The volume of activity in the sale-leaseback market more than doubled during the first quarter from a year ago to $3.82 billion, according to SLB Capital Advisors. Volume was driven by three substantial deals. The post Sale-Leaseback Activity Jumps in [...]
Crain’s Chicago Business Kohan Retail Investment Group is under contract to buy the 1.31 million-square-foot office building at 311 South Wacker Drive in Chicago. Details of the agreement are not yet clear, but the buzz is that the sales price [...]
Commercial Property Executive Northwestern Mutual has provided $60 million of financing against the 1 million-square-foot building A at Meridian Business Park in Riverside, Calif. The five-year loan takes out $28.8 million of financing that Massachusetts Mutual Life Insurance Co. provided [...]
Commercial Real Estate Direct Staff Report The Federal Trade Commission’s plan to move out of the 251,805 square feet it occupies at the Constitution Center in Washington, D.C., has contributed to Standard & Poor’s decision to downgrade three senior classes [...]
Commercial Observer Maxim Capital Group has provided $26.5 million of construction financing for the 100-unit residential condominium property proposed for 500 East 81st St. on Manhattan’s Upper East Side. The property is being developed by Rybak Development of Brooklyn, N.Y. [...]
Commercial Observer Empire Capital Holdings has agreed to pay $130 million, or $384.62/sf, for a pair of neighboring office properties with 338,000 square feet at 373 and 381 Park Ave. South in Manhattan’s Flatiron district. The New York investor is [...]
Minneapolis/St. Paul Business Journal Remedy Medical Properties has paid $24.8 million, or $278.65/sf, for Arbor Lakes Medical, an 89,000-square-foot medical office property in Maple Grove, Minn. The Chicago company purchased it from an affiliate of Olympus Ventures LLC. The property [...]
Commercial Observer Phoenix Realty Group has paid $54.5 million, or $173,566/unit, for the 314-unit Carol Gardens apartment property at 820 and 880 Thieriot Ave. in the Bronx, N.Y. The New York investor acquired the buildings from Camber Property Group, also [...]
Commercial Real Estate Direct Staff Report The 891,128-square-foot Central Plaza in Los Angeles has been reappraised at $109 million, a nearly 23% reduction from the $141.3 million appraised value pegged to it in 2014, when a $94 million mortgage was [...]
Commercial Observer Camber Property Group has paid $72 million, or $393,442/unit, for the 183-unit apartment property at 2886 Atlantic Ave. in the Cypress Hills section of Brooklyn, N.Y. The New York developer acquired the recently completed property from Jay Group [...]
