Commercial Real Estate Direct Staff Report Weidner Apartment Homes has paid $112 million, or $341,463/unit, for Skywater at Town Lake, a 328-unit apartment property in Tempe, Ariz. The Kirkland, Wash., investor purchased the property from KB Development, which...
Commercial Real Estate Direct Staff Report Pacific Community Builders has paid $51.3 million, or $294,827/unit, for the Cambria, a 174-unit apartment property in Gilbert, Ariz. The Newport Beach, Calif., developer purchased the property from Bridge Investment Group of...
Bravo Property Trust has provided $46 million of financing to complete the construction of the 128-unit Allora apartment property at 281-289 Broadway in Bayonne, N.J. The short-term loan, which amounts to roughly 70 percent of the cost to...
Commercial Real Estate Direct Staff Report Primestor Development has paid $90 million, or $252.10/sf, for the 357,000-square-foot Esplanade Shopping Center in Oxnard, Calif. The Culver City, Calif., company purchased the property from an affiliate of DRA Advisors, which had...
REBusiness Online An affiliate of Urban Communities LLC has sold Urban 357, a 357-unit apartment property in Phoenix for $41 million, or $114,845/unit. The local company sold the property to a Nashville, Tenn., limited liability company in a...
Commercial Real Estate Direct Staff Report Blackstone Real Estate Partners X, which this morning had announced that it was buying Apartment Income REIT Corp. in a deal valued at roughly $9 billion, late last week said it had received...
Atlanta Business Chronicle Shorenstein Properties is buying 14th + Spring, a vacant office building totaling 324,000 square feet in Atlanta's Midtown area. Greenstone Properties and an affiliate of Goldman Sachs' Merchant Banking Division is selling the 12-story property,...
Scale Lending has provided $150 million of financing to fund the completion of the 450-unit apartment project at 120 East 144th St. in the Mott Haven section of the Bronx, N.Y. The project, which is expected to be...
ConnectCRE Derby Copeland Capital has paid $60.25 million for a portfolio of four apartment buildings with 172 units in Manhattan. The New York investment manager acquired the properties from Page Management, also of New York, in a deal...
Commercial Real Estate Direct Staff Report Blackstone Real Estate Partners X has struck a deal to buy Apartment Income REIT Corp. for $39.12/share in cash in a deal valuing the Denver company at roughly $9.4 billion, including the...
Commercial Real Estate Direct Staff Report A sharp drop in deliveries this year should help push the office vacancy rate in New York City lower by 20 basis points to 16.5 percent, according to a projection by Marcus...
Commercial Property Executive A fund managed by Ares Management has paid $64 million, or $247.58/sf, for the 258,506-square-foot industrial property at 7400 West Hazard Ave. in Westminster, Calif. The Los Angeles investor purchased the property from Clarion Partners,...
SeaCoast Bank and Trustmark have provided $60 million of financing, allowing for construction to get underway on the proposed 212-unit McGinnis Ferry apartment property in Suwanee, Ga. The property will be built at 3108 McGinnis Ferry Road, just...
Commercial Real Estate Direct Staff Report An affiliate of Ziff Real Estate Partners has paid $26.5 million, or $223.16/sf, for Mercado at Scottsdale Ranch, a 118,751-square-foot shopping center in Scottsdale, Ariz. The sales price first was reported by...
Commercial Real Estate Direct Staff Report PGIM Real Estate has provided $53.5 million of financing against the 171-unit Theory U District student-housing property in Seattle. The financing pays a floating rate and allows the property's owner, Blue Vista...
Commercial Observer Stoltz Real Estate Partners has paid $41 million, or $107.04/sf, for the 383,000-square-foot warehouse at 10000 Franklin Square Drive in the Baltimore suburb of Nottingham, Md. The Bala Cynwyd, Pa., investor bought the property from TA...
Commercial Real Estate Direct Staff Report Two Apollo Global Management affiliates have provided $150 million of senior mortgage financing against the 416-unit apartment property at 116 John St. in lower Manhattan. The investment manager's Athene Annuity and Life...
Crain's Chicago Business David Gassman has sold a portfolio of 17 apartment properties with 300 units in Chicago for $72.4 million, or $241,333/unit. The local investor sold the properties to eight different buyers in deals brokered by Essex...
South Florida Business Journal Lurra Capital has bought the Queue Apartments, a 191-unit property in Fort Lauderdale, Fla., for $58.9 million, or about $308,377/unit. The Miami Beach, Fla., company purchased the property from Boardwalk Properties of Davie, Fla.,...
PCCP LLC has provided $53.5 million of financing for the construction of the 204,407-square-foot Belleville Logistics industrial property in the northern New Jersey township of Belleville. The two-building property is being developed on a speculative basis by Lincoln...
Rentv.com Housing Authority of the City of Los Angeles has paid $43.44 million, or $362,000/unit, for the 120-unit apartment property at 349 South La Fayette Park Place in Los Angeles. The housing department purchased the property from California...
Commercial Real Estate Direct Staff Report The 218,718-square-foot Plainsboro Plaza retail center in the central New Jersey township of Plainsboro, N.J., just east of Princeton, N.J., has sold for $42.2 million, or nearly $193/sf. The property, constructed in...
The Real Deal A venture of REDA Residential and an undisclosed partner has paid $49 million, or $720.59/sf, for Fox Hills Plaza, a 68,000-square-foot retail center in Culver City, Calif. REDA, of Newport Beach, Calif., purchased the property...
The White Lily Flats apartment building, with 45 units at 222 North Central St. in the Old City section of Knoxville, Tenn., has changed hands for $12.75 million, or $283,333/unit, according to Knoxville records. Jackson Central Group of...
KeyBank has provided a $54.9 million loan under the U.S. Department of Housing and Urban Development's 223(f) program for the 283-unit Grandview Terrace Apartments in the Journal Square neighborhood of Jersey City, N.J. The property, at 222 Saint...
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