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,...
Commercial Real Estate Direct Staff Report Colliers has arranged $24.4 million of financing for the construction of the 136-unit Kingsley Apartments in Los Angeles. The financing has a 30-month term and pays a coupon pegged to SOFR plus...
Commercial Real Estate Direct Staff Report Microvention Inc. has paid $44.25 million, or $182.32/sf, for 45 Enterprise, a 242,706-square-foot office property in Aliso Viejo, Calif. The medical-device company purchased the property from Pacific Life Insurance Co., which was...
Dallas Business Journal New York Life has provided a $79 million loan to DRA Advisors for its purchase of a portfolio of eight industrial buildings totaling 848,261 square feet in the Dallas suburb of Richardson, Texas. DRA, a...
The Real Deal An affiliate of Equity Group Investments is offering for sale Cobbler Square Lofts, a 292-unit apartment property in Chicago. The local investment firm has hired JLL to market the property at 1350 North Wells St....
Prime Residential has paid $62.1 million, or $398,076/unit, for the 156-unit AVA North Hollywood apartment property in the North Hollywood area of Los Angeles. The San Francisco owner and operator of apartments bought the property, at 5077 Lankershim...
Commercial Real Estate Direct Staff Report A venture of the Community Solution Education System and the Chicago School has paid $38.5 million, or $155.87/sf, for the 247,000-square-foot office property at 400 South Jefferson St. in Chicago. The local...
BisNow EOS Hospitality's $177 million, or nearly $962,000/room, stalking-horse bid for the 184-room William Vale Hotel in the Williamsburg section of Brooklyn, N.Y., has gotten bankruptcy-court approval. The property, at 111 North 12th St., was developed in 2016...
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