Underwriters led by JPMorgan Securities are preparing to launch a massive single-borrower CMBS transaction that would allow for the refinancing of a $177 billion debt package against the 178 million-square-foot office building at 245 Park Ave in...
MetLife Investment Management has provided $354 million of financing for the construction of a 150,000-square-foot flex/research and development property at 161 Concord Road in the Boston suburb of Billerica, Mass The property is being developed by...
Commercial Real Estate Direct Staff Report BAM Capital has paid $5778 million, or $172,994/unit, for the 334-unit Marling at Town Creek apartment complex in the Wilmington, NC, suburb of Leland, NC The Indianapolis investment manager, an affiliate...
Charlotte Business Journal ESJ Capital Partners has paid $295 million, or $204,861/unit, for the 144-unit Bridges of Cabarrus apartment property in the Charlotte, NC, suburb of Kannapolis, NC The Miami real estate investor acquired the community...
Dwight Capital has provided $60 million of mortgage financing under the US Department of Housing and Urban Development’s 223(f) program for the 194-unit Birchwood Grove townhome property in Davenport, Iowa Loans under the 223(f) program fully...
Tampa Bay Business Journal PTM Partners has lined up $125 million of construction financing for Edge Collective II, a 330-unit apartment project in St Petersburg, Fla An affiliate of GID provided the three-year, floating-rate loan, which was...
Jones Lang LaSalle Inc has launched a non-traded mortgage REIT that would originate and acquire a variety of commercial real estate debt instruments...
JPMorgan Chase Bank has provided $665 million of mortgage financing against the 81,684-square-foot office building at 836-838 Broadway in Manhattan’s Union Square neighborhood The loan, arranged by Newmark, allowed the 150-year-old...
Commercial Real Estate Direct Staff Report JLL Real Estate Capital has provided $8605 million of Fannie Mae mortgage financing against the 400-unit Griffis Union Station apartments in downtown Denver The five-year loan allowed the property’s...
Torchlight Investors has provided $238 million of financing against the 631-unit Landmark South apartment property in the Miami suburb of Doral, Fla The short-term loan was arranged by Walker & Dunlop and allowed the property’s owner, JSB...
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.
