A venture of Midloch Investment Partners and Fountain Real Estate Capital has paid $19.05 million, or $144.80/sf, for the 131,558-square-foot Tradesmen industrial property in Madison, Wis. Midloch, of Chicago, and Fountain, of Minneapolis, acquired the property from its developer, a [...]
REBusiness Online Ground has broken on the 557,339-square-foot East Bay Trade Center industrial project in Baytown, Texas. A venture of Rockefeller Group of New York and Falcon Commercial Development of Dallas is building the two-building property on 39 acres at [...]
JLL Capital Markets has provided $33.24 million of Fannie Mae financing against the 169-unit Risor of Maple Grove apartment property in the Minneapolis suburb of Maple Grove, Minn. The five-year loan pays a fixed rate and allows the property’s developer [...]
Commercial Real Estate Direct Staff Report American Hotel Income Properties REIT LP last month sold three of its hotels with 353 rooms for $41.2 million. The Vancouver, British Columbia, company said the prices the properties generated resulted in an average [...]
Yield Pro MF1 Capital has provided $132.5 million of bridge financing against The Villas at Tuttle Royale, a 401-unit residential community in Royal Palm Beach, Fla. The Lynd Group of San Antonio lined up the loan to retire $126 million [...]
Landmark Properties has broken ground on Standard at West Lafayette, a 253-unit student-housing complex in West Lafayette, Ind. The Athens, Ga., developer is constructing the property along West Wood Street, between Pierce Street and South Chauncy Avenue. BMO Bank provided [...]
Commercial Real Estate Direct Staff Report Fox News is expected to remain at the 2 million-square-foot 1211 Ave. of the Americas office building. Kroll Bond Rating Agency had downgraded four bond classes of 1211 Ave. of the Americas Trust, 2015-1211, which [...]
The Real Deal Yellowstone Real Estate Investments has filed plans to convert the 603,928-square-foot office building at 1740 Broadway, three blocks from Central Park in Manhattan, into 422 apartment units. The conversion is expected to cost $34.7 million. The New [...]
REBusiness Online Logistics Plus Inc. has leased 1 million square feet at the 1.22 million-sf Millstone 8 Logistics Center industrial property in the central New Jersey township of Millstone. The fully leased property is owned by a venture of Crow [...]
Commercial Real Estate Direct Staff Report Bank OZK, which five years ago had led the $173.5 million financing package for the construction of the 300 North Michigan Ave. mixed-use building in downtown Chicago, has charged off its loan position by $16.9 [...]
