Interwest Capital Group has paid $28.5 million, or $148,438/unit, for the 192-unit Reserve at Creekside apartment property at 1340 Reserve Way in Chattanooga, Tenn. The San Diego investment manager bought the property from Independence Realty Trust of Philadelphia,...
HotelBusiness.Com A venture that includes Guidry Land Partners has purchased a pair of hotels with a total of 410 rooms in New Orleans' Arts/Warehouse district for $73 million, or about $178,049/room. Guidry, which is led by Robert J....
Sunstone Hotel Investors Inc. has closed on its $230 million, or $365,079/room, purchase of the Hyatt Regency San Antonio Riverwalk hotel in downtown San Antonio. The Aliso Viejo, Calif., REIT purchased the 630-room property from Hyatt Hotels Corp., which...
Kennedy Wilson and Related Fund Management have provided $141.5 million of financing for the construction of the 329-unit NoMad Residences Wynwood in Miami's Wynwood Arts District. The property, for which ground was broken last September, is the first apartment...
Commercial Real Estate Direct Staff Report Freddie Mac funded $9 billion of loans against apartment properties during the first quarter, down from $16 billion in the fourth quarter, but up 50 percent from the $6 billion it had...
Commercial Real Estate Direct Staff Report JCR Cos. has paid $26.65 million, or $195.21/sf, for Promenade at Highlands Ranch, a 136,521-square-foot shopping center in Highlands Ranch, Colo. The Washington, D.C., investor purchased the property in a deal brokered...
The Real Deal A venture of MDC Realty Advisors and an affiliate of Nicola Wealth Management is offering for sale the 380,000-square-foot office building at 6250 North River Road in Rosemont, Ill. MDC, of Calgary, Alberta, and Nicola,...
San Francisco Business Times Hudson Pacific Properties has paid $43.5 million for the 45 percent stake it did not already own in 1455 Market St. in San Francisco. Canada Pension Plan Investment Board sold the stake, which it...
Commercial Real Estate Direct Staff Report An affiliate of Christopher Todd Capital has paid $56.9 million, or $262,212/unit, for Cottages at McDowell, a built-to-rent property with 217 units in Avondale, Ariz. The Mesa, Ariz., company purchased the property...
Bloomberg LP has renewed its lease, through 2040, for 946,815 square feet of office space at 731 Lexington Ave. in midtown Manhattan. The financial information company has housed its headquarters in the 1.3 million-sf mixed-use building since it...
Austin Business Journal Landmark Properties has added to its Austin, Texas, student-housing portfolio with its purchase of the Pointe on Rio. The Athens, Ga., real estate investor bought the off-campus property, with 321 beds in 122 units, from...
Houston Business Journal Wideman Co. has bought Jones on Main, a two-building office property with a combined 889,000 square feet in Houston. The Orlando, Fla., company purchased the property from Lionstone Investments of Houston. The sales price was...
Commercial Real Estate Direct Staff Report Apartment operating expenses in January had increased by 7.1 percent from a year ago, according to Yardi Matrix. The Santa Barbara, Calif., software and data company said the increase, to $8,950/unit annually...
Commercial Real Estate Direct Staff Report Paramount Group has negotiated the modification of the $575 million mortgage against the 1.6 million-square-foot office building at 60 Wall St. in lower Manhattan, as part of a plan to redevelop it....
Commercial Real Estate Direct Staff Report One City Centre, a 602,122-square-foot office building at 1021 Main St. in Houston, is under contract to be sold. That's according to a CMBS Newsflash by Morningstar Credit Analytics this morning. JLL has...
Crain's Chicago Business Macquarie is offering for sale the 156,263-square-foot office building at 111 West Illinois St. in Chicago. The Australian financial services firm has hired Cushman & Wakefield to market the property, which it took control of...
Commercial Real Estate Direct Staff Report A venture between a Kennedy Wilson investment fund and Haseko Corp. has acquired two multifamily properties with a combined 350 units in Vancouver, Wash., for a total of $74 million. Kennedy Wilson...
Commercial Real Estate Direct Staff Report Northmarq has provided $23.9 million of Freddie Mac financing to facilitate the purchase, by Harbert Management, of the 122-unit Fremont City Center apartment property in Fremont, Calif. Harbert, a Birmingham, Ala., investment...
Commercial Real Estate Direct Staff Report Fannie Mae funded $10.1 billion of multifamily loans during the first quarter, just shy of the $10.2 billion it funded during the same period a year ago and $11.2 billion during the...
Multi-Housing News Tara Capital has paid $63 million, or about $77,778/unit, for Park at Voss, an 810-unit apartment property in Houston's Westchase area. The local real estate investor lined up $55.5 million of financing from BridgeInvest of Miami...
Commercial Real Estate Direct Staff Report Macerich Co. has negotiated a three-year term extension of the $84.37 million mortgage against the Fashion Outlets of Niagara Falls, taking the loan's maturity to October 2026. It would be the second...
Commercial Real Estate Direct Staff Report Greystone & Co. has bought Lumi Hyde Park, a 259-unit apartment complex in Tampa, Fla., for $83 million, or about $320,462/unit. The New York investment manager purchased the five-story property from Conti...
Commercial Observer Hudson Bay Capital has provided a $155 million loan against the 725-room Lexington Hotel in midtown Manhattan. The property, at 511 Lexington Ave., is owned by a venture of Island Capital Group, MCR Hotels and Three...
Commercial Real Estate Direct Staff Report An affiliate of Columbus Properties Inc. has paid $86.1 million, or $279.11/sf, for 24th at Camelback, a 308,481-square-foot office property in Phoenix. The New York investor, an affiliate of Germany's Geschwister Oetker...
Host Hotels & Resorts Inc. has paid $530 million, or $735,090/room, for a two-hotel complex with 721 rooms in Nashville, Tenn. The Bethesda, Md., REIT bought the property, comprised of the 215-room 1 Hotel Nashville and 506-room Embassy...
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