Commercial Observer Citadel Senior Housing has paid $45 million, or $152,542/unit, for the 295-unit Kittay Senior Apartments at 2550 Webb Ave.in the Bronx, N.Y. The Brooklyn, N.Y., company bought the property from New Jewish Home, which had owned it for [...]
Commercial properties in New York City accounted for $33.7 billion, or 30.2% of the city's $111.6 billion budget during its latest fiscal year, which runs through June. The post Commercial Properties in N.Y. Funded Nearly Third of City’s Budget in [...]
Commercial Real Estate Direct Staff Report Canyon Partners Real Estate has provided a $47 million senior loan against American House Oak Park, a 174-unit seniors housing property in Oak Park, Ill. The loan was arranged by Newmark on behalf of [...]
Cohen & Steers Inc. has made a $300 million investment in Hudson Pacific Properties Inc., making a bet on the West-coast office market. The purchase gives it a 19.9% stake in the Los Angeles REIT. Hudson Pacific owns 43 office [...]
Pitney Bowes Inc. has leased 76,208 square feet at Converge Logistics Center, a 510,831-sf industrial complex in Phoenix. The shipping technology company has signed a seven-year agreement with the property’s developer and owner, ViaWest Group, which was represented by Cushman [...]
An investor group comprised of Kennedy Wilson, Kenedix Inc., and Hulic Co. has paid $173 million, or $652,830/unit, for the 256-unit Danforth apartment property in Seattle. The venture bought the 16-story property, at 1425 Spring St., straddling the First Hill [...]
Commercial Observer Webster Bank has provided $48 million of financing for the development of the 351-room JFK Fiona 34 hotel near John F. Kennedy International Airport in Queens, N.Y. The property, at 143-02 135th St. is being developed by McSam [...]
Walker & Dunlop Investors Partners has raised $135 million of commitments for its seventh value-add/opportunistic investment fund. The vehicle, Walker & Dunlop Investment Partner Fund VII, is a follow-up to Fund VI, through which the investment manager in 2021 raised [...]
Crain’s Chicago Business Exposition Residential has paid $32 million, or $450,704/unit for the 71-unit Scott Residences, apartment property in Chicago. The Houston company bought the property, at 211 West Scott St., from a venture of JDL Development and Harlem Irving [...]
The Real Deal Hasta Capital has lined up a $58.3 million loan for its purchase of Aris Market Square, a 274-unit apartment building in downtown Houston. The Mexico City investor purchased the 32-story property from its developer, Hines of Houston, which [...]
