Commercial Real Estate Direct Staff Report MG Properties has paid $309 million, or $1.1 million/unit, for the 280-unit Park 12 Apartments in San Diego. The San Diego investment manager purchased the property from Greystar of Charleston, S.C., which was represented [...]
Lending under the U.S. Department of Housing and Urban Development's various multifamily and healthcare property funding programs totaled $3.55 billion during the three months through last December, the agency's first fiscal quarter of 2025. That was up 40.7% from the [...]
Commercial Observer Slate Asset Management has paid $28.3 million, or $555.90/sf, for the 50,908-square-foot, mixed-use property at 2283 Third Ave. in the East Harlem section of Manhattan. The Toronto investment manager bought the property from Rockfeld Group of New York, [...]
The Promote DAOL Asset Management, which holds a $205 million mezzanine loan against the 511,208-square-foot 285 Madison Ave. office building in Manhattan, is planning to take over the building through an April 15 Uniform Commercial Code foreclosure auction. Marketing for [...]
Crain’s Chicago Business NORC has agreed to lease 65,606 square feet of office space at 300 East Randolph St. in Chicago. The research group is relocating to the 2.3 million-sf property from 55 East Monroe St., where it leases 118,000 [...]
Affinius Capital has provided $34 million of financing against the 203-unit Main & Mill Apartments in Lewisville, Texas, a far northern Dallas suburb. The loan allows the property’s owner, AMAC Development, to take out $29.3 million of construction financing that [...]
Jersey Digs Invel Capital has paid $39 million, or $351,351/unit, for Waldwick Station, a 111-unit apartment property in the Bergen County, N.J., borough of Waldwick. The New York investor bought the property from a venture of Russo Development of Carlstadt, [...]
Crain’s Chicago Business Citadel is said to be leasing 55,000 square feet of office space at 353 North Clark St. in Chicago. That’s an 82.5% reduction from the 315,000 sf that the hedge fund is currently leasing at 131 South [...]
Commercial Property Executive A joint venture of Ryan Cos. and Alidade Capital has broken ground on the Chandler Freeways Business Park, a 190,475-square-foot industrial building in Chandler, Ariz. Ryan, of Minneapolis, and Alidade, of Bloomfield Hills, Minn., are building the [...]
Washington Business Journal Freshfields has signed a lease for 117,000 square feet of space at the Midtown Center office complex in Washington, D.C. It will be relocating from the 52,000 sf it occupies at 700 13th St. NW. The law [...]
