Commercial Real Estate Direct Staff Report Walker & Dunlop has originated $32 million of Fannie Mae financing to help fund Raia Capital Management’s acquisition of Azola West Palm Beach, a 179-unit apartment property in West Palm Beach,...
Commercial Observer Rubenstein Mortgage Capital has provided $42 million of financing against the 206,000-square-foot office building at 1801 L St NW in Washington, DC The loan allowed the property’s owner, a group of families in the...
Commercial Observer MetLife Investment Management has provided $805 million of financing against the 338-unit Solaire 8250 apartment property in Silver Spring, Md, about six miles from Washington, DC Washington Property Co will use the 10-year,...
Investcorp has acquired the 536,051-square-foot Tempe Commerce Park in Tempe, Ariz, for $8535 million, or $15922/sf The New York investment manager bought the property from BKM Capital Partners of Newport Beach, Calif, which had purchased it in...
Ladder Capital Corp, which like other mortgage REITs was hammered by the coronavirus pandemic, prompting it to sharply reduce its lending activity, has started lending once again The company has nearly $300 million of fixed- and floating-rate loans...
Crain’s New York Business Equitable Financial Life Insurance Co has signed a lease for 123,000 square feet at 1345 Sixth Ave, a 2 million-sf office building in Manhattan The insurer plans to move into the property by 2023 It currently leases...
Real Estate NJ Benderson Development has paid $164 million, or $12741/sf, for the 128,715-square-foot retail property at 60 Orange St in Bloomfield, NJ The University Park, Fla, company bought the building from Acadia Realty Trust, a White Plains,...
Square Mile Capital Management was the lender that provided $6975 million of financing against the recently opened Jefferson Pacific Beach apartment property in San Diego The loan allowed the property’s developer, JPI Cos, which has offices...
South Florida Business Journal WPH Properties LLC has paid $4375 million, or about $231,481/room, for the Washington Park Hotel in Miami Beach, Fla The company, which owns Westime, a Beverly Hills, Calif, luxury watch store, bought the 189-room...
Commercial Real Estate Direct Staff Report Lodging Fund REIT III, a non-traded REIT sponsored by Legendary Capital, has paid $279 million, or nearly $198,000/room, for the recently opened Courtyard by Marriott Denver-Aurora hotel in Aurora, Colo The...
