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Real Estate Trail
Institutional Press Wire
News Wire

The wire

Aggregated from leading CRE outlets — Commercial Observer, Connect CRE, PERE, REIT.com, REBusiness Online, HousingWire, Multifamily Dive, Construction Dive, PR Newswire, and Google News topic feeds across every sector.

Headlines and excerpts are linked to the original source. Full articles available at the publication.

The Registry · San Francisco · Multifamily

KKR Buys 636-Unit Lynhaven Apartments in San Jose for $346.5MM

San Jose’s apartment market absorbed its third above-average per-unit sale in recent weeks as KKR paid $346.5 million for the 636-unit Lynhaven, a deal that signals investors are betting rent growth in Silicon Valley’…

11h ago
Connect CRE · Capital

JLL Arranges Refi for Maine Self-Storage Asset

JLL has arranged a refinancing for a recently built self-storage facility managed by Extra Space Storage Inc. in South Portland, ME. Working on behalf of the borrower, The Ardent Companies, a JLL Capital Markets Debt…

11h ago
Connect CRE · Boston · Office

BXP Acquires Boston-Area Office Buildings for $30M

Boston-based real estate investment trust BXP has acquired a pair of office buildings in Waltham, MA for a total of $30 million following a rezoning of the area. The REIT paid $17 million for 860 Winter St. and $13 mi…

12h ago
Connect CRE · San Diego · Multifamily

CEDARst Snags $80M Construction Loan for San Diego Apartments

CEDARst obtained an $80 million construction financing for The Samuel, a 197-unit Class A multifamily development in San Diego’s North Park neighborhood. JLL worked on behalf of the CEDARst Companies, in arrangi…

12h ago
Connect CRE

Colliers Completes 67K-SF Industrial Lease in Maryland

Colliers completed a 67,040-square-foot industrial lease at 4780 Winchester Boulevard in Frederick, Maryland. Executive Vice Presidents Thomas Gentner, Brian Siegel and Jason Sullivan represented the landlord in the t…

12h ago
Connect CRE · San Francisco · Capital

Joint Venture Picks Up 50-Building Silicon Valley R&D Portfolio

A joint venture of TMG Partners, Grove Real Estate Partners and an affiliate of Lone Star Real Estate Fund VII acquired a 2.2 million-square-foot portfolio of R&D assets spread across six campuses in Silicon Valley. C…

13h ago
Connect CRE · Office

346K-SF Newport Beach Office Building Trades Hands

Granite Properties sold its 346,300-square-foot office building at 100 Bayview Circle in Newport Beach, California. An L.A. Business First report states the building was 88% leased at the time to 36 tenants. Newmark b…

13h ago
Connect CRE · New York · Hospitality

Canadian Group Buys Manhattan Hotel for $50M

Canada’s Manga Hotel Group has purchased the Chelsean New York Hotel in Manhattan for $50 million, or more than $316,000 per key for the 158-key property. The seller was Lam Generation, a hospitality real estate devel…

13h ago
Connect CRE · Office

Investor Duo Inks Refi on 301K-SF Torrance Office Property

Waterfall Asset Management and Delaware Life closed on a $64.7 million loan facility to refinance The Torrance, a 301,000-square-foot Class A office property in Torrance, California. Originally constructed in 1988, Th…

13h ago
Multifamily Dive · Denver · Multifamily

Grand Peaks buys Oregon apartment property

The Denver-based firm added the 424-unit property in Beaverton and plans to announce a new Colorado development in the next couple of weeks.

14h ago
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Commercial Real Estate News Wire — Real Estate Trail