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The firm reports it paid $42.85 million for the eight-story, 233,166-square-foot, Class-A office property at 1111 West 22nd St. Located in the East/West submarket, the building is 93% occupied.

The purchase increases Preferred’s multifamily portfolio to 33 multifamily communities across 10 states. The company financed the acquisition utilizing a non-recourse first mortgage loan from MetLife Investment Management on behalf of a client.

This likely is the biggest office construction loan to ever close for a Brickell project.

The 18-story Soleste Grand Central apartment tower is set for delivery in two years.

With this demand in mind, Lake Washington Partners entered the Southend submarket, which has a different price point compared to the suburban Bellevue submarket along with high-quality labor.

Lincoln Rackhouse and Principal Real Estate Investors have sold a 191,000-square-foot data center, 100% leased to a global data center services provider.

Integrating smart technology and services into apartment communities will help ensure better tenant retention.

Henley Investments partners with Tower 16 Capital to purchase Five89, a 312-unit apartment complex in Las Vegas.