ConnectCRE JRK Property Holdings has sold the 752-unit Retreat at Mesa Hills apartment complex in El Paso, Texas. The Los Angeles real estate company sold the property to the El Paso Housing Authority, which is offering residential development revenue bonds [...]
Commercial Observer New York University has bought back the 85,000-square-foot building at 1 West Fourth St. in Manhattan’s Greenwich Village. It paid $75.5 million, or $882.35/sf, for the building, which served as the campus for the Hebrew Union College-Jewish Institute [...]
Commercial Real Estate Direct Staff Report Monthly rents at multifamily properties nationwide are projected to increase by 2.6% this year, according to CBRE. That would compare with the 0.6% growth rate recorded last year, when average monthly rents increased to [...]
Commercial Real Estate Direct Staff Report FS Investments has leased 117,000 square feet of office space at 3025 JFK Blvd., a 570,000-square-foot mixed-use property in the Schuylkill Yards section of Philadelphia. The investment manager will relocate from the 80,000 sf [...]
AEW Capital Management has provided $68 million of financing for the construction of the 689,000-square-foot NextWave Tempe industrial complex in the Phoenix suburb of Tempe, Ariz. The Boston investment manager funded the loan through its debt platform, which it had [...]
PGIM Real Estate has provided $82 million of mortgage financing against the 355-unit Mira at Midtown Union apartment property in Atlanta’s Midtown area. The floating-rate loan allowed the property’s developer, a venture of MetLife Investment Management and StreetLights Residential of [...]
Ocean Bank has provided $30 million of fixed-rate mortgage financing against the 25 Mirage apartment property, with 171 units and 10,000 square feet of ground-floor retail space in Miami’s Edgewater neighborhood. The loan, arranged by Aztec Group of Miami, allowed [...]
Inwood Holdings LLC has lined up $36.45 million of Freddie Mac financing to fund its purchase of the 234-unit Dylan at Grayson apartment property in the northeastern Atlanta suburb of Grayson, Ga. The Atlanta apartment investor also lined up $31.5 [...]
Commercial Observer A&E Television Networks has renewed its lease for 151,920 square feet of office space at the 200,000-square-foot office building at 227 East 45th St. in midtown Manhattan. The broadcasting company has occupied space in the building since 2011. [...]
JEMB Realty Corp. has lined up $300 million of mortgage financing against the 249,063-square-foot Herald Center mixed-use property in Manhattan, allowing it to pay off what had been a $245 million senior loan that just more than a year ago [...]
