Commercial Real Estate Direct Staff Report An affiliate of Norton S. Karno has paid $56.5 million, or $289,743/unit, for the 195-unit Hampton Meridian apartment property in Apache Junction, Ariz., which is 32 miles east of Phoenix. The affiliate of Karno, [...]
BisNow An affiliate of Deutsche Bank has paid $237 million, or $316/sf, for the 750,000 square feet of office and retail space at the Essex Crossing property on Manhattan’s Lower East Side. The bank had participated in the financing for the [...]
The $539.5 million of CMBS financing against The Yorkshire & Lexington Towers apartment buildings in Manhattan's Upper East Side has transferred to special servicing. The loan was underwritten two years ago with the assumption that cash flow would have increased [...]
Commercial Real Estate Direct Staff Report ACORE Capital has provided $85.23 million of financing for the construction of the 483-unit Mission Gorge modular apartment property in San Deigo. JLL Capital Markets secured the three-year loan. The brokerage also arranged $27 [...]
Commercial Real Estate Direct Staff Report Boston’s Club Quarters Hotel, with 178 rooms at 161 Devonshire St., has been sold for $75 million, with Seven Hills Realty Trust providing $45 million of financing to fund the purchase. The property was [...]
Commercial Real Estate Direct Staff Report Rudy I Holdings LLC has paid $62 million, or $162,303/unit, for Denver Cascade, a manufactured-housing community with 382 spaces in Federal Heights, Colo. The investor group purchased the property in a deal arranged by [...]
South Florida Business Journal Elliott Investment Management has paid $52.5 million, or $228,261/room, for the 230-room Gates Hotel South Beach in Miami. The West Palm Beach, Fla., company purchased the property from Rockpoint Group of Boston. Deutsche Bank has provided [...]
South Florida Business Journal An affiliate of Bowery Property Holdings has bought the Windward Vista Apartments, a 352-unit complex in Lauderhill, Fla., for $44.1 million, or $125,284/unit. The Miami company purchased the property from FCP Partners of Chevy Chase, Md., [...]
Commercial Real Estate Direct Staff Report Wilmorite Management Group has negotiated another term extension for the $210 million mortgage against its Eastview Mall and Commons shopping mall and power center in the Rochester, N.Y., suburb of Victor, N.Y. The loan [...]
South Florida Business Journal Publix Super Markets Inc. has bought the 90,188-square-foot shopping center that it anchors in North Miami for $40 million, or $443.52/sf. The Lakeland, Fla., supermarket chain purchased the retail property from a venture of the Gordon [...]
