The Real Deal Lamar Cos. has paid $63.7 million, or $148.83/sf, for Geneva Commons, a 438,000-square-foot retail center in Geneva, Ill. The Fairfield, N.J., company purchased the property from LaSalle Investment Management, which had acquired it in 2013 for $124 ...
Commercial Real Estate Direct Staff Report Hagerstown Premium Outlets, a 484,994-square-foot retail property in Hagerstown, Md., has had its appraised value cut again, to $32.5 million, putting it 79 percent lower than the $150 million value pegged to it in ...
Commercial Real Estate Direct Staff Report SL Green Realty Corp. has struck a deal to sell the 10,400-square-foot retail building at 719 Seventh Ave. in the Times Square section of Manhattan for $30.5 million, or about $2,933/sf. The seller was ...
Milwaukee Business Journal An affiliate of United Properties Corp. has bought the 199,217-square-foot Plaza 50 Shopping Center in Kenosha, Wis., for $27.6 million, or about $138.54/sf. The East Meadow, N.Y., company purchased the retail property from a local family-run company ...
Commercial Property Executive RCG Ventures has bought Collierville Crossing, a 94,331-square-foot shopping center in Collierville, Tenn., for $12 million, or about $127.21/sf. A venture of Desco Group and Affinius Capital sold the retail property in a deal brokered by JLL. ...
The Real Deal A venture of DJM Capital and PGIM Real Estate is offering for sale the 853,000-square-foot Bella Terra Mall in Huntington Beach, Calif. DJM, of San Jose, Calif., and PGIM, of Newark, N.J., has hired Eastdil Secured to ...
Commercial Real Estate Direct Staff Report The appraised value of the Augusta Mall, a 500,222-square-foot retail property in Augusta, Ga., has been reduced to $159.3 million. That's down from the $250 million appraised value pegged to the mall in 2013 ...
Commercial Real Estate Direct Staff Report The $254.9 million of securitized debt against the 980,711-square-foot Providence Place Mall in Rhode Island has been transferred to special servicing due to imminent default. The loan's transfer to special servicer Wells Fargo, the ...
Commercial Real Estate Direct Staff Report Primestor Development has lined up $54 million of financing for its purchase of the 357,000-square-foot Esplanade Shopping Center in Oxnard, Calif. PSRS arranged the financing, which was provided by an unnamed life insurance company. ...
Commercial Real Estate Direct Staff Report The $258.4 million loan against Philadelphia Mills, a 1.58 million-square-foot shopping mall in Philadelphia, has been transferred to special servicing due to imminent default. The transfer, to Greystone Servicing Co., was highlighted late last ...
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