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 [...]
Charlotte Business Journal Rise48 Equity has paid $31 million, or $155,000/unit, for Arrowood Crossing, a 200-unit apartment property in Charlotte, N.C. The Scottsdale, Ariz., investor acquired it from KE Andrews of Dallas. The property, at 2109 Arrowcreek Drive, serves as collateral [...]
REBusiness Online Panattoni Development Co. has broken ground on the 467,000-square-foot first phase of the Crossroads Commerce Center in Gardner, Kan. The Irvine, Calif., company is building the industrial property at the intersection of 175th Street and Clare Road, about [...]
Commercial Real Estate Direct Staff Report Apartment construction starts remained muted during the first quarter, as work got underway on 83,000 units, according to the U.S. Census Bureau. While that’s up from the 75,000 units that got started during the [...]
Commercial Property Executive City National Bank has provided $70 million of financing against Northpark Plaza, a 125,642-square-foot retail center in Irvine, Calif. The property, which is owned by Irvine Co. of Newport Beach, Calif., had previously been encumbered by a [...]
Citybiz Grover Corlew has lined up $61 million of financing against a pair of neighboring office buildings totaling 176,103 square feet in Boca Raton, Fla. Wells Fargo Bank provided the financing, which will be included in an upcoming CMBS deal. [...]
Yield Pro ACORE Capital has provided $48 million of floating-rate financing against the Westshore Palm Bay Apartments in Palm Bay, Florida. Northshore Development of Orlando, Fla., owns the 248-unit complex at 2331 Commerce Park Drive NE, which was built two [...]
ConnectCRE Graycliff Capital has bought Highline North, a 168-unit apartment complex in Asheville, N.C., for $43.75 million, or $260,417/unit. The Greenville, S.C., development and investment company purchased the property from Carlisle Residential Properties of Greensboro, N.C. Berkadia brokered the sale [...]
Mesa West Capital has provided $50.4 million of financing against the recently completed Ames Apartments in the Charleston, S.C., suburb of Summerville, S.C. The 304-unit property sits on 10.5 acres at 3800 Zephyr Road within the Nexton master-planned community. It [...]
Lincoln Equities has paid $113 million, or $664,706/unit, for the 170-unit Ocean Gate apartment property in the Jersey Shore community of Long Branch, N.J. The East Rutherford, N.J., investor, which is planning to convert the property into for-sale condominiums, bought [...]
