Commercial Observer A group of lenders comprised of Citibank, Bank of Montreal, Starwood Property Trust and MF1 Capital has provided $714 million of mortgage financing against two apartment buildings with a total of 829 units on Manhattan’s...
The Real Deal Jamestown has lined up $425 million of financing from JPMorgan Chase Bank to help cover the cost of redeveloping One Times Square, a 26-story building in midtown Manhattan that hosts a number of billboards and electronic signs The...
Crain’s New York Business The Nevins Street Apartments, with 129 units at 50 Nevins St in the Boerum Hill section of Brooklyn, NY, is slated to open soon The $72 million property is comprised of two buildings, one of which had 114,000 square...
New York YIMBY Silverback Development and Hopson Development Holdings have topped out construction of 131-141 East 47th St, a 200-unit rental apartment building in the Midtown East section of Manhattan Units at the 34-story building will have up to...
New York YIMBY Epire has topped out 144 First St, a 12-story residential building in the Powerhouse Arts District of Jersey City, NJ The property will have 84 apartment units with up to three bedrooms each Epire, of New York, broke ground on the...
Crain’s New York Business Wells Fargo Bank has filed to foreclose against a $112 million mortgage against the former Bossert Hotel in the Brooklyn Heights section of Brooklyn, NY In a suit filed in Kings County, NY, Supreme Court, the bank...
REBusiness Online InterSystems Corp has signed a lease for 420,000 square feet at One Congress St in downtown Boston The data management services company will occupy the top 14 floors at the 1 million-sf office property It’s relocating from 1...
The Real Deal Veris Residential Inc has agreed to pay $130 million, or $541,667/unit, for The James, a 240-unit apartment complex in Park Ridge, NJ, about 24 miles northwest of Manhattan The Jersey City, NJ, REIT, formerly Mack-Cali Realty Corp,...
Multi-Housing News An affiliate of Barings has bought Flats on First, a 136-unit apartment complex in Cambridge, Mass, for $103 million, or $757,352/unit The unit of Massachusetts Mutual Life Insurance Co bought the two-building property from local...
The Real Deal TA Realty has purchased Kings Crossing, an 82,000-square-foot shopping center in Fairfield, Conn, for $58 million, or $707/sf The seller was identified only as an institutional investor, but TIAA was the last owner and had tried...
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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