Houston Business Journal Reich Brothers has bought the 1.2 million-square-foot former DHL Intermodal Campus in Baytown, Texas, a suburb of Houston. The seller and purchase price were not known. The four-building property sits on 67 acres near FM 1405 and [...]
JLL Income Property Trust Inc. has paid $39.5 million, or $120.80/sf, for South Louisville Distribution Center, a 327,000-square-foot industrial property in Shepherdsville, Ky. The Chicago REIT, whose shares do not trade on any exchange, purchased the property from its developer, [...]
Houston Business Journal Partners Capital has bought Bay Pointe Plaza, a 98,522-square-foot retail center in Houston’s Clear Lake neighborhood. The sister of company of NAI Partners of Houston acquired the property, at the corner of Clear Lake City and Space [...]
MIG Real Estate has paid $54.5 million, or $358,552/unit, for BluWater, a 152-unit apartment property in Everett, Wash. The Newport Beach, Calif., investor purchased the property from Coast Equity Partners of Everett, which had acquired it in 2014 for $25.5 million. [...]
South Florida Business Journal Vectra Realty LLC has sold the 277,425-square-foot warehouse at 7101 NW 32nd Ave. in Miami’s Gladview neighborhood for $47.25 million, or about $170.32/sf. The Bergen, N.J., company sold the industrial property to Realterm Logistics of Annapolis, [...]
South Florida Business Journal An affiliate of Starwood Capital Group has purchased Marketplace at the Outlets, a 303,705-square-foot shopping center in West Palm Beach, Fla., for $130 million, or about $428.05/sf. The Miami Beach, Fla., company bought the retail property [...]
Davlyn Investments has entered Nevada, paying $77 million for the 312-unit Sonata apartment property in North Las Vegas. It also bought a property in Phoenix, the 294-unit Boulevard, for $112.5 million. It's aiming for additional investments in the Las Vegas [...]
Commercial Real Estate Direct Staff Report Rents for retail space in the 16 retail corridors tracked by CBRE declined by 1.2 percent in the fourth quarter, to $597/sf. That was the 17th straight quarter in which rents had declined. And [...]
Sonnenblick-Eichner Co. has arranged $39 million of mortgage financing, from Rockbridge Capital, against the 197-room Moxy Portland Downtown hotel in Portland, Ore. The five-year loan allowed the property’s developer and owner, a venture of Graves Hospitality of Minneapolis and KCB [...]
An affiliate of Lincoln Property Co. has paid $43.2 million, or $264.92/sf, for 300 Jubilee, a 163,067-square-foot industrial property in Peabody, Mass. The Dallas developer purchased the property from Brookwood Financial Partners LLC of Beverly, Mass., which had acquired it [...]