Commercial Real Estate Direct Staff Report By most measures, the Penn Square Mall in Oklahoma City is a relatively solid performer. It was 94% occupied as of last September and generated twice the cash flow needed to fully service its [...]
The major hotel-owning REITs - 10 companies with 178,709 rooms - reported occupancy of 67.67% in the fourth quarter, essentially flat when compared with a year ago. RevPAR, meanwhile, averaged $184.11 in the latest quarter, up from $180.65 a year [...]
South Florida Business Journal A venture of Cerberus Capital Management and Newland Realty Capital has bought the Carlisle Palm Beach seniors-housing property in Lantana, Fla., for $67 million, or $230,241/unit. Cerberus, a New York private equity firm, and Newland, of [...]
Long-time commercial real estate capital markets specialist Daniel Lisser has joined Lee & Associates as senior managing director. He joined the company’s New York office from Marcus & Millichap, where he was managing director. At Lee & Associates, Lisser, who [...]
NewPoint Real Estate Capital has provided $82 million of Fannie Mae financing to facilitate BLDG Partners’ $108 million, or $275,510/unit, purchase of the 392-unit Park Vista Apartment Homes in Anaheim, Calif. The seven-year loan requires only interest payments for the [...]
Commercial Observer Apollo Global Management is in talks to lease nearly 100,000 square feet at the 1.1 million-sf 590 Madison Ave. office building in midtown Manhattan. The company will vacate the 71,291 sf it occupies at the 1.2 million-sf 3 [...]
Commercial Real Estate Direct Staff Report Kennedy Wilson has paid $43.75 million, or $213.98/sf, for the 204,458-square-foot Auburn Park 44 industrial property in the Seattle suburb of Auburn, Wash. The Beverly Hills, Calif., investment manager bought the property, at 814 [...]
Commercial Observer Rockwood Capital has paid $153 million, or $470.76/sf, for the 325,000-square-foot Victor Building at 750 Ninth St. NW in Washington, D.C. The San Francisco investment manager acquired the 116-year-old building from a venture of Brookfield Property Partners and [...]
Commercial Property Executive Webster Bank has provided $45 million of financing against OrthoIndy South, a 77,600-square-foot medical office building in Greenwood, Ind. OrthoIndy of Indianapolis owns the property, having paid $51.8 million for it in 2020. It had financed its [...]
Commercial Real Estate Direct Staff Report Clarion Partners Real Estate Income Fund Inc. has made its first investment in the industrial outdoor storage arena, providing a $66.5 million mortgage against a portfolio of eight properties owned by a venture led [...]
