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Pebblebrook Strikes Sale of 2 Properties as Part of Plan to Sell $375Mln of Hotels
News 1 day ago
Pebblebrook Strikes Sale of 2 Properties as Part of Plan to Sell $375Mln of Hotels

Pebblebrook Hotel Trust will be selling $375 million of properties this year, and two of them already are under contract for $331 million. The deal...

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Value of Topeka, Kan., Retail Properties Takes Hit in Latest Appraisal
News 4 days ago
Value of Topeka, Kan., Retail Properties Takes Hit in Latest Appraisal

The West Ridge Mall and Plaza in Topeka, Kan., both of which are owned by the CMBS trust that had held a $48.8 million loan against the properties,...

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2 Suburban Washington, D.C., Offices Sell for $46.5Mln
News 2 weeks ago
2 Suburban Washington, D.C., Offices Sell for $46.5Mln

Innovatus Capital Partners has paid $46.5 million, or $228/sf, for the Lakeview East and West office buildings with a combined 204,000 square feet...

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Triumph Properties Buys Phoenix Apartments for $49.5Mln
News 3 weeks ago
Triumph Properties Buys Phoenix Apartments for $49.5Mln

Triumph Properties Group has paid $49.5 million, or $160,714/unit, for the 308-unit Deer Creek Village apartments in Phoenix. The Beverly Hills,...

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Atlanta Apartment Property Sells for $24.49Mln
News 1 month ago
Atlanta Apartment Property Sells for $24.49Mln

Noble House Investment Inc. has paid $24.49 million, or $155,000/unit, for the 158-unit Brookstone at Brookhaven apartments in Atlanta. The Orlando...

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CrossHarbor Lends $108Mln Against Charleston, S.C., Apartments
News 1 month ago
CrossHarbor Lends $108Mln Against Charleston, S.C., Apartments

CrossHarbor Capital Partners has provided $108 million of financing against 10 WestEdge, a 350-unit apartment property in Charleston, S. C. While...

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Mack Real Estate Lends $127.5Mln Against Fort Lauderdale, Fla., Apartments
News 2 months ago
Mack Real Estate Lends $127.5Mln Against Fort Lauderdale, Fla., Apartments

Mack Real Estate Credit Strategies has provided $127.5 million of financing to complete construction of EON at Flagler Village, a two-phase...

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Clarion Pays $482Mln for Boston Office Building
News 2 months ago
Clarion Pays $482Mln for Boston Office Building

Clarion Partners has paid $482 million, or $981/sf, for the 491,573-square-foot office building at One Marina Park Drive in Boston. The New York...

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Intercontinental Pays $157Mln for Seattle Office Property
News 2 months ago
Intercontinental Pays $157Mln for Seattle Office Property

Intercontinental Real Estate Corp. has purchased the 229,299-square-foot Roosevelt Commons office campus in Seattle for $157 million, or $684.70/sf...

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Cantor Commercial Lends $112Mln Against Brooklyn, N.Y., Hotel
News 2 months ago
Cantor Commercial Lends $112Mln Against Brooklyn, N.Y., Hotel

Cantor Commercial Real Estate has provided $112 million of financing against the former Hotel Bossert in Brooklyn, N. Y., which is slated to re...

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Trion Buys 84-Unit Apartment Property in San Francisco Bay Area for $27.5Mln
News 3 months ago
Trion Buys 84-Unit Apartment Property in San Francisco Bay Area for $27.5Mln

Trion Properties has bought The Meadows, an 84-unit apartment complex at 35750 Bettencourt St. in Newark, Calif., for $27.5 million, or $327,380...

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$64Mln Loan Against Former 3M Headquarters Building in Austin, Texas, Defaults
News 3 months ago
$64Mln Loan Against Former 3M Headquarters Building in Austin, Texas, Defaults

World Class Capital has defaulted on a roughly $64 million mortgage that Ladder Capital Corp. had provided less than two years ago against the...

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Sales Price of Stake in San Francisco Office Results in 3.5 Percent Cap Rate
News 4 months ago
Sales Price of Stake in San Francisco Office Results in 3.5 Percent Cap Rate

The $1.2 billion value placed on the 1.1 million-square-foot office property at 525 Market St. in San Francisco as a result of DWS Group Americas...

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Office Property in Denver Sold for $13.35Mln
News 4 months ago
Office Property in Denver Sold for $13.35Mln

SF Partners Mortgage LLC has bought the 126,436-square-foot Yosemite Office Plaza in Denver for $13.35 million, or $105.59/sf. The Miami investment...

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Jason Levendusky Joins Avison Young's  Boston Office as Principal
News 4 months ago
Jason Levendusky Joins Avison Young's Boston Office as Principal

Avison Young has hired Jason Levendusky as a principal in its Boston office. Levendusky joined the Toronto firm from CBRE, where he was an...

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JLL Tapped to Market Sarasota Square Shopping Mall for Sale
News 4 months ago
JLL Tapped to Market Sarasota Square Shopping Mall for Sale

JLL evidently was hired by Midland Loan Services to market for sale the Westfield Sarasota Square shopping mall in Sarasota, Fla. A total of 512...

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Previously Modified CMBS Loan Against Large Fla. Office Complex Moves to Special Servicing
News 4 months ago
Previously Modified CMBS Loan Against Large Fla. Office Complex Moves to Special Servicing

The CMBS loan against the 849,765-square-foot Koger Center office complex in Tallahassee, Fla., once again has transferred to special servicing....

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PCCP Lends Against Orlando, Fla., Apartment Property
News 4 months ago
PCCP Lends Against Orlando, Fla., Apartment Property

PCCP LLC has provided $76 million of financing against the 313-unit Paramount on Lake Eola apartment building in downtown Orlando, Fla. The loan...

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CoStar to Buy Hotel Data Giant STR for $450Mln
News 4 months ago
CoStar to Buy Hotel Data Giant STR for $450Mln

CoStar Group has agreed to buy STR for $450 million in cash, instantly giving it muscle in the hotel data business. STR, founded in 1985 as Smith...

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D.C.'s Liberty Place Office Building Trades for $154.5Mln
News 5 months ago
D.C.'s Liberty Place Office Building Trades for $154.5Mln

Artemis Real Estate Partners has paid $154.5 million, or $898/sf, for the 174,000-square-foot Liberty Place office building in Washington, D. C....

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Colony Credit Lends $116Mln Against 4 New York Self-Storage Facilities
News 5 months ago
Colony Credit Lends $116Mln Against 4 New York Self-Storage Facilities

Colony Credit Real Estate Inc. has provided $116 million of financing to facilitate the purchase of four self-storage facilities with 5,240 units...

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JLL Originates $24Mln Freddie Loan Against Raleigh, N.C., Apartments
News 5 months ago
JLL Originates $24Mln Freddie Loan Against Raleigh, N.C., Apartments

JLL has originated a $24 million Freddie Mac mortgage against the 228-unit Olde Raleigh Apartments in Raleigh, N. C. The 10-year loan, which has a...

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Retail Center in Suburban Tampa, Fla., Sells for $62.7Mln
News 5 months ago
Retail Center in Suburban Tampa, Fla., Sells for $62.7Mln

Mishorim-Gold Properties has paid $62.7 million for the 471,279-square-foot Grove at Wesley Chapel retail center in the Tampa, Fla., suburb of...

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Blackstone Raises Record $20.5Bln for Partners IX Fund
News 5 months ago
Blackstone Raises Record $20.5Bln for Partners IX Fund

Blackstone Group has held its final close for Blackstone Real Estate Partners IX, raising a whopping $20.5 billion of equity commitments, making...

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BofA Lends $93Mln for Offices in The Bronx, N.Y., As Building Gets Recapped
News 5 months ago
BofA Lends $93Mln for Offices in The Bronx, N.Y., As Building Gets Recapped

Bank of America has provided $93 million of financing against the BankNote Building, a 386,442-square-foot office property in The Bronx, N. Y.,...

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