Lincoln Property, JPMorgan Venture Buys Wakefield, Mass., Office Property for $61Mln
Boston Business Journal A venture of Lincoln Property Co. and investors advised by JPMorgan Asset Management has bought The Edge, a 962,000-square-foot office complex in Wakefield, Mass., for $61 million, or $63.41/sf. Hobbs Brook Real Estate of Waltham, Mass.,...
West Des Moines Mall Seen Selling Once Again
It appears the Valley West Mall in West Des Moines, Iowa, is once again under contract to be sold. The 856,428-square-foot shopping center had been expected to sell for $13.1 million to the city of West Des Moines, which was...
Delshah Capital Pays $127.8Mln for Brooklyn, N.Y., Mixed-Use Portfolio
Commercial Observer Delshah Capital has paid $127.8 million for a portfolio of three mixed-use properties in the Williamsburg section of Brooklyn, N.Y., in separate deals. The New York real estate developer paid $45.8 million for 227 Grand St., which...
The 13 Colonies Have a New Battle on Their Hands: Office Distress
About 250 years after the original 13 colonies declared their independence from England, their commercial real estate markets are facing a very different battle: CMBS office delinquencies.
Strata Buys High Point, N.C., Industrial Property for $25Mln
Triad Business Journal Strata Industrial Partners has paid $25 million, or $111.72/sf, for Enterprise Industrial Park, a 223,776-square-foot property in High Point, N.C. The Austin, Texas, investor acquired the 11-building complex from Charis Cos. of High Point, which had...
About
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.
