BisNow Klaviyo has added 159,604 square feet to the 159,860 sf it had occupied at the 125 Summer St. office building in downtown Boston. The email marketing company now leases nearly 52% of the 495,000-sf building, owned by Oxford Properties Group, [...]
Commercial Observer Conserve Holdings has bought Cove at Pine Ridge, a 210-unit apartment complex in Lyman, S.C., for $32.9 million, or $156,667/unit. The Toms River, N.J., real estate investor purchased the property from its developer, Universal Development & Construction of [...]
Commercial Property Executive Spin Master has agreed to lease 132,300 square feet of office space at the Collective, a 204,724-sf office campus in Playa Vista, Calif. The entertainment company was represented by JLL and Madison Partners, while the owner of [...]
Commercial Real Estate Direct Staff Report A venture of Crawford Hoying and BentallGreenOak, or BGO, has sold the 179,000-sqaure-foot cold-storage facility at 2865 Charter St. in Columbus, Ohio, for $75.7 million, or $422.91/sf. Crawford, of Dublin, Ohio, and BGO, of [...]
Commercial Observer The 81,348-square-foot office property at 185 Marcy Ave. in the Williamsburg section of Brooklyn, N.Y., has sold for $28.7 million, or $352.80/sf, to Rivington Co., which plans to convert three of the six-story building’s floors into apartments. The [...]
The Brookfield Property Partners venture that owns the Natick Mall in the Boston suburb of Natick, Mass., has negotiated a two-year term extension of the property's $505 million mortgage. The modification included a nearly $50 million principal paydown. Meanwhile, the [...]
Commercial Real Estate Direct Staff Report A Houston investor group has acquired three office buildings with 570,045 square feet in Houston’s Energy Corridor in a deal that involved the assumption of a long-troubled CMBS loan. The investor group, LFFP Ashford [...]
The $36.93 billion of loans backing the 12 CMBS conduit deals that priced during the first quarter carried a weighted average coupon of 6.615%, down from 7.07% a year ago and 6.706% for the 38 conduit deals that priced in [...]
Commercial Real Estate Direct Staff Report The $53 million CMBS loan against the 738-unit Euclid Apartments in the Cleveland suburb of Euclid, Ohio, has been classified as being more than 60 days late with its debt-service payment. As a result, [...]
Commercial Observer The 331-unit Silverwoods apartment property in Toms River, N.J., has changed hands for $59 million, or $178,247/unit. The property, at 1700 Route 37 West, was purchased by Mathias Deutsch and Isidore Bleir, a pair of Lakewood, N.J., investors [...]
