Commercial Observer Wells Fargo Bank has provided $185 million of financing against the 782,921-square-foot office building at 437 Madison Ave in Manhattan The loan allowed the property’s owner, a venture of the William Kaufman Organization...
Boston Business Journal Alexandria Real Estate Equities is buying the 405,000-square-foot Charles Park office complex in Cambridge, Mass, for $815 million, or about $2,012/sf The Pasadena, Calif, REIT is acquiring the property from a venture of...
Commercial Observer A venture of Cammeby’s International Group and Harbor Group International has agreed to pay $1 billion for a portfolio of 41 apartment properties with about 5,300 units in New Jersey It is buying the portfolio from a...
Square Mile Capital Management has made a $75 million preferred-equity investment in a 1,046-room select-service hotel development in Manhattan’s Times Square area McSam Hotel Group, a Great Neck, NY, developer, already has broken ground on...
Rent collections at professionally managed apartment properties finished last month at a 946 percent rate, according to the National Multifamily Housing Council’s Rent Payment Tracker That’s a 04 percentage-point drop from the 95 percent...
The Real Deal Vornado Realty Trust is offering for sale the 670,000-square-foot development site at 93-30 93rd St in Queens, NY The New York REIT has hired JLL to market the site, which could fetch about $85 million The site is best suited for a...
The Real Deal Apartment Income REIT is offering for sale a portfolio of 12 properties with a total of 556 units in Manhattan The Denver REIT has hired Cushman & Wakefield to market the portfolio, with an asking price of $250 million, or...
Commercial Observer Naftali Group has paid $71 million, or about $554,688/unit, for the 128-unit Eagle Court apartment property at 215 West 84th St in Manhattan JLL brokered the deal and arranged $46 million of acquisition financing from an...
Just as the uncertainty about how different property types would fare has faded as the pandemic passes, questions about the post-pandemic impacts on different property sectors are already beginning to be answered as the economy...
The Seattle investment manager so far has raised $120 million for its latest vehicle, the Columbia Pacific Recovery Fund Its loans and preferred-equity investments will have two- to five-year terms, range from $10 million to $30 million apiece and...
