RECENT NEWS
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....
Student Housing Property Near Mississippi State University on Sales Block
College Station, a 281-unit student housing portfolio in Starkville, Miss., is on the sales block.An undisclosed seller has tapped Marcus & Millichap to market the two-building complex near the campus of Mississippi State University. It carries a listing...
Congressional Subcommittee Approves Extending Terrorism Insurance Program
Commercial Real Estate Direct Staff ReportA U.S. House of Representatives subcommittee has approved a bill extending the federal backstop for insurers of terrorism risk.The Real Estate Roundtable has hailed the Financial Services subcommittee's approval of the Terrorism Risk...
Suburban Dallas Apartments on Sales Block for $25Mln
A Dallas investment group is offering for sale Villas of Highpointe, a 304-unit apartment complex in Lewisville, Texas.The group has tapped the Dallas office of Marcus & Millichap to market the 11-building property, which carries a listing price...
Student Housing Property Near Mississippi State University on Sales Block
College Station, a 281-unit student housing portfolio in Starkville, Miss., is on the sales block.An undisclosed seller has tapped Marcus & Millichap to market the two-building complex near the campus of Mississippi State University. It carries a listing...
Congressional Subcommittee Approves Extending Terrorism Insurance Program
Commercial Real Estate Direct Staff ReportA U.S. House of Representatives subcommittee has approved a bill extending the federal backstop for insurers of terrorism risk.The Real Estate Roundtable has hailed the Financial Services subcommittee's approval of the Terrorism Risk...
Suburban Dallas Apartments on Sales Block for $25Mln
A Dallas investment group is offering for sale Villas of Highpointe, a 304-unit apartment complex in Lewisville, Texas.The group has tapped the Dallas office of Marcus & Millichap to market the 11-building property, which carries a listing price...
W.P. Carey Pays $42.7Mln for Northern California Auto Repair School
W.P. Carey has paid $42.7 million for the 245,000-square-foot campus of Universal Technical Institute Inc. in the Sacramento suburb of Natomas, Calif. The New York investment firm is purchasing the campus from the Technical Institute, an auto-repair school...
Liberty Property Trust to Acquire Republic Property Trust in $900Mln Deal
Liberty Property Trust has agreed to acquire Republic Property Trust in a deal valued at roughly $900 million.The Malvern, Pa., REIT will pay $14.70 for each share of Republic common stock and assume $415 million of debt. That's...
ING Clarion Buys Ariz. Office Building for $40Mln
Commercial Real Estate Direct Staff ReportING Clarion Partners has acquired a 207,160-square-foot office building in Scottsdale, Ariz., for $40 million.Wind Realty Partners sold the property, Scottsdale Forum, which was marketed by Cushman & Wakefield.ING made the purchase on...
SL Green Sells 85 Percent Stake in Manhattan Property for $285Mln
Commercial Real Estate Direct Staff ReportSL Green Realty Corp. sold an 85 percent stake in 1372 Broadway in Manhattan for about $285 million to Wachovia.The New York REIT put the 508,000-square-foot office and showroom building up for sale...
Suburban Seattle Retail Property Sells for $70Mln
Panos Properties has paid $70 million for the Mill Creek Town Center, a 183,000-square-foot retail property in the Seattle suburb of Mill Creek, Wash.The Seattle firm purchased the 14-building property from Wakefield Commercial, which originally developed the center...
W.P. Carey Pays $42.7Mln for Northern California Auto Repair School
W.P. Carey has paid $42.7 million for the 245,000-square-foot campus of Universal Technical Institute Inc. in the Sacramento suburb of Natomas, Calif. The New York investment firm is purchasing the campus from the Technical Institute, an auto-repair school...
Liberty Property Trust to Acquire Republic Property Trust in $900Mln Deal
Liberty Property Trust has agreed to acquire Republic Property Trust in a deal valued at roughly $900 million.The Malvern, Pa., REIT will pay $14.70 for each share of Republic common stock and assume $415 million of debt. That's...
SL Green Sells 85 Percent Stake in Manhattan Property for $285Mln
Commercial Real Estate Direct Staff ReportSL Green Realty Corp. sold an 85 percent stake in 1372 Broadway in Manhattan for about $285 million to Wachovia.The New York REIT put the 508,000-square-foot office and showroom building up for sale...
Suburban Seattle Retail Property Sells for $70Mln
Panos Properties has paid $70 million for the Mill Creek Town Center, a 183,000-square-foot retail property in the Seattle suburb of Mill Creek, Wash.The Seattle firm purchased the 14-building property from Wakefield Commercial, which originally developed the center...
ING Clarion Buys Ariz. Office Building for $40Mln
Commercial Real Estate Direct Staff ReportING Clarion Partners has acquired a 207,160-square-foot office building in Scottsdale, Ariz., for $40 million.Wind Realty Partners sold the property, Scottsdale Forum, which was marketed by Cushman & Wakefield.ING made the purchase on...
Suburban Chicago Apartments Sell for $14.5Mln
JEM Realty Advisors has paid $14.5 million for Fox Crest, a 245-unit apartment complex in the Chicago suburb of Waukegan, Ill.The Los Angeles firm purchased the property from Apartment Investment & Management Co., of Denver, which marketed it...
TA Associates Pays $60.3Mln for Rockville, Md., Office Building
TA Associates Realty has paid $60.3 million for Research Plaza, a 227,114-square-foot office building in Rockville, Md.The Boston real estate firm purchased the property from a pension fund advised by LaSalle Investment Management, which marketed the property through...
Triple Net Pays $37Mln for Suburban Milwaukee Offices
Triple Net Properties has agreed to pay $37 million for One and Two Riverwood Place, a 196,000-square-foot office property in the Milwaukee suburb of Pewaukee, Wis.The Santa Ana, Calif., real estate firm is acquiring the two-building property from...
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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.
