Commercial Real Estate Direct Staff Report Tanger Inc. has paid $167 million for the Pinecrest lifestyle retail center in the Cleveland suburb of Orange Village, Ohio. The Greensboro, N.C., REIT bought the open-air property’s 376,000 square feet of retail space, [...]
Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Moody’s Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 11.23 30.00 2.73 AAA Aaa AAA J-spread A-2 21.00 30.00 4.97 AAA Aaa AAA [...]
Commercial Real Estate Direct Staff Report Goldman Sachs and Barclays Capital Real Estate Inc. have provided $500 million of mortgage financing against the 586,208-square-foot office property at 1655 and 1725 3rd St. in San Francisco that serves as the headquarters [...]
ConnectCRE Round1 Bowling & Arcade has signed a lease for 80,300 square feet at the 686,962-sf Shops at Skyview retail center in the Flushing section of Queens, N.Y. The property, at 40-24 College Point Blvd., is owned by the ShopCore [...]
Savannah Business Journal LBA Logistics has bought the 491,329-square-foot 50 Innovation Drive industrial property in Savannah, Ga. JLL Capital Markets brokered the deal. The seller and sales price were not yet known. The property is about six miles from the [...]
Invesco Real Estate has paid $62.75 million, or $239.55/sf, for three light-industrial buildings with a total of 261,950 square feet in the Rockland County, N.Y., town of Valley Cottage. The investment manager bought the properties from a venture of Lincoln [...]
The Hilton Portland Downtown and Duniway hotels, with a total of 782 rooms in Portland, Ore., have been reappraised at a value of $151.3 million, well less than the $240 million of mortgage financing that had been outstanding against them. [...]
Commercial Observer Capital One has added 96,606 square feet to the 116,926 sf it occupies at the 114 Fifth Ave. office building in Manhattan’s Flatiron area. The 351,450-sf building is owned by a venture of L&L Holding Co., Columbia Property [...]
Commercial Real Estate Direct Staff Report Goodman Real Estate has paid $131 million, or $337,628/unit, for the 388-unit Town Deer Valley apartment property in Phoenix. The Seattle investor purchased the property from its developer, a venture of Rockpoint Group of [...]
Crain’s Chicago Business RXO Inc. is offering for sublease 76,000 square feet of office space at Green Exchange, a 272,000-square-foot office property in Chicago. The last-mile logistics provider takes a total of 190,000 sf at the property on a deal [...]
