The Atlas Capital Group, Invesco, and Partners Group venture that owns the 11 million-square-foot Factory office property in the Long Island City section of Queens, NY, has negotiated an extension of its $300 million CMBS loan through October 2027...
Commercial Real Estate Direct Staff Report Nationwide Life Insurance Co has provided $2694 million of mortgage financing to fund Equus Capital Partners’ $4685 million, or $137/sf, purchase of the 341,867-square-foot Falls Lake Commerce Center...
ORIX Corp has provided a total of $643 million of financing against two apartment properties with a combined 304 units in the western suburbs of Phoenix The lender provided $3305 million against the 153-unit Villas Litchfield at 12730 West Camelback...
Wells Fargo Bank is providing $450 million of mortgage financing against the 757,154-square-foot office building at 1250 Broadway near the Penn Station commuter hub in Midtown Manhattan The three-year loan, with a coupon that’s expected to be...
KKR Real Estate Finance Trust Inc has set a goal of cleaning up its portfolio this year by sharply reducing its real estate-owned assets It also plans to reduce its exposure to loans it has on its...
Commercial Observer Ares Management has provided a $450 million loan against 834-unit Riverie apartment property in the Greenpoint section of Brooklyn, NY The loan, arranged by CBRE, allowed a venture of Lendlease Corp and Aware Super, an Australian...
A venture of LeCesse Development Corp and Mas Development has lined up $8335 million of construction financing for the 258-unit Ecco apartment property at 250 Union St in Elizabeth, NJ Bank OZK provided a $632 million senior loan, while PGIM...
Commercial Real Estate Direct Staff Report The recent sale of 175 West Jackson Blvd in Chicago has resulted in a complete wipe out of the $25047 million CMBS loan that encumbered the 145 million-square-foot office building As reported, the...
Commercial Observer Maxim Capital Group has provided a $70 million loan for the development of a 113-unit residential condominium property at 11-33 44th Drive in the Long Island City section of Queens, NY The property, which will have ground-floor...
Crescent Real Estate LLC has lined up $596 million of fresh financing against the 137 million-square-foot Crescent mixed-use complex in Dallas’ Uptown area Goldman Sachs and JPMorgan Chase Bank are providing the loan, which will be securitized...
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.
