Prologis Buys Industrial Development Site Near Chicago for $29.3Mln
Crain's Chicago Business Prologis has paid $29.3 million for a 25-acre development site at 375 Army Trail Road in Glendale Heights, Ill., which is about 42 miles west of Chicago. The San Francisco industrial REIT acquired it from Audacy,...
Northeastern University Pays $169Mln for Boston Student-Housing Property
Boston Business Journal Northeastern University has paid $169 million, or $241,429/bed, for the East Village student-housing property in Boston. The university acquired the building from Phoenix Property Co. and Lincoln Property Co., both of Dallas. East Village, at 291...
Target Leases 135,000 SF at Rego Park II in Queens, N.Y.
Commercial Real Estate Direct Staff Report Target Corp. has signed a 15-year lease for 135,000 square feet at the Rego Park Shopping Center in Queens, N.Y. The Minneapolis retailer leased the space from Alexander's Inc. of Paramus, N.J., which...
PCCP Lends $61.3Mln Against Washington, D.C., Apartment Property
PCCP has provided $61.3 million of financing against Parc Riverside East, a 287-unit apartment property in Washington, D.C. The loan allows the owner of the property, Kennedy Wilson of Beverly Hills, Calif., to retire existing debt that was reaching...
75,000-SF Office Building in Raleigh, N.C., Sells for $26.75Mln
Triangle Business Journal Schmier & Feurring Properties has paid $26.75 million, or $356.67/sf, for a 75,000-square-foot office building in Raleigh, N.C. The Boca Raton, Fla., real estate company acquired the property from an affiliate of CGN Global of Chicago,...
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