AMC Entertainment generated $1.6 billion of revenue during the second quarter, the company's highest grossing quarter in its 106-year history. Meanwhile, loans against properties in which it's a tenant have outperformed CMBS retail loans in general.
Commercial Real Estate Direct Staff Report The $100.4 million CMBS loan against the Meadows Mall just northwest of the Las Vegas Strip has transferred to special servicer Midland Loan Services as it's maturing in the coming weeks. The loan is ...
Tampa Bay Business Journal Third Lake Partners has paid $135 million, or about $122.73/sf, for WestShore Plaza, a nearly 1.1 million-square-foot regional mall in Tampa, Fla. The Ybor City, Fla., investor acquired the retail property from WPG Inc. of Columbus, ...
Charlotte Business Journal Gleneagles Davidson LLC has paid $25.1 million, or $646.46/sf, for Sadler Square, a 38,827-square-foot retail property in Davidson, N.C. The company, an affiliate of Pharr of McAdenville, N.C., purchased the shopping center from Piedmont Capital of Charlotte, ...
The Seattle investment manager bought the space from an investor group led by Peter J. Broccolo, which bought the retail portion and the 336,527-sf office property that sits atop it in 2017 for $86.35 million. Two years later, the Broccolo ...
Reisterstown Shopping Center in the Baltimore suburb of Reisterstown, Md., has changed hands for $40.6 million, or just more than $266/sf. The 159,522-square-foot property, at 11989 Reisterstown Road, was purchased by a venture of Rappaport of McLean, Va., and Lehrman ...
Minneapolis/St. Paul Business Journal Phillips Edison & Co. has paid $38 million, or $243.59/sf, for Chaska Commons, a 156,000-square-foot retail center in Chaska, Minn., a southwestern suburb of Minneapolis. The Cincinnati REIT acquired the property, at 122-320 Pioneer Trail, from ...
Intercontinental Real Estate Corp. has paid $69.5 million, or $555/sf, for the 125,233-square-foot Lakeland Town Center retail property in the Seattle suburb of Auburn, Wash. The Boston investment manager bought the fully leased property, on a 12.6-acre site at 1404-1416 ...
Hines Global Income Trust has paid $70 million for the 183,308-square-foot Wicker Park Commons retail property at 1279 North Milwaukee Ave. in Chicago's The Houston non-traded REIT bought the property, housed on the street-level floor of a 140,000-sf office ...
Commercial Real Estate Direct Staff Report KPR Centers has paid $28.2 million, or $124.69/sf, for Westwood Town Center, a 226,155-square-foot retail center in Rocky River, Ohio, a western suburb of Cleveland. The New York investment manager acquired the property, at ...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
