South Florida Business Journal Terra has lined up $230 million of construction financing for the development of a Target-anchored mixed-use project in Miami Apollo Global Management and Mack Real Estate Credit Strategies provided the financing The...
Priderock Capital Partners has paid $1646 million, or $257,188/unit, for Halstead Manchester, a 640-unit apartment property in Manchester, NH The Palm Beach Gardens, Fla, investment manager bought the property from DSF Group of Boston, which had...
Commercial Real Estate Direct Staff Report Safehold Inc and iStar Inc, as expected, have agreed to merge in a deal that brings in MSD Partners as a substantial investor and moves Safehold closer to achieving an A credit rating Safehold, which...
Tampa Bay Business Journal Capstone Communities plans to break ground this month on a 198-unit build-to-rent townhome and cottage property in Tampa, Fla The Birmingham, Ala, residential developer recently paid $396 million for the proposed...
Commercial Real Estate Direct Staff Report Northmarq has arranged $4458 million of financing to facilitate MF Asset Management’s purchase of Peaks at Redington, a 301-unit apartment property in Tucson, Ariz Last month, the Beverly Hills,...
Securian Asset Management has provided $32 million of mortgage financing for a pair of office buildings with 320,000 square feet in Teaneck, NJ The St Paul, Minn, investment manager provided the loan on behalf of Minnesota Life Insurance Co The...
Atlantic Management Corp has lined up a total of $965 million of mortgage financing against a pair of industrial properties in the Boston suburb of Westborough, Mass The Framingham, Mass, investment manager, working through Newmark, placed a $705...
The Real Deal Bank of China has provided $412 million of financing against the 680-room JW Marriott Miami Turnberry Resort Hotel & Spa The loan, arranged by Newmark, allowed the property’s owner, Fontainebleau Development, to refinance a...
Commercial Real Estate Direct Staff Report The $6508 million CMBS loan against the Southland Center Mall in the Detroit suburb of Taylor, Mich, defaulted at its maturity last month The loan is the second largest in the collateral pool for...
PCCP LLC has provided $755 million of financing against the 286-unit Heirloom apartment property in Portland, Ore The loan allowed the property’s owner, NBP Capital, to refinance construction debt The property, which was completed last year,...
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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