BisNow Shorenstein Properties has paid $96 million, or $200.42/sf, for the 479,000-square-foot life-sciences campus at 4-18 Crosby Drive in the Boston suburb of Bedford, Mass. The San Francisco investment manager bought the eight-building property from a venture of Jumbo Capital [...]
Houston Business Journal LM & Associates has bought Timberway One, a 93,578-square-foot office building in Houston’s Energy Corridor for an undisclosed price. The local company purchased the three-story property from Banyan Street Capital of Miami, which had acquired it as [...]
Growth Spotter An affiliate of Investcorp has paid $125 million, or about $152.44/sf, for the American Industrial Center, an 820,000-square-foot property in Longwood, Fla. The New York investment manager purchased the massive complex from Starwood Capital Group, which had bought [...]
Commercial Real Estate Direct Staff Report An affiliate of Crown Acquisitions has paid $118.5 million, or $286.74/sf, for the 413,261-square-foot office property at 340 Mount Kemble Ave. in the New York suburb of Morris Township, N.J. The New York investor, [...]
Commercial Real Estate Direct Staff Report An affiliate of AGC Equity Partners has paid $69 million, or $204.52/sf, for Ali’i Place, a 337,370-square-foot office property in Honolulu. The London investment firm purchased the 23-story property from Bristol Group of San [...]
REBusiness Online Palladius Capital Management has lined up $31.2 million of financing for its purchase of The Lodge, a 696-bed student-housing property in San Marcos, Texas. Tremont Realty Capital provided the floating-rate bridge loan, which has a three-year term but [...]
Commercial Real Estate Direct Staff Report A venture of Cross Ocean Partners and Palisade Group has paid $69.4 million, or $311.68/sf, for the 222,667-square-foot Park Calabasas office property in Calabasas, Calif. Cross Ocean, of Greenwich, Conn., and Palisade, of Los [...]
South Florida Business Journal Calta Group has lined up $53.69 million of financing for the construction of Caltopia Hollywood, a 251-unit apartment complex in Hollywood, Fla. Forman Capital of Boynton Beach, Fla., provided the loan, which was arranged by Lenders [...]
Commercial Observer Northmarq has provided $78.4 million of Fannie Mae financing, with a 10-year term, against a portfolio of five apartment properties with 216 units on Manhattan’s Lower East Side. The properties are owned by Paul Stallings of New York. [...]
Commercial Real Estate Direct Staff Report Wells Fargo Bank has provided a $73.5 million senior mortgage, while TDA Investment Group provided $34.75 million of mezzanine financing against the 193-unit Ventana Residences in San Francisco. The 10-year financing allowed the property’s [...]
