Washington Post to Bring 160,000 SF of D.C. Office Space to Sublease Market
Washington Business Journal The Washington Post is marketing approximately 160,000 square feet of office space for sublease at One Franklin Square, a 638,800-sf property in Washington, D.C. The newspaper leases 300,000 sf of headquarters space at the two-building property...
TA Realty Buys Miami Industrial Complex for $47.6Mln
South Florida Business Journal TA Realty has paid $47.6 million, or $266.64/sf, for Webster Business Park, a 178,521‑square‑foot industrial complex at 7200 NW 25th St. in Miami. The Boston company purchased the four‑building warehouse property from an affiliate of...
In-Rel Properties Purchases Bethesda, Md., Office Building at Steep Discount
Washington Business Journal In‑Rel Properties has paid $20 million, or $51.54/sf, for the leasehold interest in 3 Bethesda Metro Center, a 388,084‑square‑foot office building in Bethesda, Md., about seven miles north of Washington, D.C. The price paid by the...
Sacramento, Calif., Apartments Sell for $34.5Mln
Oakmont Properties has paid $34.5 million, or $472,603/unit, for the 73-unit 16 Powerhouse apartment property in Sacramento, Calif. The local company purchased the 11-year-old property, at 1606 P St. in the city's Midtown area, from Demmon Partners, also of...
Chicago Office to Sell at 90% Discount; Conversion Likely
Crain's Chicago Business Local developer Mike Reschke is said to be paying about $25 million for the 815,074-square-foot office property at 55 West Monroe St. in Chicago's Central Loop neighborhood. The price would represent roughly a 90% discount to...
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.
