Mesa West Capital has provided $81 million of mortgage financing for the 289-unit Emblem 120 apartment property at 120 Commerce Way in the Boston suburb of Woburn, Mass. The two-year-old property was developed on a 3.4-acre parcel by...
Charlotte Business Journal Vanguard Group has bought a 700,000-square-foot office campus that's currently under construction in Charlotte, N.C., for $117 million, or about $167.14/sf. The Malvern, Pa., investment company purchased the property from Centene Corp. of St. Louis....
Commercial Real Estate Direct Staff Report Just more than 4 million square feet of office space was leased in Manhattan during the first quarter, according to JLL. That's 22 percent less volume that was leased during the same...
SAK Developers has paid $47 million, or $305,194/room, for The Hampton Inn & Suites National Harbor/Alexandria Area hotel in the Washington, D.C., suburb of Oxon Hill, Md. The Ashburn, Va., developer acquired the property from Blackstone Group's BRE...
Commercial Real Estate Direct Staff Report The $112 million CMBS loan against the 284-room Hotel Bossert in Brooklyn, N.Y., is being offered for sale. The property was slated to be auctioned off at a Uniform Commercial Code foreclosure event...
Commercial Real Estate Direct Staff Report EQT Exeter has paid $197 million, or $240.54/sf, for the Commerce Way Distribution Center, an 819,004-square-foot industrial property in Fontana, Calif., in San Bernardino County and some 45 miles east of Los...
Commercial Real Estate Direct Staff Report Taicoon 1899 L Street LLC, an affiliate of Taicoon Property Partners, has paid $26.65 million, or $193.59/sf, for the 137,655-square-foot office building at 1899 L St. NW in Washington, D.C. The Arlington,...
Tampa Bay Business Journal Clarion Partners has bought TIA Logistics Center, a 245,000-square-foot warehouse in Tampa, Fla., for $48.95 million, or about $199.80/sf. The New York investor purchased the industrial property from a venture of Scannell Properties of...
Atlanta Business Chronicle RangeWater Real Estate has paid $62.8 million, or about $243,411/unit, for Provenza at Old Peachtree, a 258-unit apartment property in Suwanee, Ga., a suburb of Atlanta. The local apartment management company purchased the three-story property...
M&T Bank has provided a $414.8 million Freddie Mac loan for the 858-unit Brooklyn Crossing apartment property at 18 Sixth Ave. in the Prospect Heights section of Brooklyn, N.Y. The property is next to Prospect Park and the...
The Real Deal Crescent Heights has paid $80 million, or $404,040/unit, for the 198-unit apartment property at 850 North Lake Shore Drive in Chicago. The Miami developer purchased the property from JPMorgan Asset Management, which had acquired it...
Corner Lot Advisors has paid $85.5 million for two apartment buildings with 329 units in Bethesda, Md. The Bethesda multifamily specialist bought the two properties - the 245-unit building at 8200 Wisconsin Ave. and the 84-unit Middlebrooke Apartments...
Sonnenblick-Eichner Co. has arranged a $19.5 million senior loan against the 152-room Texican Court hotel in Irving, Texas. The loan, provided by Goldman Sachs, requires only interest payments for its five-year term and pays a coupon of 7.74...
REBusiness Online Stag Industrial Holdings LLC has paid $49.7 million, or $71.25/sf, for the 697,500-square-foot industrial building at 8778 LeSaint Drive in West Chester, Ohio. The Boston REIT purchased the property from Brookfield Properties. The building opened in...
Conor Lalor, a nearly 13-year veteran of Eastdil Secured, where he led the company's retail business in the Sunbelt and Eastern United States, has been hired by Newmark Group as president and head of retail capital markets for...
Bob Knakal is launching a new company, BK Real Estate Advisors, just weeks after his exit from JLL. News of his new venture was first reported in The Real Deal. Knakal, among the best-known investment-sales professionals in New York,...
Commercial Real Estate Direct Staff Report The City and County of San Francisco has agreed to lease 157,000 square feet of office space at the 1.03 million-sf building at 1455 Market St. in San Francisco. The 21-year lease...
Multi-Housing News IMT Capital has paid $96 million, or $400,000/unit, for Hadley North Scottsdale, a 240-unit apartment property in Scottsdale, Ariz. The Los Angeles investment firm purchased the property from an affiliate of Jeffrey Ctvrtlik, a Utah investor...
Charlotte Business Journal A venture of Rabina Properties and JFR Global Investments is offering for sale Charlotte Plaza, a 632,283-square-foot office building in Charlotte, N.C. The venture of New York companies has hired CBRE to market the 27-story...
Berkadia has provided $157 million of Fannie Mae financing to facilitate the purchase of the Mason at Van Dorn, a 1,180-unit apartment property in the Washington, D.C., suburb of Alexandria, Va. The property, constructed in 1963 and 1967,...
The Real Deal AEW Capital Management has put the 540,000-square-foot office building at 250 Park Ave. in Manhattan up for sale and is seeking up to $350 million for it. The Boston investment manager has owned the building,...
MBK Rental Living, a unit of Mitsui & Co., has made an $81.23 million equity investment in the 578-unit Alexan Pena Station apartment complex that Trammell Crow Residential is building in Denver. The joint-venture equity was arranged by...
A venture led by TruAmerica Multifamily has paid $49.88 million, or $197,917/unit, for the 252-unit Westmont Commons apartment property in Asheville, N.C. The Los Angeles investment manager partnered on the investment with Spoke Real Estate Capital of Columbus,...
Commercial Observer Madison Realty Capital provided $55 million of financing to fund the $38 million, or $463,415/unit, purchase of the 82-unit apartment property at 97 Claremont Ave. in Manhattan. A previous story understated the amount of financing that was...
Crain's Chicago Business A venture of Goldman Sachs and Magnolia Capital is offering for sale the 270-unit Vantage Oak Park Apartments in Oak Park, Ill., about nine miles west of Chicago. The venture has hired CBRE to market...
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