Sales of small-capitalization commercial properties increased by 6.9% last year to $128 billion, according to Boxwood Means. But the market hasn't yet fully recovered, as last year's sales volume remained 1.2% less than that of 2019. The post Sales of [...]
Multi-Housing News Hathaway Cos. has paid $45.4 million, or $194,850/unit, for the 233-unit Water Tower Apartments in Greenville, S.C. The Atlanta company purchased the recently completed property from Urban Realty Partners, also of Atlanta, in a deal brokered by JLL [...]
Crain’s Chicago Business AEW Capital Management is offering for sale the 516,385-square-foot office property at 525 West Van Buren St. in Chicago. The Boston investment manager hired JLL to market the property, which is expected to sell at a major [...]
ConnectCRE Worth & Associates has lined up $15 million of financing for its purchase of 800 East Sonterra Blvd., a 99,263-square-foot office building in San Antonio. The local investment firm and brokerage purchased the four-story building from Energy Transfer of [...]
Houston Business Journal James Campbell Co. has bought the three-building Beltway Crossing Northwest industrial complex in Houston. The Kapolei, Hawaii, company purchased the 663,882-square-foot property from BGO, the Miami company formerly known as BentallGreenOak, which had acquired it in 2016 [...]
Commercial Observer ICapital has added 78,704 square feet to the 141,223 sf it occupies at the One Grand Central Place office property in midtown Manhattan. The financial technology company, which provides alternative investment options through wealth advisors, first took space [...]
Lument has provided $110.8 million of Fannie Mae financing against a portfolio of six apartment properties with 769 units in Chicago. The 10-year loans allowed the properties’ owner, BJB Properties of Chicago, to retire bank debt. Five of the loans [...]
The Real Deal Related Group is offering for sale Veneto Las Olas, a 259-unit apartment property in Fort Lauderdale, Fla. The Coconut Grove, Fla., company has tapped CBRE to market the 46-story building, which opened last summer at 201 South [...]
Commercial Real Estate Direct Staff Report American Real Estate Partners, a 21-year-old investment manager that had focused predominantly on the office sector before turning its sights toward the data-center sector four years ago, has completed capital raising for AREP Strategic [...]
Crain’s Chicago Business An affiliate of Tishman Speyer has paid $113.8 million, or $595,811/unit, for Elevate Lincoln Park, a 191-unit apartment property in Chicago. The New York investor purchased the apartments from its developer, Baker Development of Scottsdale, Ariz. The [...]
