A venture led by Brandywine Realty Trust has lined up $1867 million of construction financing against the Schuylkill Yards West mixed-use project in Philadelphia The loan matures in July 2025 and pays a floating rate that results in a 375 percent...
KKR & Co has provided $729 million of financing for the Beacon, a 187-unit apartment building in downtown Cleveland The seven-year loan, which pays a four percent coupon, was arranged by Berkadia It allowed the 29-story property’s...
Commercial Real Estate Direct Staff Report Bank Leumi has provided $37 million of financing against the 116-unit apartment property at 222 Johnson Ave in Brooklyn, NY The loan allowed the property’s owner, Slate Property Group of New York, to...
Dallas Morning News An affiliate of HASTA Capital has lined up $561 million of Freddie Mac financing for its purchase of the Mondrian, a 218-unit apartment building in Dallas’ Uptown area Walker & Dunlop arranged the financing Additional...
Commercial Real Estate Direct Staff Report Boston Properties Inc plans to assume the $2023 million CMBS loan against 360 Park Ave South, a 451,800-square-foot office building in Manhattan As reported, the Boston REIT has agreed to acquire the...
Commercial Real Estate Direct Staff Report Demand for loans against apartment properties from the US Department of Housing and Urban Development has gotten so strong that it now can take more than a year to close a loan after application During the...
Crain’s New York Business Vornado Realty Trust has sued Archegos Capital Management, claiming the hedge fund owes $159,16555 in unpaid rent and other fees at 888 Seventh Ave, an 886,000-square-foot office building in Manhattan Archegos began...
Dallas Morning News Orangestar Property Advisors has bought the McKinney Corporate Center I office building, with more than 120,000 square feet in the Dallas suburb of McKinney, Texas The company, with offices in Plano, Texas, and Mineral Ridge,...
MSD Partners has provided $90 million of senior financing and Lionheart Strategic Management has provided $40 million of mezzanine financing to fund the construction of the 303-room Moxy Hotel at 145 Bowery in Manhattan The property is being...
A venture of Taconic Partners and Nuveen Real Estate has secured $125 million of financing against the 140,000-square-foot office building at 817 Broadway in Manhattan Ares Commercial Real Estate provided a $90 million mortgage, while Criterion Real...
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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