Paramount Group Inc has secured $860 million of financing against 1301 Avenue of the Americas, a 17 million-square-foot office building in midtown Manhattan The five-year loan is comprised of a $500 million tranche that pays a fixed coupon of 311...
Pacific Western Bank has provided $1275 million of financing to fund the redevelopment of three buildings within the Skyline office complex in suburban Washington, DC, into apartments The three buildings, at 5201, 5203 and 5205 Leesburg Pike in...
Bridge Investment Group has paid $553 million, or $14042/sf, for the 393,817-square-foot industrial property at 830 West 450 South in Columbus, Ind, about 50 miles south of Indianapolis The Salt Lake City investment manager, which went public last...
New York Post Advance Publications has paid nearly $10 million in back rent for the 11 million square feet of space it leases at One World Trade Center in Manhattan The company, Conde Nast’s parent, had withheld paying rent in January, but...
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...
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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