Paramount Group Inc has secured $860 million of financing against 1301 Avenue of the Americas, a 17 million-square-foot office building in midtown Manhattan The five-year loan is comprised of a $500 million tranche that pays a fixed coupon of 311...
Pacific Western Bank has provided $1275 million of financing to fund the redevelopment of three buildings within the Skyline office complex in suburban Washington, DC, into apartments The three buildings, at 5201, 5203 and 5205 Leesburg Pike in...
Commercial Observer Lennar Corp is planning to build the 447-unit Paxton apartment property in McLean, Va The complex, at 1750 Chain Bridge Road, will include a conference room, business and fitness centers, swimming pool, co-working space and...
Bridge Investment Group has paid $553 million, or $14042/sf, for the 393,817-square-foot industrial property at 830 West 450 South in Columbus, Ind, about 50 miles south of Indianapolis The Salt Lake City investment manager, which went public last...
New York Post Advance Publications has paid nearly $10 million in back rent for the 11 million square feet of space it leases at One World Trade Center in Manhattan The company, Conde Nast’s parent, had withheld paying rent in January, but...
Commercial Observer My Sales LLC has paid $25 million, or $37879/sf, for the 66,000-square-foot industrial building at 75 Onderdonk Ave in Queens, NY The Edison, NJ, company bought the property from Jason Richard Realty B6 Real Estate Advisors...
New York Post Fried, Frank, Harris, Shriver & Jacobson has renewed its lease for 380,438 square feet at One New York Plaza, a 26 million-sf office building in Manhattan The law firm’s lease was scheduled to expire at the end of February...
Minneapolis/St Paul Business Journal A venture of Endeavor Development and Calibogue Capital has broken ground on Zachary Distribution Center, a 172,224-square-foot industrial property in Maple Grove, Minn Endeavor, of Edina, Minn, and Calibogue, of...
A venture led by Brandywine Realty Trust has lined up $1867 million of construction financing against the Schuylkill Yards West mixed-use project in Philadelphia The loan matures in July 2025 and pays a floating rate that results in a 375 percent...
Phoenix Business Journal Hines is planning 250 Rio, a 190,000-square-foot office building in Tempe, Ariz The Houston developer plans to build the property on a two-acre site at the corner of Ash Ave and Rio Salado Parkway, about 10 miles east of...
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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