RECENT NEWS
San Diego Office, Research Property Sells for $23.7Mln
The Sycamore Creek Research Park, an 80,123-square-foot office/research property in San Diego, has sold for $23.7 million.A private investor purchased the three-building property from an entity operating as Sorrento Business & Science Center LLC. Grubb & Ellis brokered...
IStar Sells Stake in Detroit’s Comerica Tower to Mayfield Gentry
Commercial Real Estate Direct Staff ReportIStar Financial has sold a minority stake in Detroit's Comerica Tower office building to investment manager Mayfield Gentry Realty Advisors. IStar acquired the 941,354-square-foot building at One Detroit Center three months ago in...
GE Lends $156Mln for Apartment Portfolio
The Bethany Group has lined up $156.6 million of financing for a 1,559-unit apartment portfolio located throughout the Southeastern United States.The Irvine, Calif., investor received the financing from GE Real Estate. The fixed-rate debt package consists of an...
CMBS Delinquency Level Falls in June to $2.27Bln
Commercial Real Estate Direct Staff ReportThe volume of delinquent CMBS fell in June to $2.27 billion from $2.4 billion a month earlier, according to Realpoint.The reduction in volume was due in large part to the liquidation of $62.5...
Indianapolis Apartment Complex on Sales Block for $22.5Mln
Davis Homes is offering for sale Harrison Place, a 307-unit apartment complex in Indianapolis.The Indianapolis firm has tapped Marcus & Millichap to market the complex. It carries an asking price of $22.5 million, or $73,290/unit.Davis is said to...
Suburban Los Angeles Apartment Portfolio on Sales Block for $60.5Mln
A portfolio of suburban Los Angeles apartment properties totaling 304 units is on the sales block for $60.5 million.An undisclosed seller has tapped Marcus & Millichap to market the five-property portfolio. It consists of three properties in Encino,...
SVN Equities Pays $60.6Mln for Suburban Atlanta Industrial Portfolio
SVN Equities has paid $60.6 million for 1 million square feet of industrial space in Norcross, Ga.The Irvine, Calif., real estate firm acquired the 19-building portfolio from General Investment & Development Cos. Colliers Spectrum Cauble represented both the...
Triple Net Acquires Suburban Houston Medical Office Building
Triple Net Properties has purchased the Sugar Land Medical Center, an 80,000-square-foot medical office building in the Houston suburb of Sugar Land, Texas.A sales price was not disclosed. The Santa Ana, Calif., firm purchased the three-story building from...
CT Realty Pays $11.5Mln for Calif. Office Building
CT Realty Corp. has paid $11.5 million for a 44,790-square-foot office building in Laguna Hill, Calif. The Newport Beach, Calif., company bought the two-story office building on behalf of its CT California Fund V from a division of...
Bayrock Increases Stake in 4Mln-SF Miami Mixed-Use Project
Bayrock Group has purchased an increased stake in Midtown Miami, a 4 million-square-foot mixed-use complex in Miami.The New York firm bought out the partnership interest of Samuel Development, one of the three firms constructing the project. The size...
Indianapolis Apartment Complex on Sales Block for $22.5Mln
Davis Homes is offering for sale Harrison Place, a 307-unit apartment complex in Indianapolis.The Indianapolis firm has tapped Marcus & Millichap to market the complex. It carries an asking price of $22.5 million, or $73,290/unit.Davis is said to...
Triple Net Acquires Suburban Houston Medical Office Building
Triple Net Properties has purchased the Sugar Land Medical Center, an 80,000-square-foot medical office building in the Houston suburb of Sugar Land, Texas.A sales price was not disclosed. The Santa Ana, Calif., firm purchased the three-story building from...
Suburban Los Angeles Apartment Portfolio on Sales Block for $60.5Mln
A portfolio of suburban Los Angeles apartment properties totaling 304 units is on the sales block for $60.5 million.An undisclosed seller has tapped Marcus & Millichap to market the five-property portfolio. It consists of three properties in Encino,...
SVN Equities Pays $60.6Mln for Suburban Atlanta Industrial Portfolio
SVN Equities has paid $60.6 million for 1 million square feet of industrial space in Norcross, Ga.The Irvine, Calif., real estate firm acquired the 19-building portfolio from General Investment & Development Cos. Colliers Spectrum Cauble represented both the...
CT Realty Pays $11.5Mln for Calif. Office Building
CT Realty Corp. has paid $11.5 million for a 44,790-square-foot office building in Laguna Hill, Calif. The Newport Beach, Calif., company bought the two-story office building on behalf of its CT California Fund V from a division of...
Bayrock Increases Stake in 4Mln-SF Miami Mixed-Use Project
Bayrock Group has purchased an increased stake in Midtown Miami, a 4 million-square-foot mixed-use complex in Miami.The New York firm bought out the partnership interest of Samuel Development, one of the three firms constructing the project. The size...
KBS Pays $124.5Mln for Opus Industrial Portfolio
KBS REIT has paid $124.5 million for a 2.3 million-square-foot industrial portfolio. The Newport Beach, Calif., REIT acquired the properties from Opus Corp., a Minneapolis developer, which marketed the portfolio through CB Richard Ellis.The nine-property portfolio consists of properties...
Apollo Purchases San Francisco’s 444 De Haro
Apollo Real Estate has purchased 444 De Haro, a 140,178-square-foot office building in San Francisco.The New York firm purchased the building on behalf of its Value Enhancement Fund VI from a joint venture between Divco West and Flynn...
Suburban Orlando, Fla., Office Park on Sales Block for $47Mln
Blue Water Park, a 154,245-square-foot office park in suburban Orlando, Fla., is on the sales block.An unidentified seller has tapped DTZ Rockwood to market the three-building property, which carries an asking price of $47 million.The property consists of...
Westport, Pru Venture Pays $60Mln for Boston Office Building
A venture between Westport Point Capital and Prudential Real Estate will pay $60 million for Two Oliver St., a 220,000-square-foot office property in downtown Boston.The Boston firm is purchasing the building from J.E. Robert Cos. of McLean, Va.,...
Fort Worth, Texas, Apartments Sells for $15.1Mln
Lagovent Real Estate Group has paid $15.1 million for the Vistas at Fort Worth, a 265-unit apartment complex in Fort Worth, Texas. The Los Angeles firm purchased the property from Tarragon Realty Inc. of New York. Vistas at...
KBS Pays $124.5Mln for Opus Industrial Portfolio
KBS REIT has paid $124.5 million for a 2.3 million-square-foot industrial portfolio. The Newport Beach, Calif., REIT acquired the properties from Opus Corp., a Minneapolis developer, which marketed the portfolio through CB Richard Ellis.The nine-property portfolio consists of properties...
Apollo Purchases San Francisco’s 444 De Haro
Apollo Real Estate has purchased 444 De Haro, a 140,178-square-foot office building in San Francisco.The New York firm purchased the building on behalf of its Value Enhancement Fund VI from a joint venture between Divco West and Flynn...
Forest City Sells Assisted-Living Portfolio for $607Mln
Forest City Enterprises Inc. has agreed to sell 12 assisted-living properties totaling 1,628 units to Atria Senior Living for $607 million.Forest City of Cleveland will sell 11 properties in the metropolitan New York area and one Florida property....
Westport, Pru Venture Pays $60Mln for Boston Office Building
A venture between Westport Point Capital and Prudential Real Estate will pay $60 million for Two Oliver St., a 220,000-square-foot office property in downtown Boston.The Boston firm is purchasing the building from J.E. Robert Cos. of McLean, Va.,...
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