Private-label CMBS issuance next year is projected to increase by more than 10 percent from this year's depressed levels, to between $60 billion and $75 billion So far this year, $506 billion of conduit and single-borrower transactions have priced...
Axton Group has completed its purchase of the 492-room Renaissance Austin hotel The San Francisco investment manager bought the 34-year-old property at 9721 Arboretum Blvd for $70 million, or $142,276/room, from Xenia Hotels & Resorts It funded...
Dwight Capital has provided $279 million of financing under the US Department of Housing and Urban Development’s 223(f) program against the 244-unit Terrazzo Apartments in Austin, Texas The property, at 8585 Spicewood Springs Road, was...
Monument Capital Management has acquired a pair of apartment properties, in suburban Minneapolis and Greensboro, NC The Miami investment manager, co-founded by former professional baseball player Alex Rodriguez, paid $197 million, or $160,163/unit...
Multi Housing News Sunroad Enterprises has acquired the 346-unit Pillar at Taviano at 875 West Pecos Road in Chandler, Ariz, for $84 million, or $242,77457/unit Sunroad, a San Diego developer, bought the property from PrivatePortfolio Group of...
South Florida Business Journal An affiliate of the Mattos family of Miami has paid $2045 million, or early $570/sf, for the Waterway Shoppes I retail center in Weston, Fla, from a venture led by Dylan Fonseca of Coral Gables, Fla As part of its...
Crain’s New York Business New York City Council continues to fight against proposals to build four apartment buildings that would have a total of some 3,000 units in Manhattan’s Two Bridges neighborhood, south of the Lower East Side,...
Breakthrough Properties, which was formed last year by a venture of Tishman Speyer Properties and Bellco Capital, has completed raising more than $1 billion for a commingled fund and co-investments that would be used to fund the development and...
A Drucker + Falk affiliate has acquired the 240-unit Point at Hampton Hollow Apartments in Silver Spring, Md, for $49 million, or $204,167/unit The three-story property, at 3408 Hampton Hollow Drive, was built in 1987 and last was owned by Pantzer...
Taconic Capital Advisors has purchased the last two assets in the collateral pool of GE Commercial Mortgage Corp, 2007-C1 Those are the 428,629-square-foot 1111 Fannin St office building in Houston that the New York investor bought in a venture with...
