Unfavorable market conditions have prompted the major apartment-owning REITs to pull back on acquisitions Some now favor development, which they say provides them with greater yield...
Mesa West Capital has provided a $5872 million loan against the 445,187-square-foot Northern Parkway Logistics Center in Glendale, Ariz The three-building property, at 12815 West Northern Ave and 12795 West Northern Ave, about 23 miles northwest of...
Commercial Real Estate Direct Staff Report Braemar Hotels & Resorts Inc has lined up $358 million of mortgage financing against four of its properties with a total of 1,200 rooms in Chicago, Philadelphia, Puerto Rico, and the Virgin Islands...
Greystone has provided $3924 million of Fannie Mae financing against the 334-unit Evolv apartment property in the Dallas suburb of Mansfield, Texas The 14-year-old property, on 186 acres at 370 North State Highway 360, is owned by Greybrook Realty...
Commercial Real Estate Direct Staff Report The venture that owns the Prince Building in Manhattan’s SoHo area has lined up $216 million of financing, allowing it to retire a $200 million CMBS loan that became delinquent earlier this year The...
Crain’s Chicago Business An affiliate of Community America Credit Union has filed a $236 million foreclosure lawsuit against the owner of the 11 million square-foot office property at 35 West Wacker Drive in downtown Chicago The credit union...
Commercial Real Estate Direct Staff Report Freddie Mac funded $16 billion of multifamily loans during the third quarter, down 36% from the $25 billion it funded a year ago and 11% from the $18 billion it funded in the second quarter The...
Washington Business Journal JBG Smith Properties has sold a 90% interest in 800 North Glebe Road in the Washington, DC, suburb of Arlington, Va, in a deal that values the 306,200-square-foot office building at $79 million The buyer of the stake was...
Commercial Real Estate Direct Staff Report The long-troubled $3791 million CMBS loan against a portfolio of nine Seattle office buildings with 164 million square feet owned by Martin Selig Real Estate has been modified, providing the developer with...
Affinius Capital has provided $1003 million of financing to fund the construction of the 326-unit Atmosphere Pittsburgh student-housing property in the city’s Oakland neighborhood The 10-story property, which will have a 672-bed capacity, is...
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.
