REBusiness Online LCOR has broken ground on Hoboken Connect, a mixed-use property with 386 apartment units and 704,355 square feet of office space at 113 Observer Highway in Hoboken, N.J. The property also will have 5,000 sf of retail and [...]
Commercial Real Estate Direct Staff Report Mill Creek Residential has paid $26.25 million for a 139,223-square-foot development site in Kirkland, Wash., on which it will develop an apartment property. The Boca Raton, Fla., developer purchased the property from Totem Bowl [...]
Commercial Observer L+M Fund Management has paid $84.6 million, or $53,207/unit, for Knickerbocker Village, a 1,590-unit affordable-housing property in lower Manhattan. The affiliate of L+M Development Partners of Manhattan acquired the property, at 10-20 Monroe St., from Stellar Management, also [...]
Commercial Observer JPMorgan Chase Bank has provided a $430 million loan against Tower 77, a 766-unit apartment property in Brooklyn, N.Y. The three-building property, at 77 Commercial St., is owned by Clipper Equity of Brooklyn. Galaxy Capital of New York [...]
The Real Deal WS Communities is offering for sale 11 apartment properties with 399 units in Santa Monica, Calif. The local development firm has hired JLL to market the properties, which it has owned since the early 2000s. Nine of [...]
Commercial Real Estate Direct Staff Report The $21.5 million loan against a portfolio of three Oklahoma hotels with 320 rooms has transferred to special servicing as it had defaulted at its maturity last month. The transfer, to special servicer LNR [...]
REBusiness Online BentallGreenOak has paid $44 million, or $425.12/sf, for Baylis 495 Business Park, a 103,500-square-foot industrial property in the Long Island, N.Y., hamlet of Melville, N.Y. The Miami investment manager acquired the property, at 125 Baylis Road, from a [...]
REBusiness Online Confluent Development will break ground later this month on Deer Creek Commerce Center, a 175,000-square-foot industrial property in Littleton, Colo. The Denver company is building the property at the intersection of C-470 and South Kipling Parkway, about 26 [...]
Crain’s Chicago Business Two suburban Chicago apartment properties with a combined 656 units are being offered for sale. Broadshore Capital Partners has hired Berkadia to market for sale Ascend St. Charles, with 400 units at 100 Lakeside Drive in St. [...]
Commercial Real Estate Direct Staff Report QR Real Estate Capital, an affiliate of QuadReal Property Group, has provided $102.5 million of financing for the proposed 228-unit apartment property at 870-888 Atlantic Ave. in Brooklyn, N.Y. QuadReal is a Vancouver, British [...]
