Commercial Real Estate Direct Staff Report Breakthrough Properties has paid $159 million, or $854.84/sf, for the 186,000-square-foot MUSE life-sciences property in San Diego. Breakthrough, formed in 2019 by Tishman Speyer and Bellco Capital, bought the property from Diversified Healthcare Trust of [...]
Commercial Real Estate Direct Staff Report Beachwold Residential has paid $57 million, or $338,235/unit, for the Forge at Glassworks, a 170-unit apartment property in the Monmouth County, N.J., township of Aberdeen, N.J. The New York apartment investor bought the property [...]
Commercial Observer Mayer Brown has added 95,662 square feet to the 235,000 sf it leases at 1221 Ave. of the Americas in midtown Manhattan. The law firm’s expansion brings its total footprint in the office building to 330,662 sf. It [...]
Commercial Real Estate Direct Staff Report Ares Management Corp. has paid $123.2 million, or $410,667/unit, for Everlight, a 300-unit apartment property in Redmond, Wash. The New York investment manager bought the property from AEW Capital Management of Boston. The deal [...]
KKR & Co. has provided $155 million of financing for the development of the 386-unit Charlie apartment property in Hoboken, N.J. The investment manager funded the five-year, floating-rate loan through insurance accounts it manages. The 27-story property is being built [...]
New York Post GoldenTree Asset Management has signed a lease for 60,000 square feet at the General Motors Building in Manhattan. The investment manager will be relocating from 300 Park Ave., also in Manhattan. Its new lease is for 15 [...]
Commercial Real Estate Direct Staff Report PSAI Realty Partners, which had paid $162 million, or $447.02/sf, for the 362,399-square-foot Plaza at Walnut Creek office property in the San Francisco suburb of Walnut Creek, Calif., funded its purchase with a $97.2 [...]
REBusiness Online Presidium has bought the 271-unit Grand at Manor apartment complex in the Austin, Texas, suburb of Manor, Texas. The company purchased the three-story property from Bailard of Foster City, Calif., in a deal brokered by Berkadia. The sales [...]
Commercial Real Estate Direct Staff Report GID Investment Advisors was the buyer of the 265-unit AVA Ballard apartment property in Seattle. The Boston investment manager purchased the property for $105.5 million, or $398,113/unit, from its developer, AvalonBay Communities of Arlington, Va. [...]
Charlotte Business Journal A venture that includes Hull Property Group has entered into an agreement to purchase the 1.06 million-square-foot Northlake Mall in Charlotte, N.C., for $39 million, or $36.79/sf. The sale of the property is being overseen by Spinoso Real [...]
