ACRE, formerly known as Asia Capital Real Estate, has provided $43.5 million of financing to fund Peak Capital Partners' $62.5 million, or $416,667/unit, purchase of the 150-unit Connect at First Creek in Denver. The loan, arranged by KeyBank Real Estate ...
Commercial Real Estate Direct Staff Report A group of lenders led by JPMorgan Chase Bank has provided $415 million of financing against 3 Times Square, an 850,000-square-foot office property in midtown Manhattan. The group includes Bank of America and M&T ...
AZ Big Media An affiliate of SmartStop Self Storage has paid $25.5 million, or $169.70/sf, for the 150,260-square-foot self-storage property at 12220 East Riggs Road in Chandler, Ariz. The Ladera Ranch, Calif., company purchased the property from an affiliate of ...
Commercial Real Estate Direct Staff Report Hines has acquired South Temple Tower, a 217,000-square-foot office property in Salt Lake City. While the purchase price could not yet be learned, Salt Lake County had estimated its value at $53.9 million. The ...
Commercial Observer Rosewood Realty Group is marketing for sale a mixed-use project that's currently under construction at 159 Broadway in the Williamsburg section of Brooklyn, N.Y. Bidding on the property, which was thrown into bankruptcy in 2020, is expected to ...
Gaia Real Estate has paid $34.75 million for three apartment buildings with 56 units in Manhattan's Lower East Side neighborhood. The New York investment manager, which has $3.2 billion of assets under management, bought the properties from SMA Equities of ...
Commercial Real Estate Direct Staff Report Brookwood Capital Advisors has paid $27.5 million for the Maplewood Mall in St. Paul, Minn. The Nashville, Tenn., company, a specialist in redeveloping retail properties, bought the shopping center from Washington Prime Group in ...
South Florida Business Journal An affiliate of Harrison Street has paid $45.5 million, or about $446.72/sf, for a 101,851-square-foot medical-office building in Plantation, Fla. The Chicago commercial real estate company bought the property in a partnership with Atlantic Health Properties ...
South Florida Business Journal Affiliate of Arena Capital has sold the 130,558-square-foot Arena Shoppes retail property in North Lauderdale, Fla., for $31 million, or about $237.44/sf. The Coral Gables, Fla., company sold the property to a company managed by Alberto ...
Knighthead Funding has provided $37.6 million of mortgage financing against the 204-room Marriott TownePlace Suites hotel in downtown Nashville, Tenn. The property, at 310 Gay St., was developed by an investor group led by Waud Capital Partners of Chicago, which ...
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