Commercial Real Estate Direct Staff Report Bridge33 Capital has paid $71.4 million, or $216.98/sf, for the 329,061-square-foot Sparks Crossing retail property in the Reno, Nev., suburb of Sparks, Nev. The Seattle investment firm acquired the property, at 101 Los Altos ...
The property is part of the collateral pool for a $1.45 billion loan that's securitized through BX Commercial Mortgage Trust, 2025-JDI. The floating-rate loan matures in November 2027 but comes with three one-year extension options, according to servicer data compiled ...
Commercial Property Executive Equus Capital Partners has paid $95.9 million, or $186.25/sf, for the 514,900-square-foot Greg Center industrial property in Sparks, Nev. The Newtown Square, Pa., investment manager acquired the four-building property from Link Logistics. The property is part of ...
IGT Corporate Center serves as the headquarters for slot-machine maker International Game Technology. The property was part of a portfolio that served as collateral for what in 2018 was a $250 million loan that was securitized through four CMBS conduit ...
Commercial Real Estate Direct Staff Report Westmount Realty Capital has paid $88.5 million, or $109.38/sf, for the 809,138-square-foot Lillard Drive Industrial portfolio in Sparks, Nev. The Dallas investor acquired the three-building property, at 350, 360, and 450 Lillard Drive, from ...
Commercial Real Estate Direct Staff Report An affiliate of Benedict Canyon Equities has sold the 206-unit Element Apartments in Reno, Nev., for $41 million, or $199,029/unit. The seller could not yet be identified. Benedict Canyon, of Los Angeles, had acquired ...
North River Partners, in partnership with funds managed by AB CarVal, has provided $56 million of financing for the construction of the Presley, a 236-unit apartment complex in Las Vegas. North River is a New York investment manager with a ...
Commercial Real Estate Direct Staff Report An investor group led by Haig S. Bagerdjian has paid $46 million, or $206.96/sf, for the 222,268-square-foot IGT Corporate Center office property in Las Vegas. The group bought the property, at 6355 South Buffalo ...
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