Fannie Mae funded a record $76 billion of loans against apartment properties last year, topping by nearly 9 percent the $70 billion of volume it funded in 2019 The housing-finance agency had an extremely strong final quarter as it funded $271...
Knighthead Funding has provided $42 million of financing for the construction of an 84,746-square-foot medical-office building in the Astoria section of Queens, NY The property, at 30-14 Crescent St, is being developed by an investor group, Astoria...
Commercial Real Estate Direct Staff Report S2 Capital has paid $26 million, or $154,762/unit, for the 168-unit Windemere Apartments in Raleigh, NC The Addison, Texas, investment manager bought the property from Northland Investment Corp of Newton,...
JLL has originated $505 million of Freddie Mac financing against the 285-unit Lincoln Pointe Apartments in Aventura, Fla, about 15 miles north of Miami The loan allowed the property’s owners, a venture of LCOR of Berwyn, Pa, and Madison...
Commercial Observer Criterion Real Estate Capital has provided $130 million of financing against the unsold units at the 92-unit Bloom on Forty Fifth residential condominium project at 615 Tenth Ave in Manhattan According to the StreetEasy Website,...
Commercial Observer Madison Realty Capital has provided $53 million of construction financing for the 150-unit apartment project at 875 Fourth Ave in Brooklyn, NY Meridian Capital Group arranged the floating-rate loan Heritage Equity Partners is...
Commercial Real Estate Direct Staff Report The Destiny USA mall in Syracuse, NY, has been appraised at a value of only $203 million, down from the $710 million pegged to it in 2014, when $430 million of CMBS debt was provided against it The property...
Commercial Real Estate Direct Staff Report A venture of One Real Estate Investment and MLG Capital has paid $363 million, or $117,097/unit, for the 310-unit Kelston Apartments in Charlotte, NC It bought the property from Emma Capital Investments Inc...
Crain’s Chicago Business LXG has acquired the 145-unit Holiday Inn and Suites at 506 West Harrison St in Chicago for an undisclosed price The Chicago investor bought the property from a venture controlled by the estate of late Chicago investor...
Multi Housing News Randolph Street Realty Capital has paid $25 million, or $135,135/unit, for 185 previously unsold units at the 240-unit Ashton Condominiums in Arlington Heights, Ill The Chicago investor bought the units from Lawton Realty Group,...
