The nine major apartment-owning REITs were challenged to push rents higher last year, as new leases generally were signed at prices lower than existing leases.
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Houston Business Journal Fidelis Realty Partners has purchased Baybrook Village, a 278,842-square-foot shopping center in Webster, Texas. The Bellaire, Texas, company purchased the retail property from a venture of O'Connor Capital Partners and Wafra Inc., both of New...
Minneapolis/St. Paul Business Journal An affiliate of LaSalle Investment Management has paid $59 million for two age-restricted apartment properties with a combined 299 units in suburban Minneapolis. The Chicago investment manager acquired the properties from an affiliate of...
TD Securities expanded its office footprint at 125 Park Ave. in Midtown Manhattan by 51,081 square feet to a total of 181,447 sf. The investment bank was represented in the latest lease, which has a term of 10...
Dwight Capital has provided $54 million of financing under the U.S. Department of Housing and Urban Development's 223(f) program against the 92-unit Amara apartment property in the Astoria section of Queens, N.Y. The property, at 31-90 29th St.,...
Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Kroll Rating S&P Price % Yield % Final Pricing (bp) Bnch mrk A-1 7.72 30.00 3.20 AAA AAA AAA 99.99993 4.51814 +94 J-spread A-2 85.00...
Clipper Capital Group has paid $44.2 million, or $184,166/unit, for the 240-unit Apex at Twin Creek apartment property in Bellevue, Neb., a southern suburb of Omaha, Neb. The San Diego multifamily investor acquired the property, at 4002 Raynor...
Commercial Real Estate Direct Staff Report An increase in the expected losses from the resolution of the $368 million loan against the 1.76 million-square-foot Centre Square office property in Philadelphia has prompted Moody's Ratings to further downgrade the...
Harvey AI Corp. has added 92,663 square feet to the 185,326 sf it leases at the One Madison Ave. office property in Manhattan's Midtown South area, taking the 1.4 million-sf building to full occupancy. The building, constructed in...
Commercial Real Estate Direct Staff Report Pacific Retail Capital Partners, which nearly three years ago bought the Bridgewater Commons shopping center and its adjoining Village at Bridgewater Commons open-air retail center in northern New Jersey, has struck a deal...
Canyon Partners Real Estate and JPMorgan Chase Bank have provided $156 million of mortgage financing against the 889,300-square-foot Bridge Point South Philadelphia industrial property in Philadelphia. The short-term loan allowed the property's owner and developer, Bridge Industrial of...
Affinius Capital has provided $145 million of mortgage financing against the 255-unit Josephine apartment property in Philadelphia's Rittenhouse Square neighborhood. The loan was arranged by Newmark and allowed the property's developer, Southern Land Co., to pay off a $112...
Commercial Real Estate Direct Staff Report TerraCap Management LLC has paid $82.16 million, or $228,222/unit, for the 360-unit Tresa at Arrowhead apartments in Glendale, Ariz., a northern suburb of Phoenix. The Naples, Fla., investment manager acquired the property,...
West Capital Lending Inc. has paid $23.75 million, or $227.54/unit, for the 104,375-square-foot office property at 17911 Von Karman Ave. in the Los Angeles suburb of Irvine, Calif. The mortgage brokerage firm acquired the building from John Hancock...
CBL Properties has paid $43.5 million for the Gateway Mall retail center in Lincoln, Neb. The Chattanooga, Tenn., REIT purchased the enclosed mall from Washington Prime Group of Columbus, Ohio, which has been selling off assets since early...
Commercial Real Estate Direct Staff Report Jetset Hospitality has paid $52.5 million, or $175/sf, for the 300,000-square-foot Watergate 600 office building in Washington, D.C. The Washington company, which owns a pair of boutique hotels in the district, purchased...
REBusiness Online Raith Capital Partners has lined up $58 million of financing for its purchase of a 604,084-square-foot industrial portfolio in the Nashville, Tenn., area. Starwood Capital Group provided the loan, which was arranged by CBRE's Debt &...
Crain's Chicago Business Cedar Street has paid $66 million, or $333,333/unit, for Avra West Loop, a 198-unit apartment building in Chicago. The local investor acquired the property, at 1125 West Van Buren St., from its developer, Tandem. Nuveen...
Clay, an artificial intelligence startup, has leased 163,095 square feet at the 2.29 million-sf 11 Madison Ave. office building in Manhattan's Flatiron District. The company's lease has a 10-year term. The property is owned by a venture of...
MonticelloAM LLC has provided $52 million of short-term financing against the 298-unit Southerly at Orange City apartment property in Orange City, Fla., roughly midway between Orlando, Fla., and Daytona Beach, Fla. The three-year loan, which could be extended...
Commercial Observer Guggenheim Partners Investment Management has provided $113.6 million against the 288,000-square-foot Mayfair in the Grove mixed-use development in Coconut Grove, Fla. Whalou Properties Management, led by Palm Beach, Fla., investor Timo Kipp, owns the retail and...
The Real Deal Black Mountain Energy has lined up $94.5 million of financing for its purchase of Chisholm 20 Commerce Park, a 917,374-square-foot industrial complex in Benbrook, Texas. The locally based energy company purchased the four-building property from...
Commercial Real Estate Direct Staff Report The bankruptcy filing by Saks Global Enterprises in January prompted last month's transfer to special servicing of a $1.25 billion CMBS loan against the ground beneath the Saks Fifth Ave. flagship store...
Commercial Real Estate Direct Staff Report Romspen Holdings Inc. has placed the $5.4 million stalking horse bid for the equity interest in the entity that owns the former Motorola campus in Austin, Texas. Bids are due today. The...
Silicon Valley Business Journal An affiliate of Post Investment Group has paid $41 million, or $273,333/unit, for Almaden 1930, a 150-unit apartment property in San Jose, Calif. The seller could not yet be identified. The property, at 1930...
South Florida Business Journal Local real estate investor Moishe Mana has bought One Downtown, a 450,000-square-foot office building in downtown Miami for $110 million, or $244.44/sf. Mana bought the 31-story property from PCCP of Los Angeles, which had bought...
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