Commercial Real Estate Direct Staff Report Bloomberg Philanthropies has been identified as the buyer of the 130,478-square-foot mixed-use building at 980 Madison Ave. in Manhattan. The organization is led by Michael Bloomberg, former mayor of New York City...
Commercial Real Estate Direct Staff Report Visitations to Manhattan office buildings in April were 25 percent less than the same time period in 2019, and compares to April 2023, when visits lagged 2019's pace by 30 percent, according...
The Real Deal Swift Real Estate Partners has paid $47.7 million, or $264.12/sf, for the 180,600-square-foot office building at 200 Rollins Road in Millbrae, Calif. The San Francisco company purchased the property from Urban Republic Properties. The building...
Commercial Real Estate Direct Staff Report EQT Exeter Real Estate Income Trust has paid $60.9 million, or $135.44/sf, for the 449,642-square-foot industrial property at 110 SE Inner Loop Road in Georgetown, Texas. The Radnor, Pa., non-traded REIT purchased...
Commercial Real Estate Direct Staff Report Decron Properties has paid $99 million, or $414.66/sf, for Mira Mesa Market West Shopping Center, a 238,747-square-foot retail property in Mira Mesa, Calif. The Los Angeles investor purchased the shopping center from...
The Real Deal The Abu Dhabi Investment Authority is offering for sale The Edition Hotel in midtown Manhattan and is seeking $271 million for the 271-room property. The sovereign wealth fund had bought the property, at 5 Madison...
ConnectCRE BWE has arranged a total of $70.9 million of financing against apartment properties in Charlotte, N.C., and Marietta, Ga. Westplan Investors of Atlanta lined up $35.9 million against Accent Southtrail, a 304-unit property at 6026 Station Crossing...
Commercial Real Estate Direct Staff Report RFR Holding has sold the 130,478-square-foot mixed-use property at 980 Madison Ave. on Manhattan's Upper East Side for $560 million, or about $4,292/sf. The buyer, which was not immediately known, was represented...
A venture of Principal Financial Group and DLC Management has paid $86 million, or about $218.51/sf, for Colony Place, a 393,566-square-foot retail property in Plymouth, Mass. Principal, of Des Moines, Iowa, and DLC, of New York, purchased the...
Commercial Real Estate Direct Staff Report Curve Development has sold Cyrene at Fiddyment, a built-to-rent property with 152 units in Roseville, Calif., for $65 million, or $427,631/sf. Berkadia brokered the deal. The buyer could not yet be identified....
Jacksonville Business Journal Hillwood has paid $91.73 million, or $91.73/sf, for the 1 million-square-foot warehouse property within the Florida Gateway Logistics Park in Jacksonville, Fla. The Dallas developer bought the industrial building, at 9909 Pritchard Road, from CT...
Commercial Observer Federal Realty Investment Trust has paid $215 million, or $323.31/sf, for Virginia Gateway, a 665,000-square-foot shopping center in Gainesville, Va., about 35 miles west of Washington, D.C. The Bethesda, Md., REIT acquired the property, at 7342...
Commercial Real Estate Direct Staff Report Abacus Capital Group has paid $26.7 million, or $146,703/unit, for Thunderbird Village, a 182-unit apartment property in Vancouver, Wash. The New York investment firm purchased the property from NBP Capital of Los...
Commercial Real Estate Direct Staff Report TPG Angelo Gordon has paid $84 million, or $66.67/sf, for the SSW Advanced Technologies Portfolio, with seven industrial buildings totaling 1.26 million square feet in Tennessee, Indiana, Iowa and Kentucky. The New...
Commercial Real Estate Direct Staff Report Boston Properties Inc.'s leasing pipeline has nearly doubled to 1.7 million square feet since the end of March. The company, whose portfolio is comprised of office buildings that it terms "premier workplaces,"...
Commercial Observer A venture of TPG, Skylight Real Estate Partners, Cannon Hill Capital Partners has paid what is said to have been more than $100 million for the 205,000-square-foot office building at 101 Franklin St. in Manhattan's Tribeca...
Commercial Observer GFP Real Estate has partnered with investment manager TPG on its $150 million purchase of the 776,448-square-foot office building at 222 Broadway in lower Manhattan. The venture bought the mostly vacant 31-story building from DWS, Deutsche...
The Real Deal CIM Group is offering for sale the 145,000-square-foot office property at 55 Hawthorne St. in San Francisco. The Los Angeles company has hired JLL to market the property, which it had purchased in 2016 for...
Valley National Bank, the Israel Discount Bank of New York and Nuveen Green Capital have provided $72 million of financing to fund the construction of a 275,000-square-foot cold-storage facility at 8730 Somers Road in Jacksonville, Fla. The property,...
Washington Business Journal A venture of DSC Partners and Harbert Management Corp. has bought the Forbes Center, a 785,000-square-foot office and industrial complex in Lanham, Md., for $86.4 million, or about $110.06/sf. The venture purchased the 17-building property...
Commercial Real Estate Direct Staff Report EQT Exeter has paid $70.6 million, or $193.42/sf, for four industrial buildings totaling 365,000 square feet within Gayteway Business Park in Arlington, Wash. The Radnor, Pa., investment manager purchased the properties from...
Commercial Real Estate Direct Staff Report JPMorgan Chase Bank, Barclays Capital, Goldman Sachs and Societe Generale have provided $360 million of financing against St. Johns Town Center, a 1.4 million-square-foot open-air shopping mall in Jacksonville, Fla. The 10-year...
Commercial Real Estate Direct Staff Report Marcus & Millichap's Institutional Property Advisors division has arranged $72.24 million of financing for the development of the La Vista City Centre mixed-use project in La Vista, Neb., which is just southwest...
Commercial Real Estate Direct Staff Report Midway Logistics Portland LP has paid $32.5 million, or $153.29/sf, for the 212,015-square-foot Swan Island Industrial Park in Portland, Ore. Midway Logistics is an investor group led by Dean J. Moser of...
South Florida Business Journal An affiliate of Cortland Partners has paid $62.55 million, or $260,625/unit, for Harbour Cove, a 240-unit apartment complex in Pembroke Pines, Fla. The Atlanta company purchased the property from an affiliate of Eaton Vance,...
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