BankUnited Provides $43 Million Loan

BankUnited lent $ 43,284,000 in a commercial loan to Trekker Tractor LLC and Puerto Rico Wire Group, not only to refinance the owner-occupied real estate, but for working capital and equipment. Trekker Tractor, headquartered in Miami with a training center in West Palm Beach, FL, supp
Read More

REIT Buys Atlanta Data Center for $95 Million

Carter Validus Mission Critical REIT Inc. purchased the Peachtree Data Center in downtown Atlanta, GA, for $ 94.75 million. A private entity listed as 180 Peachtree Retail LLC sold the property to the partnership led by CV REIT and supported by three institutional investors. The trans
Read More

Art Basel Miami Beach Becomes $500 Million Economic Stimulus Package for Local Economy

Pablo Picasso picture at ART BASEL Miami (2011) (MIAMI BEACH, FL) — As the world’s art aficionados, celebrities and super wealthy converge on the shores of South Beach this week to celebrate the tenth anniversary of Art Basel Miami Beach, the real celebrating should be don
Read More

Golub, Blackrock Swap Chicago Office Bldg. for $183.5 Million

Golub & Co. and BlackRock Inc. traded the 439,434-square-foot office building at 22 W. Washington St. in downtown Chicago for $ 183.5 million or $ 418 per square foot. Prudential Real Estate Investors purchased the 17-story structure on behalf of institutional investors in its co
Read More

CBRE Sells 150,000-SF Trophy Retail Asset for $128 Million

CB Richard Ellis negotiates the sale of a prime retail building in Boston’s Downtown Crossing. National Real Estate Investor
Read More

Sharon Stone Lists Beverly Hills Home for $8.9 Million

Sharon Stone’s Beverly Hills home Actress Sharon Stone recently listed her Beverly Hills area compound for sale at $ 8,995,000. The walled and gated Mediterranean estate sits at the end of a private road on five acres with pathways, bridges, waterfalls, fruit trees, a meditation
Read More

Equity One Sells 2 CA Assets for $124.9 Million

Nine months after closing on Capital & Counties USA’s portfolio of mixed properties for $ 593 million, Equity One (NYSE:EQY) sold two of the assets for $ 124.9 million. The first was the 304-unit Trio Apartments complex in Pasadena, CA. The five-story structure at 621 E. Co
Read More

Meridian Trades DC Area Office Tower for $150 Million

The Meridian Group sold a 17-story, 368,400-square-foot office building in the Washington, DC, suburbs to Brookfield Office Properties Inc. (NYSE: BPO) for $ 150.1 million or $ 407 per square foot. Built in 1985, the Class A property known as Three Bethesda Metro Center is 8 miles nor
Read More

31.5 Million Will Travel Labor Day Weekend

AAA forecasts 31.5 million Americans will travel 50 miles or more from home during the Labor Day holiday weekend, a 2.4 percent decrease from the 32.3 million people who traveled one year ago. The Labor Day holiday travel period is defined as Thursday, September 1 to Monday, September
Read More

Napa Valley Marriott Hotel & Spa Sells for $72 Million

Lighthouse Lodging Group Inc. sold the Napa Valley Marriott Hotel and Spa in Napa, CA. Inland American Lodging Group Inc., an affiliate of Inland American Real Estate Trust, purchased the 275-room property for $ 72 million, or approximately $ 261,000 per room. “The Napa Valley M
Read More