Puget Sound Business Journal Oso Capital Advisors has paid $45 million, or $227,272/unit, for Bower Village, a 198-unit apartment property in Kent, Wash. The Reno, Nev., investor acquired the property, at 24006 108th Place SE, from Rise Properties...
Commercial Observer Caprice Holdings, a London owner/operator of restaurants and clubs, has paid $100 million, or $3,333/sf, for the Triangle Loft building at 675 Hudson St. in Manhattan's Meatpacking District. The company plans to convert the property, a...
Bridge Investment Group has paid $85 million, or $314,815/unit, for the 270-unit Masons Keepe apartment property in the Washington, D.C., suburb of Manassas, Va. The Salt Lake City investment manager, which was acquired by Apollo Global Management last year,...
Portland Business Journal Sentinel Real Estate Corp. has paid $66 million, or $417,721/unit, for the 158-unit Willow Apartments in Lake Oswego, Ore., about nine miles south of Portland, Ore. The New York investor acquired the property, at 5600...
Jacksonville Business Journal Merritt Properties has paid $89.8 million, or $166.98/sf, for Center Point Business Park, a 537,800-square-foot industrial property in Jacksonville, Fla. The Baltimore company bought the 11-building complex from Plymouth Industrial REIT of Boston in a...
Atlanta Business Chronicle Key Real Estate Co. has paid $101 million, or $347,079/unit, for Porter Brookhaven, a 291-unit apartment property in the Atlanta suburb of Brookhaven, Ga. The New Orleans company purchased the property from its developer, Wood...
East Valley Now Camden Property Trust has paid $124.5 million, or $389,062/unit, for the Tyler, a 320-unit apartment property in Gilbert, Ariz., a southeastern suburb of Phoenix. The Houston REIT acquired the property from its developer, StreetLights Residential....
The Real Deal JPMorgan Asset Management is looking to sell its 49% stake in the 1 million-square-foot 605 Third Ave. office building in Midtown Manhattan. The investment manager, which owns its stake in the property on behalf of...
Commercial Real Estate Direct Staff Report Namdar Realty Group has acquired the distressed $91.81 million mortgage against the 1.47 million-square-foot Gateway Center office complex in downtown Pittsburgh. The loan was one of two remaining in the collateral pool...
Commercial Real Estate Direct Staff Report Cohen Asset Management has paid $98 million, or $189.58/sf, for Elliot Gateway, a 516,944-square-foot industrial property in Mesa, Ariz. The Los Angeles investment manager acquired the property from its developer, Trammell Crow...
General Investment and Development has paid $215.75 million, or $510,047/unit, for The Commodore, a 423-unit apartment complex in Arlington, Va. The Boston investment manager, commonly known as GID, purchased the 20-story property from Greystar of Charleston, S.C., in...
Hines Global Income Trust has paid $170 million, or $711.30/sf, for the 239,000-square-foot Design Center of the Carolinas mixed-use property in the South End area of Charlotte, N.C. The non-traded REIT affiliate of investment manager Hines of Houston...
Commercial Real Estate Direct Staff Report Premier Logistics Properties has paid $270 million, or $183.67/sf, for two industrial buildings with 1.47 million square feet at 1568 and 1660 North Linden Ave. in Rialto, Calif., within the state's Inland...
Crain's Chicago Business Habitat is offering for sale ONE333, a 305-unit apartment property in Chicago's South Loop neighborhood. The local company hired CBRE to market the property, which it bought in 2017 for $125.1 million. The property, at 1333...
Commercial Real Estate Direct Staff Report The real estate arm of brothers Michael and David Shabsels last month filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for the District of New Jersey. The unit, Damis Holdings...
Washington Business Journal An affiliate of Goldman Sachs has paid $142.3 million, or $562,451/unit, for The Milton, a 253-unit apartment building in Arlington, Va. The New York investor bought the 11-story property from Kimco Realty Corp. of Jericho,...
Washington Business Journal An affiliate of Columbia Sussex Corp. has paid $92.7 million, or $274,260/room, for the 338-room Westin Arlington Gateway in the Washington, D.C., suburb of Arlington, Va. The Crestview Hills, Ky., hotel owner purchased the 15-story...
Commercial Real Estate Direct Staff Report The $100.4 million CMBS loan against the Meadows Mall just northwest of the Las Vegas Strip has transferred to special servicer Midland Loan Services as it's maturing in the coming weeks. The...
Tampa Bay Business Journal Third Lake Partners has paid $135 million, or about $122.73/sf, for WestShore Plaza, a nearly 1.1 million-square-foot regional mall in Tampa, Fla. The Ybor City, Fla., investor acquired the retail property from WPG Inc....
Commercial Real Estate Direct Staff Report The sale of Los Angeles' 1.4 million-square-foot Bank of America Plaza office property has resulted in a loss of $175.87 million to the four CMBS trusts that held a $400 million loan...
PCCP has provided $51.8 million of financing against the 236-unit Everly at Morrison Ranch apartment property in the Phoenix suburb of Gilbert, Ariz. The property, at 4353 East Elliot Road, was developed last year by a venture between...
M&T Realty Capital Corp. has provided $141.4 million of financing against the recently completed 194-unit Anagram Turtle Bay apartment property in Manhattan. The loan allowed the property's developer—a venture of Global Holdings, Safanad, and MAG Partners, which is...
Commercial Property Executive Boyd Watterson Asset Management has paid $49 million, or $140/sf, for the 350,000-square-foot industrial building at 9560 Heartland Court in Columbus, Ohio. The Cleveland investment manager acquired the property from its developer, Prologis, a San...
Charlotte Business Journal Adler Real Estate Partners has bought four industrial buildings totaling 195,948 square feet in Charlotte, N.C., for $41.4 million, or $211.28/sf. The Miami commercial real estate investment firm purchased the buildings from Cabot Properties of...
Charlotte Business Journal Camden Property Trust has paid $89.3 million, or $260,350/unit, for the 343-unit Ello House apartment complex in Charlotte, N.C. The Houston REIT acquired the three-building property from its developer, Proffitt Dixon Partners of Charlotte. Ello...
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