Denver Business Journal AJ Capital Partners has paid $102 million, or $637,500/room, for the 160-room Hotel Boulderado in Boulder, Colo. The Nashville, Tenn., investment manager lined up $62.7 million of financing to facilitate its purchase. Frank Day, a local restaurant [...]
Commercial Observer Easterly Government Properties has paid $119 million, or $407.76/sf, for the 291,838-square-foot Capitol Plaza I office property in Washington, D.C. The Washington REIT bought the 19-year-old building from Principal Financial Group, which had purchased it in 2011 for $149.5 [...]
Commercial Property Executive Manulife Investment Management has lined up $68.3 million of financing for its purchase of the Arcadia Jacksonville cold-storage facility in Jacksonville, Fla. The Toronto company teamed with Harel Insurance Investments and Financial Services Ltd. to buy the [...]
South Florida Business Journal Estes Express Lines has bought the 65,418-square-foot freight facility at 11301 NW 134th St. in Medley, Fla., for $19 million, or $290.44/sf. The Richmond, Va., trucking company purchased the 16.55-acre industrial property from Southeastern Freight Lines [...]
Commercial Real Estate Direct Staff Report The appraised value of the 229-room W Minneapolis hotel has dropped to $62.5 million. The latest appraisal, highlighted this morning in a TreppWire report, compares to the $68.5 million value pegged to the Minneapolis [...]
The Real Deal Affinius Capital and InterVest have provided a $275 million loan for the development of Milano Residences, a 311-unit residential property in midtown Manhattan. The property, at 986 6th Ave., is being developed by a venture of Sioni [...]
Commercial Observer A venture of Blue Vista Capital Management and Cabot, Cabot, & Forbes has lined up $212 million in financing against Overlook at St. Gabriels, the 555-unit apartment property at 175 Washington St. in the Brighton neighborhood of Boston. [...]
ConnectCRE A group led by Ledcor Development has broken ground on the 213-unit ALARA Apartments in San Diego. The Vancouver, British Columbia, company is building the property at the southwest corner of C and 30th streets. It will have studio, [...]
Commercial Real Estate Direct Staff Report Burlington Distribution has paid $257.05 million, or $289/sf, for the 889,445-square-foot industrial property at 21600 Cactus Ave. in Riverside, Calif. The company, an affiliate of retailer Burlington Stores, purchased the property from BlackRock, which [...]
Commercial Real Estate Direct Staff Report California Landmark Group has sold the BW, a 78-unit apartment property in Los Angeles, for $58.1 million, or $744,871/unit. The Los Angeles company sold the property to FAMH Group Ltd. in a deal brokered [...]
