Suburban Phoenix Apartment Property Fetches $84Mln

NewPoint Real Estate Capital has launched a proprietary platform to originate a variety of financing products against affordable-housing properties It's teamed on the effort with Morgan Properties, among the country's largest owners of apartment...

Commercial Real Estate Direct Staff Report An affiliate of Harbor Group International has paid $180 million, or $517,241/unit, for three apartment properties with 348 units in Long Beach, Calif The Norfolk, Va, investment manager purchased the...

Commercial Real Estate Direct Staff Report Parkway Inc is working to get the maturity date of the $465 million CMBS loan against its Greenway Plaza office complex in Houston extended The loan, securitized through GS Mortgage Securities Corp,...

363,000-SF Retail Center in Chula Vista, Calif, Sells for $478Mln Commercial Real Estate Direct Staff Report Gershman Properties has paid $478 million, or $13168/sf, for the Shops at Eastlake Terraces, a 363,300-square-foot retail center in Chula...

Interstate Equities Corp has paid $93 million, or $567,073/unit, for the Vines at Riverpark, a 164-unit apartment property in Oxnard, Calif The Los Altos, Calif, investment firm purchased the property from Champion Real Estate Co of Los Angeles,...

ACORE Capital has provided $1275 million of financing against 77 Water St, a 546,803-square-foot office building in lower Manhattan Proceeds from the five-year loan, arranged by Eastdil Secured, will be used to upgrade the property, including its...

South Florida Business Journal Clarion Partners has bought the 67,872-square-foot USA Self Storage facility at 1217 SW First Ave in Fort Lauderdale, Fla, for $2291 million, or about $33755/unit The New York investment manager purchased the property...

Associated Bank has provided $6753 million of financing for the construction of Summerwell Maple Grove, a 220-unit apartment property in Maple Grove, Minn Greystar is developing the property at 15400 105th Ave North, about 17 miles northwest of...

Commercial Real Estate Direct Staff Report The $10317 million CMBS loan against the Coastland Center shopping mall in Naples, Fla, has transferred to special servicer Rialto Capital Advisors because it’s expected to default at its November...

JLL Real Estate Capital has provided $262 million of Freddie Mac financing against a portfolio of six apartment properties with 1,494 units owned by Carter Multifamily The seven-year loans, which carry floating rates, were arranged by JLL Capital...