Clairmont Group has paid $24 million, or $146,341/unit, for the 164-unit Avon Place Apartments in Avon, Conn., a suburb of Hartford, Conn. The New York investor acquired the property from Gaia Real Estate of New York, which had purchased it ...
Commercial Real Estate Direct Staff Report The modified $87.6 million CMBS loan against State House Square, an 837,225-square-foot office complex in Hartford, Conn., has transferred to special servicing again as it is expected to default. The transfer to C-III Asset ...
Commercial Real Estate Direct Staff Report Purdue Pharma LP, a large maker of pain medications, including OxyContin, houses its corporate headquarters at One Stamford Forum, a 504,471-square-foot office building in downtown Stamford, Conn., that serves as collateral for a $104 ...
Boston Real Estate Times Healthcare Trust of America Inc. has paid $18.75 million, or $493/sf, for the Westport Center for Health medical-office property in Westport, Conn. The Scottsdale, Ariz., company bought the 38,000-square-foot property from the Davis Cos., a Boston ...
Investor offers for Milford Crossing, a 371,537-square-foot shopping center in Milford, Conn., that backs a distressed $70.4 million CMBS loan, fell below expectations, putting an effort to sell the asset into question.
Commercial Real Estate Direct Staff Report The $58.6 million CMBS loan against the Matrix Corporate Center office complex in Danbury, Conn., suffered a loss of $46.1 million as a result of the sale of its collateral for $17 million. The ...
Occupancy at the property is now 18 percent. The sale could result in a loss of as much as $50 million to Morgan Stanley Bank of America Merrill Lynch Trust, 2013-C11, which holds the mortgage, according to a report on ...
Commercial Observer RXR Realty has secured $103 million of financing against the Atlantic Station luxury residential property in Stamford, Conn. Ullico provided the fixed-rate loan. The property, at 355 Atlantic St., opened in April and has 325 residential units and ...
Commercial Real Estate Direct Staff Report Matrix Corporate Center, a 1 million-square-foot office property in Danbury, Conn., whose $58.6 million CMBS loan has been in special servicing for more than two years, has been sold for $17 million, according to ...
Friedkin Realty Group has paid $78 million, or $426,229/unit, for the Element One apartments in downtown Stamford, Conn. The San Francisco company bought the 183-unit property from a venture of Fuller Development of Norwalk, Conn., and Spinnaker Real Estate Partners ...
AJH Management has paid $108.5 million, or $232,832/unit, for the 466-unit Crown Point Apartments in Danbury, Conn. The Lakewood, N.J., company bought the property, at 50 Saw Mill Road, from Harbor Group International, a Norfolk, Va., investment manager, in a ...
Jones Street Investment Partners has paid $136.5 million, or $178,664/unit, for the 764-unit Town Walk at Hamden Hills apartment property in Hamden, Conn., which is just north of New Haven, Conn. The Boston investment manager acquired the complex from Baker ...
Commercial Observer Arbor Realty Trust has provided $19.5 million to facilitate the acquisition of the Cove West Hartford apartments in West Hartford, Conn. NKF Capital Markets arranged the financing. A venture of CS Acquisition Group and AMAC bought the 200-unit ...
Hartford Courant A venture of Spinnaker Real Estate Partners and Freeman Cos. is developing a mixed-use project with apartments and retail space on a pair of vacant lots in Hartford, Conn. The lots are at the corner of Park and ...
The Westwood Apartments, a 200-unit complex in West Hartford, Conn., sold last month for $20.85 million, or $104,250/unit, to a venture of CS Acquisition Group LLC and AMAC. The six-building property, at 106 Kane St., was purchased from an investor ...
Hartford Courant A venture of Girona Ventures and Wonder Works Development and Construction Corp. plans on converting two office buildings on Pearl Street in Hartford, Conn., into 258 apartment units. The conversion is expected to cost $50 million. Leasing is ...
Hartford Courant Girona Ventures and Wonder Works Construction and Development Corp. have paid $27.7 million, or $277,000/unit, for the Trumbull on the Park apartment complex in Hartford, Conn. A venture that includes Martin J. Kenny sold the 100-unit property, at ...
Bloomberg Oak Street Real Estate Capital has offered to pay up to $2 billion for a portfolio of office buildings, health-care facilities and other properties in Hartford, Conn. The Chicago private-equity firm would buy the buildings from the city and ...
Commercial Real Estate Direct Staff Report The Matrix Corporate Center, a 1 million-square-foot office building in Danbury, Conn., has been appraised at $60.8 million - less than half the $126 million appraised value pegged to it less than five years ...
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