Crain’s Chicago Business A venture of Campari Group and local developer R2 has started converting a 181,305-square-foot office property at 9 West Monroe St. in Chicago into 117 apartment units. Campari, an Italian company whose North American headquarters are in [...]
South Florida Business Journal Codina Partners has sold the 200,600-square-foot warehouse property at 4121 West 91st Place in Hialeah, Fla., for $58.94 million, or $293.82/sf. The Coral Gables, Fla., company sold the industrial building to an affiliate of Property Reserve [...]
Roy Chun, senior managing director and head of Kroll Bond Rating Agency’s CMBS surveillance and research efforts, has retired. He’s being replaced by Rob Grenda, senior director, who had joined KBRA in 2019 from Morningstar DBRS. Grenda had been a [...]
REBusiness Online National Ramp has leased 109,450 square feet at Lincoln Logistics Rockland, a 220,000-sf industrial property in Valley Cottage, N.Y. The property is owned by a venture of Lincoln Equities and PCCP LLC. It has clear heights of 36 [...]
REBusiness Online A venture of Barker Pacific Group and Kingsbarn Realty Capital has paid $32 million, or $137.03/sf, for the 233,531-square-foot Mission Ridge office complex in Mission Viejo, Calif. Barker Pacific, of Los Angeles, and Kingsbarn, of Las Vegas, bought [...]
South Florida Business Journal Arcadia Realty Trust bought Pinewood Square, a 208,413-square-foot retail property in Lake Worth Beach, Fla., for $68 million, or $326.28/sf. The Rye, N.Y., REIT bought the property from Principal Asset Management of Des Moines, Iowa, in a [...]
South Florida Business Journal Public Storage Inc. has purchased two self-storage facilities totaling 278,309 square feet in Broward County, Fla., for $57.35 million. The Glendale, Calif., self-storage REIT acquired the two from affiliates of Jazayri Realty of Pembroke Pines, Fla. [...]
Regency Centers Corp. has acquired the 318,952-square-foot Brentwood Place Shopping Center in the Nashville, Tenn., suburb of Brentwood, Tenn. The Jacksonville, Fla., REIT bought the property, at 330 Franklin Road, from Swift Creek Partners, a Dallas investment manager formed last [...]
Commercial Observer Hudson Bay Capital Management has provided $335 million of financing against three apartment properties with 833 units in Jersey City, N.J., that are owned by Namdar Group. The financing was arranged by Newmark. The three properties are the [...]
Access Point Financial had provided $75 million of mezzanine financing to help fund the construction of the Pendry Hotel and Residences in Nashville, Tenn. The financing from the Atlanta lender, a portfolio company of InterVest Capital Partners, is subordinate to [...]
