Private equity real estate funds are expected to sell $2.2 trillion of commercial real estate assets globally between this year and 2029, according to Oxford Economics. Those vehicles have amassed a portfolio...
Read moreCommercial Observer Bozzuto has paid $44.5 million, or $337,121/unit, for Gables 12 Twenty One, a 132-unit apartment property in Arlington, Va., about four miles west of Washington, D.C. The Greenbelt, Md., investor bought the four-story property from Gables...
The Real Deal A venture of DJM Capital and PGIM Real Estate is offering for sale the 853,000-square-foot Bella Terra Mall in Huntington Beach, Calif. DJM, of San Jose, Calif., and PGIM, of Newark, N.J., has hired Eastdil...
Commercial Real Estate Direct Staff Report The appraised value of the Augusta Mall, a 500,222-square-foot retail property in Augusta, Ga., has been reduced to $159.3 million. That's down from the $250 million appraised value pegged to the mall...
Seagis Property Group has lined up $81 million of financing against the 224,900-square-foot industrial property at 100 Frontage Road in Newark, N.J. JLL Capital Markets arranged the financing, which pays only interest for the life of its five-year...
Dallas Business Journal Affiliates of Hillwood Development Co. have purchased a portfolio of four office buildings totaling about 518,000 square feet in the Dallas suburb of Irving, Texas. The Dallas development and investment company purchased the portfolio from...
Commercial Real Estate Direct Staff Report SL Green Realty Corp. has received a maturity extension, to November 2026, for its $190.1 million loan against the 50,000-square-foot office property at 185 Broadway in downtown Manhattan. The New York REIT...
Multi-Housing News Springer Capital has bought a portfolio of eight apartment properties with a total of 2,164 units in South Carolina for $240.2 million, or about $110,998/unit. Berkadia brokered the deal for the buyer. The seller could not...
Commercial Real Estate Direct Staff Report The $254.9 million of securitized debt against the 980,711-square-foot Providence Place Mall in Rhode Island has been transferred to special servicing due to imminent default. The loan's transfer to special servicer Wells...
Nashville Business Journal Fairfield Residential has bought the Landmark at Wynton Pointe, a 380-unit apartment property in Nashville, Tenn., for $51.8 million, or about $136,316/unit. The San Diego company purchased the three-story property from GVA Real Estate of...
Commercial Real Estate Direct Staff Report Primestor Development has lined up $54 million of financing for its purchase of the 357,000-square-foot Esplanade Shopping Center in Oxnard, Calif. PSRS arranged the financing, which was provided by an unnamed life...
Commercial Observer Yellowstone Real Estate has paid about $200 million for the distressed loan against the 603,928-square-foot office building at 1740 Broadway in Manhattan. Midland Loan Services, special servicer for the CMBS trust that holds the loan, BWAY...
Commercial Real Estate Direct Staff Report Goldman Sachs Bank USA has provided $33 million of financing against Sheraton Park City, a 200-room hotel in Park City, Utah. Berkadia arranged the loan, which has a five-year term and pays...
Commercial Real Estate Direct Staff Report Orda Management Corp., which owns Manhattan's 225 and 233 Park Ave. South, is expected to default on the 675,756-square-foot office property's $235 million CMBS loan. As a result, the loan has been...
Commercial Real Estate Direct Staff Report The $19 million CMBS loan against the 182,505-square-foot office property at 700 17th St. in Denver has transferred to special servicer LNR Partners as it is more than 90 days delinquent. The...
Commercial Real Estate Direct Staff Report The $258.4 million loan against Philadelphia Mills, a 1.58 million-square-foot shopping mall in Philadelphia, has been transferred to special servicing due to imminent default. The transfer, to Greystone Servicing Co., was highlighted...
REBusiness Online Chavez Management Group has paid $44.5 million, or $106.21/sf, for Natomas Corporate Center, a 419,000-square-foot office property in Sacramento, Calif. The Burlingame, Calif., company purchased the property from Bannon Investments Ltd., which was represented by Avison...
Commercial Observer Bank of Montreal and Argentic Investment Management have provided $117 million of financing against Sunrise Tower, the 238-unit apartment property at 620 West 153rd St. in the Harlem section of Manhattan. Bank of Montreal provided about...
Commercial Real Estate Direct Staff Report A venture of SL Green Realty Corp. and PGIM Real Estate has secured an extension for the $360 million loan against 100 Park Ave., an 874,022-square-foot office building in Manhattan. The loan,...
Chicago Business Journal CenterPoint Properties has sold a portfolio of three nearby industrial buildings totaling 1.7 million square feet in Elwood, Ill., for $125 million, or about $73.53/sf. The Oak Brook, Ill., company sold the properties to Stonepeak,...
South Florida Business Journal An affiliate of Hillwood has bought the 1 million-square-foot distribution center at 14490 Corporate Road North in Jupiter, Fla., for $106.5 million, or $106.50/sf. The Dallas company, an affiliate of The Perot Cos., purchased...
Commercial Real Estate Direct Staff Report Interstate Equities Corp. has recapitalized the Gates at Marina Apartments in Marina, Calif., in a deal that values the 136-unit property at $45 million, or $330,882/unit. The recapitalization involved bringing in a...
Commercial Real Estate Direct Staff Report Northmarq has arranged $35 million of financing against Lodge at Mallard's Landing, a seniors-housing property with 147 units in Gig Harbor, Wash. The financing, which was provided by an unnamed life insurance...
Commercial Real Estate Direct Staff Report The 120,215-square-foot office building at 717 14th St. in Washington, D.C., was appraised recently at a value of $10.5 million. That's down 81 percent from the $56 million value pegged to it...
The Real Deal Continental Realty Corp. has paid $78.4 million, or $276,056/unit, for Sixteen30, a 284-unit apartment complex in Plainfield, Ill. The Baltimore investment manager purchased the property from its developer, Wingspan Development, which had spent $60 million...
Commercial Real Estate Direct Staff Report SL Green Realty Corp. has agreed to buy the remaining stake it doesn't already own in 10 East 53rd St., a 366,879-square-foot office property in midtown Manhattan. The New York REIT is...
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