Commercial Real Estate Direct Staff Report Rise48 Equity LLC has paid $92 million, or $319,444/unit, for the Nolan, a 288-unit apartment property in Mesa, Ariz The Phoenix investor, which was represented by Northmarq, purchased the property from an...
REBusiness Online Beachwold Residential LLC has bought The Norwalk Collection, a 662-unit multifamily portfolio in Norwalk, Conn, for $2935 million, or $443,353/unit The New York developer bought the portfolio from a venture of Invictus Real Estate...
Multi-Housing News Invesco Real Estate Income Trust Inc has acquired a majority interest in the Everly Roseland apartment property in Roseland, NJ, in a deal valuing the 360-unit property at $1605 million, or $445,833/unit Novel Property Ventures of...
Commercial Observer Innovo Property Group’s proposed purchase of the HSBC Tower in Manhattan for $855 million is on hold and could fall apart The New York company so far has failed to secure financing for the deal, which was expected to close...
PCCP LLC has provided $582 million of mortgage financing against the Bluffs at Castle Rock, a 220-unit apartment property in Castle Rock, Colo The loan allows the property’s owner, Security Properties of Seattle, to facilitate a...
Multi-Housing News Rockrose Development has lined up a $210 million loan from Metropolitan Life Insurance Co against 47-05 Center Blvd, a 396-unit apartment property in Queens, NY Avison Young arranged the 15-year loan, which allowed Rockrose to...
Multi-Housing News Avanath Capital Management has paid $315 million, or $524,126/unit, for two apartment properties with 601 units in downtown Brooklyn, NY The Irvine, Calif, investment manager bought the two buildings from Greenland USA, an...
Commercial Real Estate Direct Staff Report Fringe Capital Partners has paid $267 million, or $310,465/unit, for the Willow, an 86-unit apartment property in Phoenix The local investment firm purchased the property from Hanson Capital Group of...
Minnesota Life Insurance Co has provided a $25 million mortgage against the 95,688-square-foot grocery-anchored retail center at 900 Madison St in Hoboken, NJ The 10-year loan was originated by Securian Asset Management of St Paul, Minn, on...
Seldin Co has secured $284 million of financing against Westport on the Lake, a 260-unit apartment property in Omaha, Neb Northmarq arranged the financing on behalf of the local management company The loan was provided by an unnamed life insurance...
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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