The San Diego investment manager has made $1.82 billion of apartment property investments this year, up sharply from the $677 million of deals it completed last year. It remains optimistic for the new year and expects to be active on [...]
ConnectCRE PGIM Real Estate has purchased a majority stake in the Napa Green Apartments in Napa, Calif., in a deal that values the 166-unit property at $45 million, or $271,084/unit. Interstate Equities Corp. of Los Altos, Calif., sold the stake [...]
REBusiness Online ClearWorth Capital has lined up $30.35 million of Fannie Mae financing for its purchase of Forum at Grand Prairie, a 304-unit apartment property in Grand Prairie, Texas. The fixed-rate loan pays only interest for the life of its [...]
Commercial Property Executive COFE Properties has bought two industrial properties with a total of 307,492 square feet in Charleston, S.C., for $48.3 million, or about $157.08/sf. The Miami company purchased the properties from Citimark, which had acquired them four years [...]
REBusiness Online Terra has lined up $170 million of construction financing for phase one of the Upland Park mixed-use project in the Miami suburb of Sweetwater, Fla. SCALE Lending, the debt financing arm of Slate Property Group, provided the loan. [...]
REBusiness Online Unity Lodging LLC has sold the Courtyard by Marriott Houston NW/290 Corridor hotel in Houston. Details about the buyer and purchase price were not immediately known. Marcus & Millichap brokered the deal. The 112-room property, at 6708 Gessner [...]
DJC Oregon Ares Management has paid $21.15 million, or $191.45/sf, for Coffee Creek Logistics Center, a 110,470-square-foot industrial property in Wilsonville, Ore. The Los Angeles investor purchased the property from LaSalle Investment Management, which was represented by CBRE. The property [...]
REBusiness Online Virtu Investments has sold Barclay Village, a 146-unit apartment complex in Oregon City, Ore., for $29.2 million, or $200,000/unit. The Larkspur, Calif., investment firm was represented by CBRE in the deal with an unnamed buyer. The property, at [...]
Crain’s New York Business Forethought Life Insurance Co. and Kookmin Bank have filed a lawsuit to foreclose against the $85 million loan they hold on the 283,465-square-foot office property at 3 East 54th St. in Manhattan. The building, constructed in [...]
San Francisco Business Times Highgate has given the keys to the 686-room Hyatt Regency hotel in San Francisco to its lender, an affiliate of Blackstone Mortgage, in a deed-in-lieu of foreclosure. The New York company failed to pay off the [...]
