Yield Pro A company calling itself 950 TL Midtown LLC has paid $40.88 million, or about $154,545/unit, for the 264-unit Nine50 Town Lake at Midtown Apartments in College Station, Texas. The seller was not disclosed. Nine50 Town Lake, at 950 [...]
Basis Industrial has paid $20 million, or $140.80/sf, for the 142,069-square-foot Chancellor Square industrial property in Orlando, Fla. The Boca Raton, Fla., investment manager purchased the three-building complex from B Group Capital Management of Miami, in a deal brokered by [...]
The Real Deal Landrock LP and Pendulum Property Partners has paid $56 million, or $169.99/sf, for the 329,431-square-foot office property at 505 North Brand Blvd. in Glendale, Calif. Landrock, of Chicago, and Pendulum, of Irvine, Calif., acquired the 16-story building [...]
Bloomberg The State Teachers Retirement System of Ohio has hired Eastdil Secured to market for sale the 1.1 million-square-foot office building at 590 Madison Ave. in midtown Manhattan. The pension system had tried its hand at a sale six years [...]
Inland Real Estate Group has paid $131.5 million, or $334,605/unit, for the 393-unit Summit Court apartment property at 450 Clermont Terrace in the northern New Jersey township of Union. The Oak Brook, Ill., investment manager bought the property, constructed in [...]
Commercial Real Estate Direct Staff Report Continental Realty Group has paid $24.65 million, or $230,373/unit, for the 107-unit Copper Point Apartments in Mesa, Ariz. The property, at 1111 East Brown Road, 19 miles east of Phoenix, was built in 1986 [...]
Commercial Real Estate Direct Staff Report Citi Real Estate Funding Inc. has provided $49 million of mortgage financing against 6 West 48th St. and 21 West 46th St., a pair of office properties with a total of 178,063 square feet [...]
Ashford Hospitality Trust, which has been selling off properties in order to pay down what had become a mountain of maturing debt, has lined up $580 million of fresh financing against 16 of its hotels with 4,145 rooms. Proceeds were [...]
The improved liquidity picture for the commercial real estate lending market has prompted the Mortgage Bankers Association to forecast that commercial and multifamily lending volume this year will total $583 billion, up 16% from the $503 billion it estimated was [...]
Commercial Real Estate Direct Staff Report Laramar Group has paid $72.1 million, or $245,238/unit, for ReNew Downers Grove, a 294-unit apartment property in Downers Grove, Ill. The Denver company bought the property from FPA Multifamily of San Francisco, which had [...]
