Commercial Real Estate Direct Staff Report Kingsbarn Realty Capital has paid $105 million, or $908.39/sf, for the 115,589-square-foot 1601 Vine office property in Los Angeles. The Las Vegas investment manager purchased the property from its developer, J.H. Snyder of Los [...]
Commercial Real Estate Direct Staff Report Paramount Group has sold a 45% stake in 900 Third Ave. in midtown Manhattan for $95 million, valuing the 591,276-square-foot office building at just more than $210 million, or nearly $357/sf. The buyer could [...]
Commercial Real Estate Direct Staff Report Newmark has provided $110.2 million of Fannie Mae mortgage financing against the 480-unit Cityfront Place apartment property in Chicago. The five-year loan requires interest-only payments for the first three years, then begins amortizing. It [...]
BisNow Kirkland & Ellis has leased 131,000 square feet at the 900 Third Ave. office building in midtown Manhattan. The 591,276-sf building is owned by a venture led by Paramount Group of New York and was 68.9% occupied as of [...]
South Florida Business Journal Gazit Horizons has paid $35.4 million, or $248.97/sf, for the Galt Ocean Marketplace, a 142,183-square-foot retail property in Fort Lauderdale, Fla. The North Miami Beach, Fla., company, a subsidiary of Gazit Globe of Israel, purchased the [...]
Commercial Real Estate Direct Staff Report Sunstone Two Tree has paid $45 million, or $225,000/unit, for the 200-unit Terraza Hills Apartments in El Cajon, Calif., roughly 20 miles east of San Diego. The Westlake Village, Calif., investment manager, which pursues [...]
Tampa Bay Business Journal Asana Partners has bought Grand Plaza, a 105,000-square-foot shopping center in Tampa, Fla., for $36 million, or $342.86/sf. The Charlotte, N.C., developer purchased the retail property from CPI Ltd. Inc. of Clearwater, Fla., which had bought [...]
REBusiness Online A venture of Sansone Group and Clous Road Partners will break ground this summer on a 212,000-square-foot cold-storage facility at 5600 Groveport Road in Columbus, Ohio. Sansone, of St. Louis, and Clous, of Cincinnati, are building the property [...]
Commercial Real Estate Direct Staff Report IRA Capital, which last June paid $78 million, or $308,300/unit, for the 253-unit Quail Park of Lynnwood in the Seattle suburb of Lynnwood, Wash., has lined up $58 million of mortgage financing against the [...]
Commercial Observer Intuit has expanded its footprint at the 51 Astor Place office building in Manhattan’s Midtown South submarket by 77,000 square feet, to 115,000 sf. The technology company has occupied 38,000 sf since 2023. Its expansion has a 10-year [...]
