Commercial Observer GFP Real Estate has partnered with investment manager TPG on its $150 million purchase of the 776,448-square-foot office building at 222 Broadway in lower Manhattan. The venture bought the mostly vacant 31-story building from DWS, Deutsche...
The Real Deal CIM Group is offering for sale the 145,000-square-foot office property at 55 Hawthorne St. in San Francisco. The Los Angeles company has hired JLL to market the property, which it had purchased in 2016 for...
Valley National Bank, the Israel Discount Bank of New York and Nuveen Green Capital have provided $72 million of financing to fund the construction of a 275,000-square-foot cold-storage facility at 8730 Somers Road in Jacksonville, Fla. The property,...
Washington Business Journal A venture of DSC Partners and Harbert Management Corp. has bought the Forbes Center, a 785,000-square-foot office and industrial complex in Lanham, Md., for $86.4 million, or about $110.06/sf. The venture purchased the 17-building property...
Commercial Real Estate Direct Staff Report EQT Exeter has paid $70.6 million, or $193.42/sf, for four industrial buildings totaling 365,000 square feet within Gayteway Business Park in Arlington, Wash. The Radnor, Pa., investment manager purchased the properties from...
Commercial Real Estate Direct Staff Report JPMorgan Chase Bank, Barclays Capital, Goldman Sachs and Societe Generale have provided $360 million of financing against St. Johns Town Center, a 1.4 million-square-foot open-air shopping mall in Jacksonville, Fla. The 10-year...
Commercial Real Estate Direct Staff Report Marcus & Millichap's Institutional Property Advisors division has arranged $72.24 million of financing for the development of the La Vista City Centre mixed-use project in La Vista, Neb., which is just southwest...
Commercial Real Estate Direct Staff Report Midway Logistics Portland LP has paid $32.5 million, or $153.29/sf, for the 212,015-square-foot Swan Island Industrial Park in Portland, Ore. Midway Logistics is an investor group led by Dean J. Moser of...
South Florida Business Journal An affiliate of Cortland Partners has paid $62.55 million, or $260,625/unit, for Harbour Cove, a 240-unit apartment complex in Pembroke Pines, Fla. The Atlanta company purchased the property from an affiliate of Eaton Vance,...
Commercial Real Estate Direct Staff Report Colliers has arranged $24.4 million of financing for the construction of the 136-unit Kingsley Apartments in Los Angeles. The financing has a 30-month term and pays a coupon pegged to SOFR plus...
Commercial Real Estate Direct Staff Report Microvention Inc. has paid $44.25 million, or $182.32/sf, for 45 Enterprise, a 242,706-square-foot office property in Aliso Viejo, Calif. The medical-device company purchased the property from Pacific Life Insurance Co., which was...
Dallas Business Journal New York Life has provided a $79 million loan to DRA Advisors for its purchase of a portfolio of eight industrial buildings totaling 848,261 square feet in the Dallas suburb of Richardson, Texas. DRA, a...
The Real Deal An affiliate of Equity Group Investments is offering for sale Cobbler Square Lofts, a 292-unit apartment property in Chicago. The local investment firm has hired JLL to market the property at 1350 North Wells St....
Prime Residential has paid $62.1 million, or $398,076/unit, for the 156-unit AVA North Hollywood apartment property in the North Hollywood area of Los Angeles. The San Francisco owner and operator of apartments bought the property, at 5077 Lankershim...
Commercial Real Estate Direct Staff Report A venture of the Community Solution Education System and the Chicago School has paid $38.5 million, or $155.87/sf, for the 247,000-square-foot office property at 400 South Jefferson St. in Chicago. The local...
BisNow EOS Hospitality's $177 million, or nearly $962,000/room, stalking-horse bid for the 184-room William Vale Hotel in the Williamsburg section of Brooklyn, N.Y., has gotten bankruptcy-court approval. The property, at 111 North 12th St., was developed in 2016...
Driftwood Capital has provided $34.8 million of mezzanine financing against the 836-room Miami Airport Marriott Connection hotel complex in Miami. The Coral Gables, Fla., company funded the loan through its Driftwood Lending Partners LP investment fund, which has...
A venture of Trinity Real Estate Investments and Credit Suisse is lining up $575 million of financing against the 1,000-room Diplomat Beach Resort in Hollywood, Fla. The financing consists of a $452 million mortgage from Citi Real Estate...
Commercial Real Estate Direct Staff Report A venture of Intercontinental Real Estate Corp. and Kennedy Wilson has paid $71.8 million, or $109.46/sf, for Stockton Commerce Center, a 655,976-square-foot industrial property in Stockton, Calif. Intercontinental, of Boston, and Kennedy...
Commercial Real Estate Direct Staff Report Keystone Property Group, which owns the 222,888-square-foot Corporate Center at Moorestown office property in southern New Jersey, is in talks with its lender regarding possibly selling it. The Conshohocken, Pa., investment manager...
Commercial Real Estate Direct Staff Report Chatham Lodging Trust has paid off the $34.88 million CMBS loan against its 112-unit Residence Inn Mountain View hotel in California's Silicon Valley. The loan was securitized through JPMBB Commercial Mortgage Securities...
Commercial Real Estate Direct Staff Report Host Hotels & Resorts Inc. has agreed to pay $630 million, or $1.4 million/room, for the 450-room Turtle Bay Resort and $50 million for a 49-acre development site, both in Kahuku, Hawaii....
Washington Business Journal Frontier Development & Hospitality Group has paid $40.8 million, or $218,181/room, for the 187-room Cambria Hotel at 899 O St. NW in Washington, D.C. The Washington investor acquired the property from Concord Hospitality of Raleigh,...
Commercial Real Estate Direct Staff Report A sharp drop in occupancy has contributed to the 70 percent drop in the appraised value of the 16,500 square feet of ground-floor retail space at 735 Sixth Ave. in Manhattan's Flatiron...
Commercial Real Estate Direct Staff Report Having lost its sole tenant, the 61,375-square-foot office building at 57 East 11th St. in Manhattan's Greenwich Village area has had its appraised value slashed by nearly 77 percent to $17.8 million....
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