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The CMBS trusts that earlier this year took title to the Park Square office property in Boston's Back Bay area are said to have hired Eastdil Secured to market the 503,312-square-foot building...
Read moreWashington Business Journal CCLC, the former Chevy Chase Land Co., has sold the 190,866-square-foot medical-office building at 8401 Connecticut Ave. in the Washington, D.C., suburb of Chevy Chase, Md., for $40.1 million, or $210.10/sf. The buyer was not...
Commercial Real Estate Direct Staff Report Tanger Inc. has purchased the 309,532-square-foot Town Center at Levis Commons in Perrysburg, Ohio, a suburb of Toledo, Ohio. It's the fourth lifestyle retail property for the Greensboro, N.C., REIT, which is...
Commercial Real Estate Direct Staff Report Peregren Capital Group has provided $290 million of financing against the 525,000-square-foot Pacific Center life-sciences property in San Diego. The loan was arranged by Newmark on behalf of the property's developer and...
Crain's Chicago Business Lendlease is offering for sale Cooper at Southbank, a 452-unit apartment property in Chicago's South Loop neighborhood. The Australian developer hired CBRE to market the 29-story property at 720 South Wells St. Cooper at Southbank...
Northwind Group has lined up $300 million of warehouse financing from the Atlas SP Partners credit-investment affiliate of Apollo Global Management. The credit provides the New York investment manager's Northwind Debt Fund III, its latest debt-investment vehicle, with...
Commercial Real Estate Direct Staff Report Lone Star Funds, which last month took ownership of the 359,883-square-foot 600 California St. office building in San Francisco, has brought in Harvest Properties as its partner. The Oakland, Calif., company will...
Mesa West Capital has provided $43.8 million of mortgage financing against two industrial buildings with 730,800 square feet at 4903 and 5115 Winchester Ave. in Martinsburg, W. Va. The two cross-docked buildings were constructed three years ago on...
Commercial Real Estate Direct Staff Report A venture of DRA Advisors and DLC Management Corp. has paid $95 million, or $148.36/sf, for the 640,327-square-foot Shadow Lake Towne Center retail property in Papillion, Neb., a southern suburb of Omaha,...
Affinius Capital has provided $89 million of mortgage financing to facilitate the $135.7 million, or nearly $360/sf, purchase of the 377,000 square feet of office space within the CitySpire building in Midtown Manhattan. The 39-year-old building is at...
South Florida Business Journal TA Realty has paid $47.6 million, or $266.64/sf, for Webster Business Park, a 178,521‑square‑foot industrial complex at 7200 NW 25th St. in Miami. The Boston company purchased the four‑building warehouse property from an affiliate...
Oakmont Properties has paid $34.5 million, or $472,603/unit, for the 73-unit 16 Powerhouse apartment property in Sacramento, Calif. The local company purchased the 11-year-old property, at 1606 P St. in the city's Midtown area, from Demmon Partners, also...
Crain's Chicago Business Local developer Mike Reschke is said to be paying about $25 million for the 815,074-square-foot office property at 55 West Monroe St. in Chicago's Central Loop neighborhood. The price would represent roughly a 90% discount...
Commercial Real Estate Direct Staff Report The 42,000 square feet of retail space at the base of the 12-story 599 Broadway office building in Manhattan's SoHo neighborhood has had its appraised value slashed by nearly 80% to $32...
Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Moody's Rating DBRS Morningstar Price % Yield % Final Pricing (bp) Bnch mrk A-1 1.56 30.00 2.86 AAA Aaa AAA J-spread A-2 60.00 30.00 4.76...
Commercial Real Estate Direct Staff Report An affiliate of Bascom Group has paid $45.5 million, or $157,439/unit, for the 289-unit Domain 3201 apartment property in Tucson, Ariz. The Irvine, Calif., investment manager acquired the property, at 3201 West...
Commercial Real Estate Direct Staff Report Dwight Capital has originated a $114 million loan under the U.S. Department of Housing and Urban Development's 221(d)(4) program for the conversion of the 435,629-square-foot office property at 100 East Wisconsin Ave....
New York Real Estate Journal National Realty & Development Corp. has lined up $75 million of financing against Orange Plaza, an 811,272‑square‑foot retail property in Middletown, N.Y., about 70 miles northwest of Manhattan. An undisclosed life insurance company...
Norman Journal Record A venture of Mazaheri Properties and Champion Hotels has paid $82.25 million, or $197.43/sf, for University Town Center, a 416,766‑square‑foot retail property in Norman, Okla. The venture purchased the shopping center from Rainier Cos. of...
Cohen & Steers Income Opportunities REIT Inc. has paid $61.2 million, or $228.36/sf, for the 268,000-square-foot Winslow Bay Commons retail property in the Charlotte, N.C., suburb of Mooresville, N.C. The REIT, whose shares do not trade on any...
Commercial Real Estate Direct Staff Report Braven Office Commons, a 749,694-square-foot property in Bellevue, Wash., has been placed on the sales block by its receiver as its foreclosure process begins. Eastdil Secured has been tapped to market the...
South Florida Business Journal An affiliate of Breevast has paid $109.9 million, or $413,158/unit, for Avida Aventura, a 266‑unit apartment property in Miami. The Amsterdam company bought the eight‑story property from an affiliate of Fifield Cos. of Chicago....
Half of all data-center operators reported that their properties had experienced power outages within the past three years, according to data compiled by the Uptime Institute. That was down from 53% in 2024.
Commercial Real Estate Direct Staff Report The appraised value of the 781,426-square-foot office property at 10 South LaSalle St. in Chicago has been reduced once again, this time to $27.2 million. Last September, the property had its value slashed...
AZ Big Media US Merchants has paid $63.88 million, or $140.72/sf, for a 453,960-square-foot building within West Summit at Surprise, a two-building industrial property with 704,472 sf in Surprise, Ariz., a northwestern suburb of Phoenix. The Beverly Hills,...
Atlanta Business Chronicle Portman Holdings has acquired the Westin Peachtree Plaza, a 1,073‑room hotel in downtown Atlanta. The local company purchased the 73-story property through its Portman Hospitality Fund I investment vehicle. Marriott International sold the hotel but...
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