Waterton has acquired Skye at Belltown, a 371-unit apartment complex in Seattle. The purchase price could not yet be learned. The Chicago investment manager purchased the property from an affiliate of AEW Capital Management of Boston, which had acquired it [...]
REJournals.com Epic Capital Partners has sold the 116-unit Candle Chase Apartments in Fort Worth, Texas. The buyer and purchase price were not immediately known. Greysteel brokered the deal. Candle Chase, at 6822 South Hulen St., was built in 1970 and [...]
Commercial Real Estate Direct Staff Report ECI Group has bought the 396-unit Ardmore at Flowers apartment complex in Clayton, N.C., a suburb of Raleigh, N.C. The Atlanta company paid $92 million, or $232,323/unit for the property, according to a report [...]
RMWC has provided $31.5 million of financing for the completion of the 149-unit Astoria apartment property in Salt Lake City. The two-year loan, which was arranged by Berkadia, allows the property’s developer, Midtown Capital of Miami, to retire construction financing. [...]
The Real Deal Deutsche Bank has provided $65 million of construction financing to fund the conversion of the 85,000-square-foot office building at 140 West 57th St. in Manhattan into 47 residential condominium units. The property is being converted by a [...]
Commercial Real Estate Direct Staff Report Essex Property Trust Inc. has completed $712.1 million of apartment deals – acquisitions and sales – in California so far this year. The San Mateo, Calif., REIT paid $345.5 million for three apartment properties [...]
Bloomberg Alexico Group has received an offer of about $1 billion, or $6.6 million/room, for the 150-room Mark Hotel on Manhattan’s Upper East Side. The company had purchased the 15-story property, at 25 East 77th St., in 2006 for $150 [...]
BisNow Harbor Group International has paid $181.7 million, or $465,897/unit, for the 390-unit Kendrick apartment property in the Boston suburb of Needham, Mass. The Norfolk, Va., investment manager bought the seven-year-old property from its developer, Toll Brothers Inc. of Fort [...]
Crain’s Chicago Business Normandy Real Estate has paid $170 million, or $453,333/unit, for the 375-unit Fulbrix Apartments in Chicago. The New York investor purchased the property from local developer Moceri & Roszak and equity partner Ares Management Corp. Moceri & [...]
DRA Advisors has acquired a stake in a portfolio of 10 industrial properties with 900,000 square feet in four Florida markets in a deal valued at $107.5 million. The investment manager effectively recapitalized the portfolio, buying out TPG Angelo Gordon. [...]
