The Real Deal Essex Property Trust has paid $161.4 million, or $525,732/unit, for the Plaza, a 307-unit apartment property in Foster City, Calif., about 20 miles south of San Francisco. The San Mateo, Calif., REIT purchased the property from Northwestern [...]
Commercial Observer Dwight Mortgage Trust has provided $148 million of financing to fund the development of a 524-unit apartment property at 94-15 Sutphin Blvd. in the Jamica section of Queens, N.Y. The property, which qualifies for a 35-year tax abatement, [...]
Commercial Real Estate Direct Staff Report Lakevision Capital has paid $285.9 million, or $430,572/unit, for the 664-unit Parkside Esterra Park apartment property in Redmond, Wash. The San Jose, Calif., apartment investor purchased the property from Willow Bridge Property Co. of [...]
Commercial Observer Kennedy Wilson has provided $84 million of financing for the development of a 237-unit apartment property at 425 Montgomery St. in Alexandria, Va. The property is being developed by a venture of Carr Properties of Washington, D.C., and [...]
Los Angeles Business Journal Pleaser USA has paid $99.9 million, or $370.27/sf, for the West Valley Logistics Center, a 269,800-square-foot industrial property in Walnut, Calif. The Brea, Calif., shoe company purchased the property from its developer, CapRock Partners of Newport [...]
Philadelphia Business Journal Premier Properties has paid $38.35 million, or $140,992/unit, for the 272-unit Duffield House Apartments in West Philadelphia. The Lakewood, N.J., investor bought the 11-story property, just outside of Fairmount Park and near City Line Avenue, a major [...]
Commercial Real Estate Direct Staff Report Kennedy Wilson Inc. has paid $135 million, or $337,500/unit, for the 400-unit Onyx apartment property in Redmond, Wash. The Beverly Hills, Calif., investment manager purchased the property, at 4850 156th Ave., from LeFrak of [...]
Commercial Real Estate Direct Staff Report BXP Inc. signed 291 office leases totaling 5.6 million square feet last year, a 35% increase from the 4.2 million sf of leases the REIT inked in 2023. During the latest quarter, BXP leased [...]
Affinius Capital has provided $111.5 million of financing for the construction of the 295-unit Kaia Residences in Denver. The apartment property is being built by local developer Trailbreak Partners at 808 North Lincoln St., about two miles south of the [...]
The volume of CMBS loans that are more than 30 days late with their payments increased last month by $575 million, or 1.52%, to $38.71 billion, according to Trepp Inc. The month was notable for the volume of previously delinquent [...]
