Atlanta Business Chronicle A venture of Coro Realty Advisors and Connolly has purchased the 121,000-square-foot Chastain Market in Atlanta for $71 million, or $586.78/sf. The locally-based venture purchased the retail property from Kite Realty Group, an Indianapolis REIT...
Memphis Business Journal A venture of Graybel Investments and Quad Property Group has bought the Cordova Creek Apartments, a 196-unit apartment property in Cordova, Tenn., for $22 million, or $112,245/unit. Graybel, of Memphis, Tenn., and Quad Property, of...
Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Morningstar DBRS Price % Yield % Final Pricing (bp) Bnch mrk A-2 75.00 30.00 3.99 AAA AAA 99.9999 5.0215 +86 J-spread A-3 438.95 30.00 4.56...
A venture of PCCP and Alliance Residential Co. has paid $65.3 million, or $354,891/unit, for the 184-unit Hawthorne apartment property in Riverside, Calif. The seller was a venture of Carlyle Group and Brandywine Homes, according to a report...
Commercial Real Estate Direct Staff Report An affiliate of Rreef America has paid $81.6 million, or $293,525/unit, for the 278-unit Alta Rise apartment property in Gilbert, Ariz. Rreef, an affiliate of Deutsche Wealth Management, acquired the property from...
ACRE has provided $351 million of debt financing against a portfolio of eight apartment properties with 1,573 units owned by a venture led by Harbor Group International. The loan facility was arranged by Walker & Dunlop. The portfolio...
Crain's Chicago Business DRA Advisors has paid $95 million, or $279,411/unit, for Enclave at 127th, a 340-unit apartment property in Plainfield, Ill. The New York investment firm acquired the property, at 23760 West 127th St., from JVM Realty,...
South Florida Business Journal Interface Properties has paid $40 million, or $211.08/sf, for Fountains Center, a 189,542-square-foot office and retail property in Boca Raton, Fla. The local company purchased the seven-building complex from a company managed by Titan...
Charlotte Business Journal Harbor Group International has paid $55.5 million, or $233,193/unit, for Chronicle Mill, a 238-unit apartment complex in the Charlotte, N.C., suburb of Belmont, N.C. The Norfolk, Va., investor purchased the property from Armada Hoffler Realty...
Citybiz Brixton Capital has acquired Allura Las Colinas, a 288-unit apartment complex in Irving, Texas. The seller and purchase price were not disclosed. JLL Capital Markets brokered the deal. The property, at 6445 Love Drive, serves a collateral...
Slate Grocery REIT, which owns 115 retail properties, most of which are anchored by grocery stores, has formed a committee to evaluate strategic alternatives. The Toronto REIT is affiliated with and managed by Slate Asset Management, a Toronto...
The 236,603-square-foot Frederick Shopping Center in Frederick, Md., roughly 50 miles from both Washington, D.C., and Baltimore, has been sold for $55.5 million, or nearly $235/sf. The property was constructed in 1957 at 1305 West Seventh St., next...
David Brecher, chief executive of FM Home Loans, has paid $23.5 million, or $192,623/unit, for the 122-unit apartment building at 1000 Ocean Parkway in the Midwood area of Brooklyn, N.Y. Brecher, who founded FM Home Loans in 1999,...
Bloomberg A venture of Oxford Properties Group and Related Cos. has lined up $1.4 billion in financing against 10 Hudson Yards, a 1.81 million‑square‑foot office building in Manhattan. A group of lenders led by Wells Fargo Bank and...
The 122,167-square-foot Beacon retail property in the San Diego suburb of Carlsbad, Calif., has changed hands for $91.3 million, or $747.34/sf. Asana Partners of Charlotte, N.C., sold the 44-year-old property to 11North Partners. The New York investment operation...
Commercial Real Estate Direct Staff Report A venture led by Sixth Street Partners has paid $176 million, or $911,017/room, for the 193-room Park Hyatt Beaver Creek Resort & Spa in Colorado's Beaver Creek Village. The San Francisco investment...
Memphis Business Journal An affiliate of SpaceX has paid $185 million, or $235.67/sf, for a 785,000‑square‑foot data center at 3231 Paul R. Lowry Road in Memphis, Tenn. Phoenix Investors of Milwaukee sold the property, which it purchased for...
Washington Business Journal CCLC, the former Chevy Chase Land Co., has sold the 190,866-square-foot medical-office building at 8401 Connecticut Ave. in the Washington, D.C., suburb of Chevy Chase, Md., for $40.1 million, or $210.10/sf. The buyer was not...
Commercial Real Estate Direct Staff Report Tanger Inc. has purchased the 309,532-square-foot Town Center at Levis Commons in Perrysburg, Ohio, a suburb of Toledo, Ohio. It's the fourth lifestyle retail property for the Greensboro, N.C., REIT, which is...
Commercial Real Estate Direct Staff Report Peregren Capital Group has provided $290 million of financing against the 525,000-square-foot Pacific Center life-sciences property in San Diego. The loan was arranged by Newmark on behalf of the property's developer and...
Crain's Chicago Business Lendlease is offering for sale Cooper at Southbank, a 452-unit apartment property in Chicago's South Loop neighborhood. The Australian developer hired CBRE to market the 29-story property at 720 South Wells St. Cooper at Southbank...
Northwind Group has lined up $300 million of warehouse financing from the Atlas SP Partners credit-investment affiliate of Apollo Global Management. The credit provides the New York investment manager's Northwind Debt Fund III, its latest debt-investment vehicle, with...
Commercial Real Estate Direct Staff Report Lone Star Funds, which last month took ownership of the 359,883-square-foot 600 California St. office building in San Francisco, has brought in Harvest Properties as its partner. The Oakland, Calif., company will...
Mesa West Capital has provided $43.8 million of mortgage financing against two industrial buildings with 730,800 square feet at 4903 and 5115 Winchester Ave. in Martinsburg, W. Va. The two cross-docked buildings were constructed three years ago on...
Commercial Real Estate Direct Staff Report A venture of DRA Advisors and DLC Management Corp. has paid $95 million, or $148.36/sf, for the 640,327-square-foot Shadow Lake Towne Center retail property in Papillion, Neb., a southern suburb of Omaha,...
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