SB Real Estate Partners has paid $42 million, or $293,706/unit, for the 143-unit Brownstone Apartments in Las Vegas. The Irvine, Calif., investor bought the property, constructed in 2022 at 7531 Tule Springs Road, from its developer, Fore Property Co. of [...]
Realty News Report A venture of Griffin Partners and Peakline Real Estate Funds is developing a 224,700-square-foot industrial building in Houston. Griffin, of Houston, and Peakline, of Chicago, recently purchased the project’s 17.8-acre development site west of Highway 288. The [...]
REBusiness Online Buckland Global Trade Services has agreed to fully lease a 103,780-square-foot industrial building within the Pinnacle Industrial Center in Laredo, Texas. The freight and logistics provider is taking its space from landlord Huffman Development & Construction Services. Lee [...]
Yield Pro A venture of RangeWater Real Estate and CenterSquare Investment Management has bought the 352-unit Sorrel Phillips Creek Ranch apartment complex in Frisco, Texas. RangeWater, of Atlanta, and CenterSquare, of Philadelphia, purchased the property from a seller that has [...]
Commercial Observer A venture of DL Development and Argos Development has paid $19.3 million, or $193/sf, for the 100,000-square-foot Breeze mixed-use property at 314 Scholes St. in the Williamsburg section of Brooklyn, N.Y. The venture bought the property from Hudson [...]
Abrams Realty & Development has paid $34.25 million for the Exton Square Mall in the Philadelphia suburb of Exton, Pa. The Elkins Park, Pa., developer acquired the property from Pennsylvania REIT Inc. of Philadelphia in a deal arranged by JLL [...]
Commercial Real Estate Direct Staff Report The Gateway I & II mixed-use property in the Harlem section of Manhattan, which suffered as a result of the bankruptcy of sporting-goods retailer Modell’s in 2020, has been re-appraised at a value of [...]
Commercial Real Estate Direct Staff Report The CMBS trust that holds the $164 million loan against the 810,471-square-foot First Stamford Place office property in Stamford, Conn., has taken title to the property through a “strict” foreclosure. Strict foreclosures are unique [...]
Commercial Real Estate Direct Staff Report Douglas Wilson Cos. has been appointed by a San Francisco court as receiver of the massive Parkmerced apartment complex in that city. The appointment coincides with a move by Green Loan Services, special servicer [...]
Bravo Property Trust has provided $36.75 million of financing for the construction of a 78-unit apartment property at 1861 Amsterdam Ave. in the Hamilton Heights section of Manhattan. The loan was arranged by Galaxy Capital. The five-story building, at 152nd [...]
