Monthly rents at multifamily properties increased in September by $16/unit, or 1 percent from the previous month to $1,558/unit That's the smallest monthly increase since last May, when they grew by only $12/unit, or 08 percent, according to Yardi...
Hamilton Zanze has lined up $399 million of Freddie Mac financing against Enchanted Springs, a 200-unit apartment property in Colorado Springs, Colo KeyBank Real Estate Capital provided the loan It has a 10-year term and requires only interest...
The Real Deal Zara Realty has secured $83 million of construction financing for the 223-unit apartment building at 153-10 88th Ave in Queens, NY Emigrant Bank and Arbor Realty Trust provided the debt, which was arranged by JLL Zara, a Queens...
Commercial Observer Harbor Group International has secured $558 million of financing to help fund its $760 million, or $87360/sf, purchase of 51 West 52nd St, an 870,000-square-foot office building in Manhattan Deutsche Bank and Goldman Sachs...
Local developers Dirk Erickson and John and Marcia Bouquet have secured $3122 million of financing for the construction of BRYK on Broadway, a 180-unit affordable-housing property in Rochester, Minn NorthMarq arranged the loan, which was provided by...
Commercial Observer CSRE has secured $32 million of financing to help fund the acquisition and conversion of a vacant 381-room Marriott hotel in Farmington, Conn, into a 225-room apartment property Kriss Capital provided the floating-rate loan,...
CBRE has provided $242 million of Freddie Mac financing to help facilitate the purchase, by a Harbert Management Corp fund, of Parkside at Craig Ranch, a 1,824-unit apartment complex in the Dallas suburb of McKinney, Texas The loan is said to be the...
Commercial Real Estate Direct Staff Report The volume of CMBS loans that are actively managed by special servicers declined for the 12th straight month in September to $4104 billion, according to Trepp Inc That amounts to 748 percent of the $54834...
Tenants signed 87 million square feet of leases in Manhattan in the third quarter, the largest total since the fourth quarter of 2019, according to CBRE That was a 104 percent increase from the second quarter, but remains 5 percent below the...
PGIM Real Estate has provided $51 million of mortgage financing against the 263-unit Broadstone Trailside apartment complex in the Raleigh, NC, suburb of Morrisville, NC The property, at 5860 McCrimmon Parkway, near the Research Triangle Park...
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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