Morgan Stanley has renewed its lease for 42,422 square feet at the Aventura Corporate Center in Aventura, Fla., bringing the 254,975-square-foot complex closer to stabilization. The six-building complex, which includes three parking garage structures, is owned by a venture that [...]
Commercial Real Estate Direct Staff Report Forbright Bank has provided $32 million of financing against Crenshaw Plaza, a 146,901-square-foot retail center in Los Angeles. The Chevy Chase, Md., bank’s three-year loan was arranged by JLL Capital Markets. It allowed the [...]
Barings has agreed to buy Artemis Real Estate Partners, adding the Chevy Chase, Va., investment manager’s $11 billion-plus of assets under management to its $50 billion real estate portfolio. Artemis was founded in 2009 by Penny Pritzker and Deborah L. [...]
Downtown Chicago had 18 office properties sell last year for a total of $566 million, a nearly four-fold increase from the $121 million of office property sales recorded in 2023, according to Transwestern. The increase could indicate that the sales [...]
Commercial Real Estate Direct Staff Report The owner of the 301,771-square-foot office property at 411 Seventh Ave. in Pittsburgh, facing the likelihood that the building’s occupancy will plunge to 23%, was unable to refinance its $18.07 million mortgage when it [...]
Commercial Real Estate Direct Staff Report Coastal Grand Mall in Myrtle Beach, S.C., has been hit with a $24.56 million appraisal reduction amount. A total of 631,153 square feet at the 1.1 million-sf mall property serves as collateral for a [...]
Commercial Observer Jane Street Capital is increasing the amount of space it leases at the 2.1 million-square-foot Brookfield Place office and retail complex in lower Manhattan, to 1 million sf from about 600,000 sf. Cushman & Wakefield arranged the lease [...]
Charlotte Business Journal Crescent Communities has sold the 285-unit Novel Ballantyne luxury apartment complex in Charlotte, N.C., for $95 million, or $333,333/unit. The identity of the buyer was not immediately known. The local commercial real estate firm developed the property [...]
South Florida Business Journal A venture of Square2 Capital, Highline Real Estate Capital, and Lone Star Funds has bought Bank of America Plaza at Las Olas City Center in downtown Fort Lauderdale, Fla., for more than $220 million, or $535.85/sf. [...]
REBusiness Online Trestle Studio has lined up a $79 million loan to renovate the historic El Tropicano Hotel in San Antonio. Fortress Investment Group provided the loan, which was arranged by Marcus & Millichap’s Institutional Property Advisors unit. The hotel, [...]
