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 [...]
Multi-Housing News Wood Partners has broken ground on Alta Flatirons, a 251-unit apartment property in Superior, Colo. The Atlanta company is building the property at Main Street and McCaslin Boulevard, about 22 miles north of Denver and within a 156-acre [...]
Houston Business Journal Pagewood has bought the Crossroads at Brittmoore, a 292,200-square-foot industrial complex in Houston. The local real estate development company teamed up with Long Wharf Capital, a Boston private equity firm, to purchase the property from Abco Industrial [...]
South Florida Business Journal An affiliate of Invesco Real Estate has bought the Marketplace at the Outlets, a 303,776-square-foot retail property in West Palm Beach, Fla., for $133.25 million, or $438.65/sf. The Dallas company purchased the shopping center from an [...]
