Bayport Funding, a New York alternative lender, has lined up a $200 million senior credit facility from a group of banks led by Webster Bank that would allow it to potentially double its annual lending production to about $500 million It also will...
Highwoods Properties Inc has lined up a $200 million loan against its Bank of America Tower at Legacy Union, an 841,164-square-foot office building in the Uptown area of Charlotte, NC The loan has a five-year term and pays a coupon of 569 percent It...
Commercial Real Estate Direct Staff Report Principal Life Insurance Co has provided $662 million of financing for the construction of Eastrail Flats, which will have 207 apartment units and 63 townhomes in Woodinville, Wash The financing was...
JLL Capital Markets has arranged an $1824 million Freddie Mac loan for the 358-unit Cambridge Estates apartment property in Lafayette, Ind The property, constructed in phases from 1973 to 1977, is owned by Brikwell of Denver, which had acquired it...
South Florida Business Journal Ground recently broke on the $50 million initial phase of the Southpointe Vista affordable-housing property in Miami McDowell Housing Partners is building the property on a 346-acre site at the northeast corner of SW...
Commercial Real Estate Direct Staff Report Trinity Place Holdings Inc, which was created with the real estate assets of the former Syms Corp clothing retailer, has launched a review of potential strategic alternatives The New York company has hired...
Mortgage REITs saw their originations plunge during the latter half of last year as they adopted a cautious stance and built up liquidity to take advantage of what they hope soon will be better investing opportunities Last year, 13 publicly...
Deloitte has not renewed its lease for 260,000 square feet at 191 Peachtree, a 12 million-square-foot office building in Atlanta The consulting giant’s decision to not renew was first reported in the Atlanta Business Chronicle Deloitte has...
Muti-Housing News Coastal Community Bank has provided $35 million of financing for the construction of Kōz on Alderwood, a 200-unit apartment property in Lynnwood, Wash The project’s developers, MSquared of New York and Kōz Development of...
Commercial Real Estate Direct Staff Report The owner of Chicago’s massive Aon Center, at 200 East Randolph St, could be close to refinancing the 278 million-square-foot office property’s $6775 million financing package, which includes...
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.
