Valuation: Between $10 million and $25 million
InvenTrust Pays $22.4Mln for Charlotte, N.C., Shopping Center
Charlotte Business Journal InvenTrust Properties has paid $22.4 million, or about $246.64/sf, for the Shoppes at Davis Lake, a 90,820-square-foot shopping center in Charlotte, N.C. The Downers Grove, Ill., company bought the retail property from Cambridge Properties of Charlotte, which ...
CrossFirst Bank Lends $23Mln for Construction of Casa Grande, Ariz., Industrial Property
CrossFirst Bank has provided $23 million of financing for the construction of KV Casa Grande, a 314,453-square-foot industrial property in Casa Grande, Ariz. The financing from the Leawood, Kan., bank was arranged by JLL Capital Markets on behalf of developer ...
355,000-SF Retail Property in San Antonio Trades Hands
San Antonio Business Journal Dogwood Commercial Real Estate has purchased the 355,000-square-foot retail property at 8800 Broadway in San Antonio for an undisclosed price. The Dallas investment firm bought the property from a company calling itself 8800 Broadway Plaza LLC. ...
Midtown Manhattan Office Sells for $22.2Mln
Commercial Real Estate Direct Staff Report Empire Capital Holdings has acquired 1200 Ave. of the Americas, a 21,600-square-foot office building in Midtown Manhattan for $22.2 million, or $1,030.55/sf. The New York investment firm bought the property, on the corner of ...
Baltimore Hotel Sold for $18.5Mln; Apartment Conversion Planned
Baltimore Business Journal A group led by Byrnes & Associates Inc. has purchased the 129-room Hotel RL Baltimore in downtown Baltimore for $18.5 million, with plans to redevelop the property into 130 apartment units. Byrnes, of Baltimore, is partnering on ...
127,000-SF Office Building in Rancho Cucamonga, Calif., Sells for $22.25Mln
Mercury Casualty Co. has sold the 127,000-square-foot office property at 11000 Eucalyptus St. in Rancho Cucamonga, Calif., for $22.25 million, or $175.20/sf. The Los Angeles company was represented in the deal by Kennedy Wilson Brokerage. The buyer was not disclosed. ...
724-Unit Self-Storage Property in Reno, Nev., Sells for $20Mln
MMA Storage has paid $20 million, or $27,624/unit, for Our City Storage, a 724-unit self-storage facility in Reno, Nev. The Sparks, Nev., investor group purchased the property from an affiliate of West Coast Self Storage, according to Washoe County, Nev., ...
Student-Housing Property in the Bronx, N.Y., Sells for $18Mln
Crain's New York Business The Stagg Group has paid $18 million, or $189,474/unit, for Overlook Manor, a 95-unit apartment property near the campus of Manhattan College in the Bronx, N.Y. The six-story property, 3801 Waldo Ave., has a capacity of ...
Walker & Dunlop Provides $17.72Mln Freddie Loan for Tempe, Ariz., Apartments
Commercial Real Estate Direct Staff Report Walker & Dunlop has provided $17.72 million of Freddie Mac financing to facilitate the purchase of the 124-unit Solaire on Scottsdale apartment property in Tempe, Ariz. Chicago investment manager 29th Street Capital purchased the ...
Dwight Mortgage Trust Writes First Loan on Retail Property
Commercial Real Estate Direct Staff Report Dwight Mortgage Trust has provided $12.75 million of short-term financing against Pine Island Plaza, a 104,000-square-foot retail center in Sunrise, Fla. The loan is the first against a retail property for the lender, a ...
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