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...
Philadelphia Business Journal Realty Income Corp has paid $211 million, or $14144/sf, for a 149,180-square-foot industrial building in the Philadelphia suburb of Levittown, Pa The Encino, Calif, REIT bought the property from Alliance HSP of Bryn...
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...
Kilroy Realty Corp has agreed to sell The Exchange on 16th, a 750,000-square-foot office building in San Francisco, for $108 billion, or $1,440/sf The buyer has not yet been identified The price would be among the highest, on a square-foot basis,...
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...
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...
Urban Communities has paid $38325 million, or $134,003/unit, for the Seventh, a 286-unit apartment property in Phoenix The local developer purchased the property from Sterling Real Estate Partners, a Scottsdale, Ariz, value-add investor that was...
South Florida Business Journal An affiliate of East End Capital has sold the 19,891-square-foot commercial building at 310 and 318 NW 25th St in Miami for $118 million, or about $59323/sf The New York company sold the property, in the city’s...
