A venture of Slate Property Group and Avenue Realty Capital has paid $32 million, or $2 million/unit, for the 16-unit apartment property at 45 White St. in the Tribeca section of Manhattan. The venture acquired the property from...
Triangle Business Journal Vigilant Holdings Real Estate has bought the 262,400-square-foot Press building in Cary, N.C., for $58.3 million, or $222.18/sf. The New York company purchased the two-story flex lab and office property from Alloy Properties, a Dallas-based...
Commercial Real Estate Direct Staff Report The Simon Property Group venture that owns the Penn Square Mall in Oklahoma City has negotiated a two-year extension of the property's $310 million CMBS loan through January 2028. The loan, scattered...
Crain's Chicago Business Cedar Street is offering for sale two apartment properties with 522 units in Chicago. The local developer hired Berkadia to market the 342-unit Draper Apartments, at 5050 North Broadway, along with the Sally, with 180...
Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc. has lined up $425 million of mortgage financing against a portfolio of 12 of its enclosed shopping malls and one open-air center. The Chattanooga, Tenn., REIT is...
Commercial Real Estate Direct Staff Report Cousins Properties Inc. recorded 2.1 million square feet of leasing last year, marking the office REIT's best year since 2019. The Atlanta company has benefited from the corporate migration to the Sunbelt...
Commercial Real Estate Direct Staff Report An investor group led by Eagle Partners has paid $162.5 million for two neighboring age-restricted apartment properties with 551 units in Escondido, Calif., a northern suburb of San Diego. Eagle Partners, of...
Commercial Real Estate Direct Staff Report Realty Income Corp., which launched its debut commingled fund last year, has raised $1.5 billion from more than 40 investors for the open-ended vehicle, Realty Income U.S. Core Plus Fund LP. The...
Savills PLC has struck a deal to buy Eastdil Secured in a deal valued at $1.11 billion, giving it deep capital markets expertise in the United States and creating an institutional real estate advisory powerhouse. Savills, of London,...
Crain's Chicago Business Waterton has paid $85 million, or $431,472/unit, for Flair Tower, a 197-unit apartment property in Chicago's River North neighborhood. The local investor acquired the 26-story property from General Investment & Development, or GID, which bought...
The Real Deal Generation Essential Group has paid $69 million, or $456,953/room, for the 151-room Tribeca Hilton Garden Inn hotel in Manhattan. The subsidiary of French Media company AMTD Digital acquired the property from a venture of Hersha...
Northwell Health Inc. has agreed to pay $235.5 million, or $696.74/sf, for the vacant 338,000-square-foot Rego Park I retail property in Queens, N.Y. The healthcare company, the largest in New York State, is buying the property from Alexander's...
Commercial Real Estate Direct Staff Report The owner of the 2.78 million-square-foot Aon Center office property in downtown Chicago has indicated it won't be able to retire the property's $536 million loan at its maturity this summer. As...
Truist Bank has provided $68.25 million of financing against the 269-unit Millyard at Meadow Commons apartment property in Newington, Conn., about 10 miles south of Hartford, Conn. The five-year loan, which pays a fixed rate, was arranged by...
JLL Real Estate Capital has provided $125.54 million of Freddie Mac financing against the 244-unit Union Channel apartment property in the Gowanus section of Brooklyn, N.Y.The five-story property was developed last year at 240 Third Ave., the site...
Yuejie Inc. has paid $28.18 million, or $337.49/sf, for the 83,500-square-foot industrial property at 1800 South Anderson Ave. in Compton, Calif. The freight forwarding company, represented by Kidder Mathews, acquired the building from CSME Partners LLC, which was...
Ramsfield Hospitality Finance has provided $33.6 million of mortgage financing against the 175-room Hyatt Place Atlanta/Centennial Park in downtown Atlanta. The loan allows the property's developer and owner, a venture of Songy Highroads of Atlanta and Hyatt Hotels...
Houston Business Journal Fidelis Realty Partners has purchased Baybrook Village, a 278,842-square-foot shopping center in Webster, Texas. The Bellaire, Texas, company purchased the retail property from a venture of O'Connor Capital Partners and Wafra Inc., both of New...
Minneapolis/St. Paul Business Journal An affiliate of LaSalle Investment Management has paid $59 million for two age-restricted apartment properties with a combined 299 units in suburban Minneapolis. The Chicago investment manager acquired the properties from an affiliate of...
TD Securities expanded its office footprint at 125 Park Ave. in Midtown Manhattan by 51,081 square feet to a total of 181,447 sf. The investment bank was represented in the latest lease, which has a term of 10...
Dwight Capital has provided $54 million of financing under the U.S. Department of Housing and Urban Development's 223(f) program against the 92-unit Amara apartment property in the Astoria section of Queens, N.Y. The property, at 31-90 29th St.,...
Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Kroll Rating S&P Price % Yield % Final Pricing (bp) Bnch mrk A-1 7.72 30.00 3.20 AAA AAA AAA 99.99993 4.51814 +94 J-spread A-2 85.00...
Clipper Capital Group has paid $44.2 million, or $184,166/unit, for the 240-unit Apex at Twin Creek apartment property in Bellevue, Neb., a southern suburb of Omaha, Neb. The San Diego multifamily investor acquired the property, at 4002 Raynor...
Commercial Real Estate Direct Staff Report An increase in the expected losses from the resolution of the $368 million loan against the 1.76 million-square-foot Centre Square office property in Philadelphia has prompted Moody's Ratings to further downgrade the...
Harvey AI Corp. has added 92,663 square feet to the 185,326 sf it leases at the One Madison Ave. office property in Manhattan's Midtown South area, taking the 1.4 million-sf building to full occupancy. The building, constructed in...
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