Commercial Property Executive California Bank & Trust has provided a $34.5 million loan for the purchase of the 260,112-square-foot SouthTech Business Center in Austin, Texas KBS Realty Advisors has sold the industrial property to an unidentified investor completing a 1031 [...]
Commercial Real Estate Direct Staff Report PGIM has provided $74.5 million of financing to facilitate Stonepeak’s $125 million, or $73.53/sf, purchase of a portfolio of three industrial buildings totaling 1.7 million square feet in Elwood, Ill. Stonepeak, a New York investment [...]
AZ Big Media A venture of Hardy World LLC and Silver Creek Development has broken ground on the 150,615-square-foot third phase of the Level Crossing industrial development in Surprise, Ariz. Hardy World, of Bentleyville, Pa., and Silver Creek, of Beverly [...]
KKR & Co. is buying a portfolio of 19 student-housing properties with more than 10,000 units scattered across 10 states for $1.64 billion. The New York investment manager is purchasing the portfolio through its KKR Real Estate Partners America III [...]
Triangle Business Journal REIT Place Rentas has proposed building a 234-unit apartment project in the Midtown section of Raleigh, N.C. The project, dubbed Mellow Field, is being planned for a 1.65-acre development site at 2661 Mellow Field Drive, which the [...]
Commercial Real Estate Direct Staff Report Apartment property sales in New York City totaled $1.44 billion in the first quarter, up 23 percent from the same time last year, according to Ariel Property Advisors. But property sales are on pace [...]
Orlando Business Journal An affiliate of Duvalla Investments has bought The Fulcrum, a 127,632-square-foot office building in downtown Orlando, Fla., for $9 million, or about $70.52/sf. The Maitland, Fla., company purchased the property from a venture of Third & Urban [...]
Commercial Real Estate Direct Staff Report Top 10 Properties has paid $21.8 million, or $232.60/sf, for Pinnacle Peak Commerce Center, a 93,725-square-foot industrial property in Phoenix. The Gilbert, Ariz., company purchased the property from an affiliate of Nicola Wealth Real [...]
AZ Big Media EQT Exeter has paid $60.1 million, or $93.63/sf, for I-10 Gateway, a 641,906-square-foot industrial property in Buckeye, Ariz. The Radnor, Pa., REIT purchased the property from its developer, BET Investments, in a deal brokered by Cushman & [...]
REBusiness Online A venture of Principal Asset Management and Vigavi has broken ground on Westport 45, a 728,800-square-foot industrial project in Houston. The property is being built on a 42-acre site at 410 West Road, near the intersection of Beltway [...]
