Altus Pays $54Mln for Denver Office Property
March 29, 2023
Philadelphia Sees 759 Apartment Units Going Up
March 29, 2023
Los Angeles-Area Apartment Property Sells for $39.5Mln
March 28, 2023
Valuation: Between $25 million and $50 million
Los Angeles-Area Apartment Property Sells for $39.5Mln
Commercial Real Estate Direct Staff Report Golden Bee Properties has paid $39.5 million, or $197,500/unit, for Mountain View Manor, a 200-unit apartment property in Sylmar, Calif. The Los Angeles developer purchased the property from Positive Investments Inc., which had acquired ...
North Miami Office Property Fetches $39Mln
South Florida Business Journal Biscayne Real Estate Holdings LLC has paid $39 million, or about $249.29/sf, for the 156,446-square-foot Biscayne Centre office property in North Miami, Fla. The Miami Lakes, Fla., company purchased the property, which sits on 2.7 acres ...
Irvine, Calif. Office Property Sells for $43.5Mln
Rentv.com A limited liability company based in Oceanside, Calif., has paid $43.5 million, or $381.91/sf, for a 113,900-square-foot office property within the Irvine Spectrum development in Irvine, Calif. The company purchased the property from an Orange, Calif., LLC in a ...
Portland, Ore., Industrial Property Sells for $37.3Mln
A venture of BKM Capital Partners and TerraCore Capital has paid $37.3 million, or $163.23/sf, for Airport Business Center, an 11-building industrial property with 228,518 square feet in Portland, Ore. BKM, of Newport Beach, Calif., and TerraCore, of New York, ...
100-Unit Apartment Property in Camas, Wash., Sells for $31Mln
Multi-Housing News Romano Capital has sold Westridge Lofts, a 100-unit apartment property in Camas, Wash., for $31 million, or $310,000/unit. The Vancouver, Wash., investment firm was represented by HFO Investment Real Estate in the deal with an unnamed buyer. The ...
AEW Capital Buys 129-Unit Seniors-Housing Property in Dallas
Dallas Morning News AEW Capital Management has bought Preston of the Park Cities, a 129-unit seniors-housing property in Dallas. The Boston investor acquired the building, at 5917 Sherry Lane, from Silverstone Senior Living of Dallas. The sales price as not ...
Coastal Community Bank Lends $35Mln for Construction of Seattle-Area Apartments
Muti-Housing News Coastal Community Bank has provided $35 million of financing for the construction of Kōz on Alderwood, a 200-unit apartment property in Lynnwood, Wash. The project's developers, MSquared of New York and Kōz Development of Snohomish, Wash., provided $13 ...
Waterfall Pays $38.49Mln for Retail Space at High-End Building in Manhattan
Commercial Real Estate Direct Staff Report Waterfall Asset Management has paid $38.49 million, or $2,026/sf, for the 19,000 square feet of retail space at the Astor luxury residential condominium property on Manhattan's Upper West Side. The New York investment manager ...
Phoenix-Area Medical Office Building Sells for $29Mln
Montecito Medical Real Estate has paid $29 million, or $426.47/sf, for Banner Health Center, a 68,000-square-foot medical office property in Peoria, Ariz. The Nashville, Tenn., investor purchased the property from Banner Health, which has signed a lease to continue occupying ...
Foothills Bank Lends $35.6Mln for Construction of Tucson, Ariz., Apartments
Commercial Real Estate Direct Staff Report Foothills Bank has provided $35.6 million of financing for the construction of Amavida at Marana, a 200-unit apartment property in Tucson, Ariz. The property is being developed by a venture of Ascent Cos. of ...
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