Triangle Business Journal Sterling Legacy Real Estate has paid $40.5 million, or $165,306/unit, for a portfolio of three apartment properties with a total of 245 units in Wake County, N.C. The Stowe, Vt., company purchased the properties from a venture [...]
Atlanta Business Chronicle Hines Global Income Trust Inc. has purchased a pair of large industrial buildings totaling more than 2.2 million square feet near Savannah, Ga., for $194.4 million, or $88.36/sf. The Houston company purchased the properties from The Davis [...]
Jacksonville Business Journal Huber Equity Group has bought Renaissance at Strawberry Creek, a 195-unit apartment complex in Jacksonville, Fla., for $23.36 million, or $119,795/unit. The Columbus, Ohio, private equity firm acquired the 14-building property from The Focus Group of San [...]
South Florida Business Journal A company led by billionaire investor Grant Cardone has placed a $230 million stalking horse bid for the 101 Via Minzer Apartments in Boca Raton, Fla. The 366-unit property was scheduled for a Uniform Commercial Code foreclosure [...]
Crain’s Chicago Business Acres Capital has provided $55 million of financing for the construction of One Winnetka, with 59 apartment units and 20,000 square feet of retail space in Winnetka, Ill. Two Chicago companies, Murphy Development Group and Harrison Street, [...]
LBA Logistics has paid $27.85 million, or $153.36/sf, for the 181,600 square-foot industrial property at 1095 Spice Island Drive in Sparks, Nev. The Irvine, Calif., investment manager purchased the property from an unnamed seller in a deal brokered by NAI [...]
The volume of CMBS loans that are more than 30 days late with their payments increased by $629 million last month to $42.61 billion, according to Trepp Inc. That amounts to 7.08% of the $601.6 billion universe that Trepp tracks [...]
Dallas Business Journal Brookfield Property Partners expects to own the Town East Mall in the Dallas suburb of Mesquite, Texas, “for the foreseeable future,” according to a company spokesperson. The company was in danger of losing it to foreclosure. It [...]
Commercial Real Estate Direct Staff Report JPMorgan Chase Bank has provided $7.1 billion of financing for the construction of the second phase of Lancium Clean Campus, a 1.2-gigawatt data center in Abilene, Texas. Newmark arranged the loan on behalf of [...]
Commercial Real Estate Direct Staff Report BXP Inc. is expecting it will be able to charge rents of $200/sf to $300/sf at the 950,000-square-foot office building it’s constructing at 343 Madison Ave. in midtown Manhattan. The Boston REIT owns the [...]
