Commercial Mortgage Outstandings in U.S. Top $3 Trillion
Commercial Real Estate Direct Staff ReportThe volume of commercial mortgage debt outstanding in the United States topped $3 trillion in the first quarter, an increase of 2.5 percent from the $2.95 trillion outstanding at the end of last year.Analysis...
JEMB Realty Pays $50Mln for 190 Condominium Units in Annapolis
JEMB Realty has paid $50 million for the remaining 190 units at Regatta Bay, a condominium property in Annapolis, Md. The New York real estate firm purchased the units from an undisclosed seller. The units account for roughly 73...
Icon Group Pays $160Mln for Multifamily Buildings in Manhattan
New York PostThe Icon Group purchased 35 multifamily buildings on Manhattan's Upper East Side for $160 million from the Klein family. The New York firm plans to upgrade the buildings, which include 760 apartments and five retail store sites....
American Realty, Alliance Commercial Venture to Pay $70.3Mln
The Arizona Republic A venture between American Realty Advisors and an affiliate of Alliance Commercial Partners has paid $70.3 million for the Great American Tower, a 338,411-square-foot building in Phoenix. US Office Holdings Ltd. of Atlanta sold the 24-story...
Capital Partners Pays $143Mln for 320 Residential Units in San Francisco
Commercial Real Estate Staff reportCapital Partners has acquired the Rincon Center Residential Towers in San Francisco for $143 million from a fund managed by Beacon Capital Partners.The two building, 320-unit property at 88 Howard Street is part of Rincon Center,...
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