JLL Real Estate Capital has provided $40.5 million of mortgage financing against the 300-unit Place at Silverbell Gateway apartment property in Tucson, Ariz. The loan pays a floating coupon and allows the property's owner, MC Cos. of Scottsdale,...
Commercial Real Estate Direct Staff Report An affiliate of Citivest Commercial has paid $25.25 million, or $133.13/sf, for the 189,670-square-foot Bear Creek Plaza shopping center in the southwest Oregon city of Medford. The Newport Beach, Calif., real estate...
Commercial Real Estate Direct Staff Report Savanna is close to getting additional time to line up a new mortgage to refinance the matured $463 million loan against its 682,988-square-foot 5 Bryant Park office building in midtown Manhattan. The...
Commercial Real Estate Direct Staff Report HSL Properties has paid $24.45 million, or $119,852/unit, for the 204-unit Vintage apartment property in Tucson, Ariz. The local company purchased the property, at 8225 East Speedway Blvd., from Phoenix investment manager...
Commercial Real Estate Direct Staff Report BKM Capital Partners has paid $167.85 million, or $188.73/sf, for a portfolio of eight industrial properties totaling 889,352 square feet in the Phoenix and Tempe, Ariz., areas. The Newport Beach, Calif., investment...
Crain's New York Business The venture of SL Green Realty Corp. and PGIM Real Estate that owns the 2.29 million-square-foot 11 Madison Ave. office building in Manhattan's Flatiron District is lining up a $1.4 billion refinancing for the...
Tampa Bay Business Journal A venture of Rockhill Management and Rockpoint has paid $95.55 million, or $319,565/room, for the Westin Tampa Waterside, a 299-room hotel in downtown Tampa, Fla. Rockhill, of Boston, and Rockpoint, of Dallas, purchased the...
Correction: The price paid was understated in a previous version of this story. South Florida Business Journal A fund affiliate of Blackstone Real Estate has paid just less than $300 million for the EAST Miami hotel in Miami's...
South Florida Business Journal An affiliate of Stockbridge Capital Group has bought Uptown Boca, a grocery-anchored lifestyle center in Boca Raton, Fla., for $118.43 million, or $786.43/sf. The San Francisco company purchased the 150,591-square-foot shopping center from a venture...
Tyko Capital has provided a $220 million loan against the 576-unit apartment property at 626 Newark Ave. in the Journal Square section of Jersey City, N.J. The property is owned by Namdar Group of Great Neck, N.Y. Walker...
Commercial Real Estate Direct Staff Report The San Francisco Centre retail and office property in the city's downtown area has had its appraised value lowered again, this time to $195 million—65% lower than the $558 million of mortgage...
Minneapolis/St. Paul Business Journal Scannell Properties has sold three industrial buildings totaling 428,016 square feet within the NorthPark Business Center in Brooklyn Park, Minn., for $63.5 million, or $148.36/sf. The buyer was not immediately known but is said...
Commercial Real Estate Direct Staff Report National average asking rents at multifamily properties declined in August by $1 to $1,755/unit, according to Yardi Matrix, culminating a seven-month streak of rate increases. Rents have risen by 2.6% since January, when...
Waterton has paid $89.5 million, or $340,304/unit, for the 263-unit Mason apartment property in Chicago's Fulton Market neighborhood. The local investment manager acquired the property from its developer, Marquette Cos. The purchase price was first reported by Crain's...
Commercial Real Estate Direct Staff Report Tarsadia Capital, which holds a 3.4% stake in Sunstone Hotel Investors Inc., is urging the Aliso Viejo, Calif., REIT to put its properties on the sale market or pursue a sale of...
Commercial Real Estate Direct Staff Report MG Properties has sold the 183-unit Canyon Villa Apartments in Chula Vista, Calif., for $73.75 million, or $403,005/unit. The buyer in the deal, which was brokered by Northmarq, could not be identified...
Class Amt $mln Sub Level % Avg Life (yrs) Rating Moody's Rating Fitch Rating Mstar DBRS Price % Yield % Final Pricing (bp) Bnch mrk A-2 100.00 30.00 4.74 Aaa AAA AAA 99.99997 4.3565 +78 J-spread A-3...
Charlotte Business Journal A Blackstone affiliate has paid $101.8 million, or $101.80/sf, for the 1 million-square-foot industrial property at 12220 Carolina Logistics Drive in Pineville, N.C. The New York investment giant purchased the property from Beacon Partners of Charlotte,...
Crain's New York Business Pamera Real Estate Partners GmbH has paid $49.5 million, or $926.29/sf, for the 53,439-square-foot mixed-use property at 640 Broadway in the NoHo section of Manhattan. The Munich family office bought the 129-year-old building, with...
Silicon Valley Business Journal Nvidia has paid $83.2 million, or $665.60/sf, for the 125,000-square-foot office property at 2701 San Tomas Expressway in Santa Clara, Calif. The technology and artificial intelligence company acquired it from Sobrato of Mountain View,...
Orange County Business Journal Cress Capital has paid $41 million, or $190.82/sf, for the 214,858-square-foot office building at 1301 Dove St. in Newport Beach, Calif., about 44 miles south of Los Angeles. The local company acquired it from...
Commercial Real Estate Direct Staff Report Steerpoint Capital has paid $71.5 million, or $98.35/sf, for 727,000 square feet of the 1.1 million-sf Shoppes at Carlsbad shopping mall in the San Diego suburb of Carlsbad, Calif. The Los Angeles...
Commercial Real Estate Direct Staff Report Northmarq has provided $50.12 million of Freddie Mac financing against the 240-unit River House Apartment Homes in the Los Angeles suburb of Santa Ana, Calif. The 10-year loan, which amortizes on a...
The Real Deal JPMorgan Asset Management has tapped Newmark to sell the 552,000-square-foot office building at 125 West 55th St. in Manhattan's Plaza District and is shooting for $270 million, or $489.13/sf. The investment manager purchased the property...
Commercial Property Executive INDUS Realty Trust has paid $116.7 million, or $159.52/sf, for three industrial properties totaling 731,571 square feet in Tolleson, Ariz., about 13 miles west of Phoenix. The New York company acquired the properties from Link...
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