Coral Gables, Fla., Office Property Fetches $97.8Mln
South Florida Business Journal A venture of Intalex, Itero Investments, and Greenwall has bought The Ponce, a 365,000-square-foot office complex in the Miami suburb of Coral Gables, Fla., for $97.8 million, or $267.95/sf. An affiliate of PGIM Real Estate...
Longpoint Partners Pays $38.8Mln for Medley, Fla., Industrial Property
South Florida Business Journal Longpoint Partners has paid $38.8 million, or $319.13/sf, for a two-building industrial property totaling 121,579 square feet in Medley, Fla. The Boston investor purchased the property from Martha and Ruben Artiles. Axiom Capital Advisors represented...
Chicago Office Property Sells at a Discount
Crain's Chicago Business Local developer R2 has paid $17.6 million, or $81.95/sf, for the 214,768-square-foot office property at 600 West Fulton St. in Chicago. The seller was a venture led by real estate investor Randy Rissman, which bought it...
Midtown Manhattan Office-to-Residential Conversion Evacuated After Beams Found Buckling
New York Times The 38-story office property at 235 East 42nd St. in Midtown Manhattan that is undergoing a residential conversion has been evacuated as construction workers noticed cracks, as well as structural support beams beginning to buckle on...
MCA Realty Pays $20.6Mln for Industrial Property in Kent, Wash.
Commercial Property Executive MCA Realty has paid $20.6 million, or $148.96/sf, for a three-building industrial property totaling 138,296 square feet in Kent, Wash., a city that's 14 miles south of Seattle. The Santa Ana, Calif., investment firm acquired the...
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