Alliant Credit Union last year had its most-active year ever in the commercial mortgage-funding business, originating more than $400 million of loans, up from the $350 million it had funded in 2019 It is aiming to increase volume by 50 percent this...
Commercial Real Estate Direct Staff Report Arbor Realty Trust Inc has provided $98 million of financing against the 202-unit Bevel LIC apartment property in Queens, NY The loan allowed the property’s owner and developer, Rabsky Group of...
Bldup National Development has filed plans to develop a four-building mixed-use complex in Boston The project, at 323-365 Dorchester Ave, will have two residential buildings with a combined 345 units and two commercial buildings totaling 674,500...
Real Estate NJ Elion Partners has paid $297 million, or $14348/sf, for a 207,000-square-foot industrial building in Elizabeth, NJ The Miami investment manager bought the property from a venture of the Seyon Group and Wheelock Street Capital Kassin...
Real Estate NJ A venture of JG Petrucci Co and TD+Partners has wrapped up work on the Station at Grant Avenue, a 90-unit affordable-housing property at 738-758 South Second St in Plainfield, NJ Units at the property will be set aside for residents...
John Hancock Life Insurance Co has provided $60 million of financing against the 267-unit Excelsior II apartment property in Hackensack, NJ JLL arranged the loan, which allowed the property’s owner, Tidewater Real Estate Co of Hackensack, to...
ACRES Capital Corp has provided $62 million of financing to fund the construction of the 336-unit Bungalows on Cotton Lane apartment property in Glendale, Ariz The loan would be the second in recent months that ACRES, a Westbury, NY, alternative...
Parkview Financial has provided $100 million of financing to fund the redevelopment of Harrah’s Reno Hotel and Casino into the mixed-use Reno City Center The existing 950-room casino/hotel was acquired last September by CAI Investments of Las...
The lender, which had provided $85 million of mezzanine debt against the equity in the seven select-service hotels, has taken over the properties They previously were owned by a venture of Hersha Hospitality Trust and Cindat Capital Management The...
The Real Deal The Icahn School of Medicine at Mount Sinai has agreed to lease 165,000 square feet of laboratory space at 787 Eleventh Ave, a 449,667-sf mixed-use building in Manhattan A venture of Georgetown Co and Pershing Square Capital Management...
