Commercial Real Estate Direct Staff Report Namdar Realty Group has acquired the 125,969-square-foot Bowie Corporate Center in Bowie, Md., which is midway between Washington, D.C., and Annapolis, Md. The Great Neck, N.Y., investor, which partnered with Mason Asset...
Barings has provided $136.4 million of mortgage financing against a pair of recently completed industrial properties with more than 1.78 million square feet in the Atlanta and Houston areas. The Charlotte, N.C., investment manager lent $96.6 million against...
Commercial Observer Deutsche Bank and UBS have provided $160 million of mortgage financing against the 1.57 million-square-foot Rentar Plaza mixed-use property in the Middle Village section of Queens, N.Y. The property, at 66-26 Metropolitan Ave., is owned by...
Crain's Chicago Business Kohan Retail Investment Group has closed on its $45 million, or $34.35/sf, purchase of the 1.31 million-square-foot office building at 311 South Wacker Drive in Chicago. The New York investor purchased it from a group of...
Commercial Real Estate Direct Staff Report An affiliate of Citymark Capital has acquired Roystone, a 93-unit apartment property in Seattle. The purchase price could not be learned immediately. But the property, at 5 West Roy St., came to...
Commercial Real Estate Direct Staff Report Foothills Bank has provided $37.09 million of financing to facilitate Baseline Partners' $44.58 million purchase of the 163,311-square-foot Scottsdale Centre medical-office building in Scottsdale, Ariz. Baseline, of Mesa, Ariz., purchased the property from...
Commercial Real Estate Direct Staff Report Owners of rent-stabilized apartment properties in New York City were allowed to increase rents by 3% at units whose tenants sign one-year leases and 4.5% for those signing two-year leases. Rent increases...
JLL Capital Markets has arranged $36.7 million of short-term financing against Park 36, a three-building industrial property with 275,090 square feet in the Denver suburb of Broomfield, Colo. The lender could not be identified immediately. Park 36, at...
Dallas Business Journal Consolidated Investment Group has paid $52 million, or $220,339/unit, for International at Valley Ranch, a 236-unit apartment complex in the Dallas suburb of Irving, Texas. The Centennial, Colo., investor purchased the four-story property from its...
Commercial Real Estate Direct Staff Report Tishman Speyer has lined up $385 million of financing against the 770,030-square-foot 300 Park Ave. office building in midtown Manhattan. The financing package includes a $330 million senior loan provided by JPMorgan...
Crain's Chicago Business Heartland Realty Investors has paid $45.5 million, or $406,250/unit, for Valley Lo Towers, a 112-unit apartment complex in Glenview, Ill., a northern suburb of Chicago. The Minneapolis company acquired the property from Marquette Cos. of...
A venture of Martin Group and JPF Capital has secured $61 million of financing for the construction of the 120-unit Arbello Apartments in the San Francisco suburb of San Mateo, Calif. Marcus & Millichap arranged the loan. The...
San Francisco Standard TMG Partners is said to be buying the 312,592-square-foot Metreon Mall in San Francisco. The price the San Francisco company is said to be paying is not yet known, but the retail property has an...
Washington Business Journal The Central Intelligence Agency has paid $246.6 million, or $568.20/sf, for the 434,000-square-foot Dulles Discovery 2 office property at 13870 Air and Space Museum Parkway in Chantilly, Va. It bought the property from Peterson Cos....
Commercial Real Estate Direct Staff Report Deutsche Bank and Mesirow are providing $247 million of fixed-rate financing against the 638,794-square-foot office building at 167 North Green St. in Chicago's Fulton Market neighborhood. The loan is being securitized in...
Blackstone Real Estate Debt Strategies has purchased a $2 billion portfolio of performing commercial real estate loans from Atlantic Union Bancshares Corp. The Blackstone unit paid a price in the low 90% range for the loans, according to...
Affiliates of Apollo Global Management have provided $252.5 million of financing against a portfolio of 21 industrial buildings with 3.64 million square feet owned by a venture of Brennan Investment Group and Farallon Capital Management. The portfolio, commonly...
Blue Owl Capital has provided $54 million of financing against the 67-room Baron's Cove in Sag Harbor in the Hamptons area of Long Island, N.Y. The hotel, at 31 West Water St., is owned by a venture of...
Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Moody's Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 2.95 30.00 2.58 AAA Aaa AAA J-spread A-2 120.00 30.00 4.80 AAA...
Jacksonville Business Journal A venture of Argyle Real Estate Capital and Artemis Real Estate Partners has bought Addison Landing, a 289-unit apartment complex in Jacksonville, Fla., for $44.75 million, or $154,844/sf. Argyle, of Tampa, Fla., and Artemis, of...
Commercial Real Estate Direct Staff Report An affiliate of Denali National Trust has paid $34.75 million, or $121,503/unit, for the 286-unit Seventh apartments in Phoenix. The Scottsdale, Ariz., family office bought the property, at 5145 North 7th St.,...
Commercial Real Estate Direct Staff Report Cohen Asset Management has paid $36.28 million, or $215.95/unit, for the Desert Cove Industrial Center, a 168,000-square-foot industrial property in Surprise, Ariz. The Los Angeles investment manager bought the property, at 11301...
Commercial Real Estate Direct Staff Report Starwood Capital Group, which owns the 988,646-square-foot 301 South College St. office property in Charlotte, N.C., is considering turning the half-empty property over to its lenders, a pair of CMBS trusts that...
Walker & Dunlop Inc. has originated $170 million of Fannie Mae financing against the 580-unit Post District Residences apartment property in downtown Salt Lake City. The loan was provided through Fannie's near-stabilization lending program, through which the housing-finance...
The Real Deal Capstone Equities has agreed to pay about $83 million, or $830/sf, for the 100,000-square-foot office building at 205 West 28th St. in the Chelsea section of Manhattan. The New York investment manager is buying the...
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