Connect CRE Invesco Real Estate has paid $99.5 million, or $122.19/sf, for Crossroads Logistics Park, an 814,320-square-foot industrial property in Spartanburg, S.C. The Atlanta investment manager acquired the three-building property from a venture of Brennan Investment Group of...
Crain's Chicago Business Laramar Group has paid $165.7 million, or $252,591/unit, for Eleven Thirty, a 656-unit apartment property in Chicago's South Loop neighborhood. The local investor acquired the property, at 1130 South Michigan Ave., from its developer Draper...
Dwight Mortgage Trust has provided $70 million of financing against the recently renovated Cosmo 440 apartment property, with 216 units in Newark, N.J. The loan was arranged by Drew Capital of Jackson, N.J. It allowed a group led...
The Real Deal L.A. Care, a Los Angeles healthcare provider that occupies all the office space at the mixed-use building at 1200 West 7th Ave. in downtown Los Angeles, has purchased a $200 million distressed loan against the...
Majestic Realty has paid $27.25 million, or $479.63/sf, for the 56,815-square-foot office and research and development property at 401 Coral Circle in El Segundo, Calif., about 18 miles south of Los Angeles. The City of Industry, Calif., company acquired the property, while executing a...
Commercial Real Estate Direct Staff Report Waterton has paid $155 million, or $450,581/unit, for Arrivé, a 344-unit apartment property in Seattle's Belltown neighborhood. The Chicago investor acquired the 43-story property, at 2116 4th Ave., from its developer, an...
Minneapolis/St. Paul Business Journal Enverra Real Estate Partners has paid $83.9 million, or $163.50/sf, for four buildings totaling 513,000 square feet at the West End Office Park in St. Louis Park, Minn. The Dallas investment firm acquired the...
South Florida Business Journal Fairfield Residential has paid $208 million, or $256,158/unit, for the 812-unit Portofino Place apartment complex in West Palm Beach, Fla. The San Diego apartment owner purchased the property from affiliates of Cortland Partners of...
Commercial Observer A venture of Banyan Street Capital and Independencia Asset Management has lined up $53.5 million of financing for Doral Center, a 290,000-square-foot office property in Doral, Fla. Wells Fargo Bank provided the loan, which was arranged...
Commercial Observer Capodagli Property Co. has lined up an $82.6 million bridge loan against Meridia Roselle Park 10, a 325-unit apartment property in Roselle Park, N.J., near Newark Liberty International Airport. PGIM Real Estate of Newark, N.J., provided...
Commercial Real Estate Direct Staff Report An affiliate of Nuveen Real Estate has paid $170.35 million for a pair of industrial properties with 1.11 million square feet within the Park303 complex in Glendale, Ariz. The New York investment...
Hawkins Way Capital has paid $51.5 million, or $735,714/unit, for the 70-unit student-housing building at 131 East 12th St. in Manhattan's Greenwich Village. The 16-story building, with a 286-bed capacity, was purchased from the New School, which operates...
Freestone Capital has paid $32.25 million, or $304,245/unit, for Aperture on Fifth, a 106-unit apartment property in downtown Seattle. The local wealth manager, which invests in real estate through its Freestone LP Real Estate Fund, acquired the property...
Commercial Real Estate Direct Staff Report The $328.73 million CMBS loan against the Westfield Montgomery Mall in the Washington, D.C., suburb of Bethesda, Md., has been paid off. The loan was securitized through WFLD Mortgage Trust, 2014-MONT, and...
Boston Business Journal Draper Labs has paid $45 million, or $428.57/sf, for 105,000 square feet of laboratory and office space at 1 Hampshire St. in Cambridge, Mass. Alexandria Real Estate Equities, a Pasadena, Calif., REIT, was the seller....
Philadelphia Business Journal MLP Ventures and Lubert-Adler Real Estate Partners are offering for sale the Uptown Worthington mixed-use development in the Philadelphia suburb of Malvern, Pa. JLL has been tapped to market the property, at 455 Carnegie Blvd.,...
Northern Management has paid $31 million, or $166,667/unit, for the 186-unit Harbor Estates apartment property in Sheboygan, Wis. The Brookfield, Wis., developer bought the property from a venture of Harmoniq Residential of Milwaukee and Midloch Investment Partners of...
Morgan Stanley and Barclays Capital have provided $575 million of financing against the 823,856-square-foot office component of the 53-story Winthrop Center mixed-use building in downtown Boston. The five-year loan requires only interest payments for its full term and...
Philadelphia Business Journal A venture of Clearview Hotel Capital and Oaktree Capital Management has lined up $57 million of financing for the Sofitel Philadelphia at Rittenhouse Square hotel in Philadelphia. Simmons Bank provided the loan, which was arranged...
Crain's Chicago Business A venture of RPM Living and New York Life's real estate investment arm has paid $99 million, or $335,593/unit, for the 295-unit Everly at Yorktown Apartments in the Chicago suburb of Lombard, Ill. RPM, of...
Louisville Business First An affiliate of Enfield Capital Partners has paid $59 million, or $139,150/unit, for the 424-unit East Chase Apartments in Louisville, Ky. The Lincolnwood, Ill., investment firm acquired the property from Sentinel Real Estate Corp. in...
Tampa Bay Business Journal Spira Equity Partners has paid $58 million, or $219,697/unit, for the 264-unit Wyngate Apartments in St. Petersburg, Fla. The Seattle company bought the affordable housing complex from the Foundation for Affordable Housing of Bend,...
Multi-Housing News Barings has provided $250 million of financing against Museum House, a 506-unit apartment property in Seattle. Cushman & Wakefield secured the debt on behalf of the developers and owners, Westbank and OPTrust. The new financing allows...
South Florida Business Journal TH Doral Marketplace LLC has paid $83 million, or $933.23/sf, for Doral Marketplace, an 88,938-square-foot shopping center in Doral, Fla. The Dallas company, managed by attorney Jonathan Perlman, bought the property from SJC Ventures...
Multi-Housing News CEDARst Cos. and Bridge Investment Group have secured a $46.8 million Fannie Mae loan against the 190-unit Nash Apartments in San Diego. Greystone arranged the seven-year, fixed-rate loan, which takes out a $43.5 million construction loan that...
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