Bank OZK and Starwood Property Trust have provided a total of $350 million of financing for the construction of 1001 South Broad St, a proposed mixed-use property in South Philadelphia The property, which is being developed in phases, will...
Commercial Real Estate Direct Staff Report The venture of David Werner Real Estate Investments, SJP Properties and Onyx Partners that paid $210 million, or $371/sf, for 111 River St, a 566,215-square-foot office property in Hoboken, NJ, received a...
South Florida Business Journal An affiliate of Parmenter Realty Partners has bought the Fairways Office Center, a three-building property in Palm Beach Gardens, Fla, for $8115 million, or about $35959/sf The Atlanta investor purchased the...
Commercial Real Estate Direct Staff Report PCCP LLC has provided $128 million of mortgage financing against the Buchanan, a 289-unit apartment property at 160 East 48th St in midtown Manhattan The 16-story property, constructed in 1928 on Third...
South Florida Business Journal Palm Holdings has bought the Element Miami International Airport hotel in Miami for $1995 million, or about $95,455/room The Toronto investor acquired the 209-room property from Peachtree Hotel Group of Atlanta Access...
Dwight Capital has provided $608 million of financing, under the US Department of Housing and Urban Development’s 223(f) program, for the 288-unit Coppermine Run in Herndon, Va The mortgage allowed the property’s owner, Clark Realty...
TIAA has provided $913 million of mortgage financing against Volta on Pine, a 271-unit apartment property in Long Beach, Calif The loan helped fund Gelt Inc’s $156 million purchase of the eight-story property from a venture of Holland Partner...
New York Post An SL Green Realty Corp unit has been hired by lenders led by Natixis to service the roughly $800 million of debt against the Times Square Edition hotel at 20 Times Square in Manhattan The financing has been in default and is slated...
A venture of UIP Cos and Churchill Living has paid $213 million, or $710,000/unit, for the 300-unit Millennium apartment property across from Amazoncom Inc’s new headquarters complex in Arlington, Va The venture bought the 19-story building,...
JPMorgan Chase Bank has provided $31845 million of financing against a portfolio of six apartment properties with 1,494 units owned by Carter Multifamily Carter, a Tampa, Fla, investment manager, had purchased the properties from different sellers,...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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