RG Real Estate acquired TownPark Commons for $42 million, a steep discount from an appraisal of the property four years earlier. In April 2021, the office park had been appraised at $79.1 million. It sold for almost 47% less, or…
WestPark Partners recently bought a Maryland Farms office building that sold last month for a steep discount. The group paid $6.3 million for the five-story WestPark Building at a foreclosure auction last month, marking an $18.57 million loss from what it sold for…
Investment firm Realm recently paid $15 million for downtown’s Parkway Towers and Court Square Building. Wheelock Street Capital sold the two buildings at a combined loss of approximately $26 million. Wheelock paid $33.5 million for the 21-story Parkway Towers in October 2019…
S2 Capital acquired a distressed portfolio of properties in Nashville and Knoxville, Tennessee, formerly owned by GVA Real Estate Group. They also picked one up in Dallas. Multifamily Dive reports that to take control of the five properties, S2 placed $60…
Insignia has acquired Parkside Terraces, a 20-acre Alpharetta office campus that sold for much less than the previous owner paid for it. The Atlanta Business Chronicle reports Insignia took title to the property for $15 million through a deed in…
S2 Capital (“S2”) acquired a distressed multifamily portfolio consisting of four Tennessee properties facing foreclosure in Nashville and Knoxville, TN. An additional property was picked up in Dallas. S2 invested $60 million of rescue capital in a new joint venture…
Lincoln Properties has unloaded the Echo Street West project, an office project that Lincoln was having a hard team paying for. The office development was valued at $154 million after delivery but was sold for much less than that. The…
Aspen Real Estate purchased the underperforming Renaissance III shopping center, situated in a densely populated area near the University of Nevada-Las Vegas. Aspen paid $24.7 million for the 225,748-square-foot property located at the corner of East Flamingo and East Pecos Roads. The seller was…
Valuations on distressed properties as of midyear 2024 have declined an average of 43% from their original issuance, CRED iQ reported. The decline has increased by 140 points from six months ago. By valuation grouping, distressed properties valued at less…
Two real estate investment firms have teamed up to buy The 410, a 24-story office building located in the heart of Downtown Denver. Cress Capital, in collaboration with Denver-based E2M Ventures, acquired the loan on the property earlier this year and subsequently…
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