Fannie Mae has launched a lending program designed to incentivize borrowers to set aside units at encumbered properties as affordable The Sponsor-Initiated Affordability, or SIA, program is designed to increase the country's stock of housing units...
Hyatt Hotels Corp has paid $148 million, or just more than $25 million/room, for the 59-room Ventana Big Sur, an Alila Resort, on a forested 160-acre parcel overlooking the Pacific Ocean in Big Sur, Calif The Chicago hotel company bought the...
Dwight Capital has provided $35 million of financing against the 316-unit Golden Gate Townhomes in Stone Mountain, Ga, which is roughly 15 miles east of Atlanta The bridge loan allowed the property’s owner, an investor group known as Elul LLC,...
South Florida Business Journal Chetu has paid $25 million, or about $13245/sf, for a 188,746-square-foot office building at 1500 Concord Terrace in Sunrise, Fla The software company purchased the property, which will serve as its new headquarters,...
Charlotte Business Journal Southwood Realty has sold Stone Haven Pointe, a 264-unit apartment property in Rock Hill, SC, for $342 million, or about $129,545/unit The Gastonia, NC, company sold the complex, at 1304 Stoneypointe Drive, to Pedcor Cos...
Dallas Morning News MDH Partners has bought the 154,000-square-foot Bronze Way Distribution Center in Dallas The seller and purchase price were not disclosed JLL brokered the deal The property, which was built in 1978, sits on 79 acres at 4707...
San Antonio Business Journal Ohana Real Estate Investors has acquired the 496-room La Cantera Resort & Spa in San Antonio The Redwood City, Calif, company bought the luxury property from USAA Real Estate Co of San Antonio The purchase price was...
Westcore has paid $108 million, or about $7714/sf, for two industrial properties with 143 million square feet in California The San Diego investor purchased the properties, at 2801 West Ave H in Lancaster and 1744 East Beamer St in Woodland, from...
The $500 million of financing that Nightingale Properties and its venture partner, Wafra Capital Partners, had raised for the 12 million-square-foot 111 Wall St office building in Manhattan included $89 million of financing under the Commercial...
Kushner Cos has paid $46 million, or nearly $217,000/unit, for the 212-unit Spotswood Commons apartment property in Williamsburg, Va The New York investor bought the 19-year-old property, at 100 Glenburnie Road, from Dolben Co of Woburn, Mass, which...
