Local Aviation Company Pays $16.35Mln for Medley, Fla., Warehouse
South Florida Business Journal IAG Aero Group has paid $16.35 million, or $332.45/sf, for the 49,180-square-foot warehouse property at 9315 NW 112th Ave. in Medley, Fla. The Miami aviation company purchased the industrial building from a Cooper City, Fla.,...
Out-of-State Investor Pays $58.3Mln for Flex Lab, Office Property in Cary, N.C.
Triangle Business Journal Vigilant Holdings Real Estate has bought the 262,400-square-foot Press building in Cary, N.C., for $58.3 million, or $222.18/sf. The New York company purchased the two-story flex lab and office property from Alloy Properties, a Dallas-based subsidiary...
Simon Gets 2 More Years on $310Mln Loan Against Penn Square Mall
Commercial Real Estate Direct Staff Report The Simon Property Group venture that owns the Penn Square Mall in Oklahoma City has negotiated a two-year extension of the property's $310 million CMBS loan through January 2028. The loan, scattered among...
Cedar Street Brings 2 Chicago Apartment Properties to Market
Crain's Chicago Business Cedar Street is offering for sale two apartment properties with 522 units in Chicago. The local developer hired Berkadia to market the 342-unit Draper Apartments, at 5050 North Broadway, along with the Sally, with 180 units...
CBL Gets $425Mln Loan for 13 Retail Properties
Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc. has lined up $425 million of mortgage financing against a portfolio of 12 of its enclosed shopping malls and one open-air center. The Chattanooga, Tenn., REIT is effectively...
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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.
