New York Life Real Estate Investors has funded $220 million of financing against the 428-unit Opus apartment property in Los Angeles’ Koreatown neighborhood. BWE arranged the financing, which is comprised of a $205 million senior loan and $15 million mezzanine [...]
Commercial Real Estate Direct Staff Report The $232.5 million CMBS loan against the 3.7 million-square-foot Aspiria Office Campus in Overland Park, Kan., has been sold for $183.5 million, or 79% of its principal balance. The transaction was highlighted in a [...]
Washington Business Journal JBG Smith Properties has paid $42.3 million, or $84.60/sf, for the 489,239-square-foot Tysons Dulles Plaza office complex in the Washington, D.C., suburb of McLean, Va. The Bethesda, Md., REIT bought the three-building property, at 1410-1430 Spring Hill [...]
Puget Sound Business Journal Kowa has agreed to lease 317,000 square feet of space at FRED310, a 310-acre industrial property that’s under construction in Frederickson, Wash. The Japanese research, development, and manufacturing firm will occupy the property’s Building D, at [...]
The Real Deal A venture led by Parag Patel has paid $18 million, or $101,000/room, for the 178-room Hilton Garden Inn in Evanston, Ill. The local hotel investor acquired the property from Magna Hospitality Group of Warwick, R.I., which bought [...]
Commercial Real Estate Direct Staff Report Crowdfunding platform EquityMultiple has provided $30 million of senior mortgage financing to facilitate Inspired by Somerset Development’s planned redevelopment of the former headquarters of Commvault Systems Inc. in Tinton Falls, N.J. Inspired, a Holmdel, [...]
The Real Deal Vanbarton Group has completed its $103 million, or $258.65/sf, purchase of the 398,214-square-foot office property at 1011 First Ave. in Manhattan. The New York developer is teaming up with AVRS Partners, also of New York, to redevelop the [...]
South Florida Business Journal Cushman & Wakefield has been hired to market for sale Pompano Citi Centre, a 563,000-square-foot retail property in Pompano Beach, Fla. Sterling Organization of West Palm Beach, Fla., owns the open-air shopping center, which sits on [...]
Commercial Property Executive Hunt Midwest has started construction on the first phase of Simpsonville 64 Logistics Park, a 3.3 million-square-foot industrial development in Louisville, Ky. The Kansas City, Mo., company is constructing the project at the intersection of Highway 1848 [...]
Orlando Business Journal Bell Partners has paid $137 million, or $281,314/unit, for 525 Avalon Park, a 487-unit apartment complex in Orlando, Fla. The Greensboro, N.C., company purchased the property from Oxford Properties of Atlanta, which had acquired it in 2016 [...]
