Citigroup Campus in San Antonio Returns to Sales Market
The Real Deal Citigroup is once again offering for sale portions of its office campus in San Antonio. CBRE has been tapped to market the four-building property at 100 Citibank Drive, which contains 329,658 square feet of rentable space....
Seattle Apartment Property Sells for $24.1Mln; $14.8Mln Freddie Loan Assumed
Multi-Housing News Kite Partners has paid $24.1 million, or $277,011/unit, for the Q, an 87-unit apartment property in Seattle. The local investment firm acquired the property from ACME Realty, which bought it in 2016 for $26.6 million. CBRE represented...
RPM Living Pays $125Mln for Chicago Apartment Property
Crain's Chicago Business RPM Living has paid $125 million, or $385,802/unit, for SoNo East, a 324-unit apartment property in Chicago's Goose Island neighborhood. The Austin, Texas, investor acquired the property, at 840 West Blackhawk St., from PGIM Real Estate...
Suburban Minneapolis Office Property Hit with Appraisal Reduction
Commercial Real Estate Direct Staff Report Plymouth Corporate Center, a 628,436-square-foot office property in the Minneapolis suburb of Plymouth, Minn., has been reappraised at a value of $45.3 million. The latest appraisal, which was highlighted this morning in a...
$685.58Mln of Austin, Texas, Hotel Loans Could Encounter Refinancing Hurdles
A significant slug of securitized mortgages backed by hotels in the Austin, Texas, metropolitan statistical area could face refinancing challenges, as 39 loans with a total balance of $685.58 million have debt yields less than 9%, according to data...
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