Commercial Observer New York’s Department of Housing Preservation and Development has provided $40 million of financing, while Citigroup has provided $33 million for the construction of a 147-unit affordable- and shelter-housing property in...
South Florida Business Journal An affiliate of Cochise Capital has bought the 58-unit Cordova Arms apartment property in Fort Lauderdale, Fla, for $195 million, or about $336,297/unit The Los Angeles company bought the complex from a company managed...
New York Post Kastle System might be significantly underestimating the actual occupancy rate of office buildings in New York City The Falls Church, Va, company, which installs security systems in office properties, gauges occupancy by tallying card...
The Registry KF Properties Inc has paid $119 million, or $210,619/unit, for the Eleven Hundred, a 565-unit apartment property in Sacramento, Calif The Beverly Hills, Calif, company purchased the property from OpenPath Investments, which had acquired...
Multi-Housing News A group of investors comprised of Security Properties, Hearthstone Foundation and Pacific Life Insurance Co has paid $236 million, or $200,000/unit, for Monte Vista Senior Apartments, a 118-unit seniors-housing property in San...
The Real Deal DE Shaw has agreed to lease 283,000 square feet at Two Manhattan West, a 214 million-sf office building that’s under construction in the Hudson Yards section of Manhattan The investment manager is taking eight of the...
Commercial Real Estate Direct Staff Report A total of $576 billion of industrial properties traded hands this year through August, according to Commercial Edge That’s up 574 percent from the $366 billion of sales volume recorded during the...
Multi-Housing News Five Star Bank has provided $495 million of financing for the second phase of the GrandeVille at Malta apartment project in Malta, NY, about 25 miles north of Albany, NY LeCesse Development is the project’s developer It will...
Commercial Real Estate Direct Staff Report DoveHill Capital Management has paid $2704 million, or $122,353/room, for the 221-room DoubleTree by Hilton Hotel Deerfield Beach – Boca Raton in Deerfield Beach, Fla The Fort Lauderdale, Fla,...
Commercial Observer Enterprise Community Development Inc has struck a deal to pay $257 million, or $114,732/unit, for the 224-unit Skyland Apartments in the Randle Heights area of Washington, DC The property, at 2333 Skyland Place SE, is being...
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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