Commercial Real Estate Direct Staff Report The venture that owns the 1,328-unit Independence Plaza apartment complex in Manhattan’s Tribeca area has lined up a $675 million mortgage from Deutsche Bank, Morgan Stanley, Wells Fargo Bank, and Bank of America, allowing [...]
San Francisco Business Times The 1.82 million-square-foot office property at 555 California St. in San Francisco is set to lose two tenants that lease a combined 140,188 square feet of space. The two are Fenwick & West, which will be [...]
Realty Income Corp., among the largest players globally in the net-leased sector, has moved into the investment management business with the launch of its Realty Income U.S. Core Plus Fund LP. It has seeded the open-ended vehicle with 184 industrial [...]
Commercial Observer Madison Realty Capital has provided $71 million of financing for the development of a 208-unit apartment property at 131 Danbury Road in Wilton, Conn. Arrow Real Estate Advisors arranged the financing. The property is being developed by a [...]
REBusiness Online Koelsch Communities has opened the 188-unit Karlo Apartments at 8811 31st Ave. NE in Lacey, Wash. The Olympia, Wash., company started work on the $66.5 million project in 2022. Karlo has one-, two-, and three-bedroom units that range [...]
Commercial Real Estate Direct Staff Report SomeraRoad Inc. has paid $100 million, or $352,112/room, for the 284-room Hotel Bossert in Brooklyn, N.Y. The New York opportunistic investor bought the property, at 98 Montague St., from Beach Point Capital of Santa [...]
Triangle Business Journal Ramm Capital Partners has sold the 145,000-square-foot warehouse building at 310 North Corporate Drive in Wilmington, N.C., for $27.5 million, or $189.66/sf. MT96 Crosspoint LLC, which is led by Henry Miller III of Wilmington, purchased the industrial [...]
Commercial Real Estate Direct Staff Report Hanover Co. has raised $125 million for its Hanover Opportunities Fund, which pursues investments in land and buildings that can be redeveloped. The fund is the first for Hanover, a Houston developer that was [...]
Philadelphia Business Journal Performance Team has leased the entire 1.2 million-square-foot Box Park Logistics Center in the Philadelphia suburb of Cinnaminson, N.J. The industrial property, at 995 Taylors Lane, is owned by Logistics Property Co. of Chicago, which was represented [...]
Commercial Observer BridgeCity Capital has provided $34.3 million of financing for the development of an 89-unit apartment property at 34-20 38th St. in the Astoria section of Queens, N.Y. The property is being developed by Elmord Management of Brooklyn, N.Y., [...]
