6 million for a portfolio of four Houston office buildings totaling 378,127 square feet. The Houston firm purchased the portfolio from Mammoth Equities of San Juan Capistrano, Calif., which marketed it through...
Time Equities Buys Another Manhattan Office for Condo Conversion
Time Equities Inc. has acquired an office building at 70 W. 36th St. in Manhattan, which it is converting to office condominiums. This is the New York investment firm's second Manhattan office-condo conversion in the past year.Earlier this...
Venture Sells Orange County, Calif., Retail Center for $100Mln
A joint venture between Birtcher Development & Investments and Buchanan Street Partners has sold the South Coast Home Furnishings Centre, a 300,000-square-foot retail property in Costa Mesa, Calif., for $100 million.A Costa Mesa private group purchased the property....
Horizon Group Pays $59.1Mln for 3 Outlet Shopping Centers
Horizon Group Properties, Inc. has paid $59.1 million for three retail properties totaling 673,587 square feet.The purchase price includes $53 million of existing debt. The Rosemont, Ill., firm bought the properties from an affiliate of Prime Retail Inc....
Security Properties Pays $53Mln for Suburban Los Angeles Apartments
An affiliate of Security Properties has paid $53 million for Torrey Pines, a 250-unit apartment complex in the Los Angeles suburb of Covina, Calif.The Seattle real estate firm purchased the property from an undisclosed seller. It funded the...
$750Mln Mixed-Use Project Planned for Suburban St. Louis
McEagle Properties LLC is developing a massive mixed-use property valued at about $750 million in the St. Louis suburb of Shiloh, Ill. The O'Fallon, Mo., firm is developing the 586-acre Village of Shiloh complex east of Green Mount...
Scottsdale, Ariz., Apartment Complex Sold for $49Mln
Security Properties Inc. has paid $49 million for the Sonoran Vista Apartments, a 264-unit apartment complex in Scottsdale, Ariz.The Seattle firm purchased the property from an undisclosed seller. It funded the acquisition with $40 million of financing provided...
Westbrook Venture Sells Bethesda, Md., Hotel for $92.1Mln
A venture that includes Westbrook Partners has sold a 407-room Marriott hotel in Bethesda, Md., for $92.1 million. A buyer was not identified.Westbrook's venture with Northview Hotel Group had recently completed $13.5 million of capital improvements to the...
JBG-MacFarlane Venture Eyes $10Bln in Washington-Area Investments
JBG Cos. and MacFarlane Partners have formed a venture that is planning $10 billion of development and redevelopment projects in the Washington, D.C., region. JBG of Chevy Chase, Md., has seeded the venture, JBG Urban LLC, with 93...
Time Equities Buys Another Manhattan Office for Condo Conversion
Time Equities Inc. has acquired an office building at 70 W. 36th St. in Manhattan, which it is converting to office condominiums. This is the New York investment firm's second Manhattan office-condo conversion in the past year.Earlier this...
Horizon Group Pays $59.1Mln for 3 Outlet Shopping Centers
Horizon Group Properties, Inc. has paid $59.1 million for three retail properties totaling 673,587 square feet.The purchase price includes $53 million of existing debt. The Rosemont, Ill., firm bought the properties from an affiliate of Prime Retail Inc....
Venture Sells Orange County, Calif., Retail Center for $100Mln
A joint venture between Birtcher Development & Investments and Buchanan Street Partners has sold the South Coast Home Furnishings Centre, a 300,000-square-foot retail property in Costa Mesa, Calif., for $100 million.A Costa Mesa private group purchased the property....
Security Properties Pays $53Mln for Suburban Los Angeles Apartments
An affiliate of Security Properties has paid $53 million for Torrey Pines, a 250-unit apartment complex in the Los Angeles suburb of Covina, Calif.The Seattle real estate firm purchased the property from an undisclosed seller. It funded the...
$750Mln Mixed-Use Project Planned for Suburban St. Louis
McEagle Properties LLC is developing a massive mixed-use property valued at about $750 million in the St. Louis suburb of Shiloh, Ill. The O'Fallon, Mo., firm is developing the 586-acre Village of Shiloh complex east of Green Mount...
Scottsdale, Ariz., Apartment Complex Sold for $49Mln
Security Properties Inc. has paid $49 million for the Sonoran Vista Apartments, a 264-unit apartment complex in Scottsdale, Ariz.The Seattle firm purchased the property from an undisclosed seller. It funded the acquisition with $40 million of financing provided...
Houston Office Portfolio Sells for $31.6Mln
Carmel Village Retirement Residences has paid $31.6 million for a portfolio of four Houston office buildings totaling 378,127 square feet. The Houston firm purchased the portfolio from Mammoth Equities of San Juan Capistrano, Calif., which marketed it through...
Triple Net Buys Apartments, Office
Triple Net Properties has completed the purchase of a 252-unit apartment complex in North Carolina and a 153,000-square-foot office property in Illinois, on behalf of tenant-in-common investors.The Santa Ana, Calif., company acquired River Ridge in Asheville, N.C., from...
Fannie Provides $61.3Mln of Debt for Calif. Apartments
Fannie Mae has provided a total of $61.3 million of financing for a pair of apartment properties with 432 units in San Jose, Calif.The neighboring properties, Ellmar Oaks, with 266 units, and Capitol Village, with 166 units, were...
Ken Witkin Named President, CEO of CBRE Realty
Kenneth J. Witkin, a senior executive with Bank of America's commercial real estate banking group, has been named president and chief executive of CBRE Realty Finance, a Hartford, Conn., mortgage REIT.Witkin, a 25-year veteran of the commercial mortgage...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
