American Landmark Pays $61.3Mln for St. Petersburg, Fla., Apartments
American Landmark Apartments has acquired the 295-unit Tortuga Bayside apartment property in St. Petersburg, Fla., for $61.3 million, or $207,797/unit. The Tampa, Fla., investment manager bought the property, at 10475 Gandy Blvd. North, from Arium Living, an affiliate of...
$180Mln CMBS Loan Against Manhattan Office Gets Forbearance
Commercial Real Estate Direct Staff Report The venture that owns the 441,922-square-foot office building at 261 Fifth Ave. in Manhattan's midtown South has negotiated a forbearance agreement with the special servicer that's handling the property's $180 million mortgage. The...
American Healthcare REIT Pays $102.8Mln for Seniors Housing Property in San Jose, Calif.
Multi-Housing News American Healthcare REIT has paid $102.8 million, or $514,000/unit, for Avella at Almaden, a 200-unit seniors housing property in San Jose, Calif. The Irvine, Calif., REIT acquired the property, at 4610 Almaden Expressway, from its owners and...
Spirit Airlines’ South Fla. HQ Receives $88Mln Stalking Horse Bid
South Florida Business Journal An affiliate of Hill City Capital has placed an $88 million stalking horse bid for Spirit Airlines' former headquarters campus in Dania Beach, Fla. The 615,595-square-foot property will be sold at an Aug. 11 auction....
Lloyd Center in Portland, Ore., Faces Wrecking Ball This Week
Commercial Real Estate Direct Staff Report The former Lloyd Center mall in Portland, Ore., the largest open-air shopping center in the country when it was built in 1960, is being torn down at the end of the week. Its...
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