Commercial Real Estate Direct Staff Report LoanCore Capital has provided $339 million of financing for Clear Capital LLC’s $45 million, or $296,052/unit, purchase of the 152-unit Parker Apartments in Glendale, Ariz The Irvine, Calif, investor...
Mesa West Capital has provided $135 million of financing to facilitate the $2025 million, or $519,231/unit, purchase of the 390-unit Sophia at Abacoa apartment complex in the Abacoa section of Jupiter, Fla The loan, arranged by Newmark, helped fund...
Commercial Real Estate Direct Staff Report Arbor Realty Trust has provided $60 million of financing for the purchase of the 240-unit Sanctuary on Broadway Apartments in Tempe, Ariz An affiliate of EZ Real Estate of Seattle purchased the property for...
Nine office properties with 4 million square feet in Chicago's central business district traded in the first quarter for a total of $9465 million, making it the most-active quarter since the second quarter of 2018 In contrast, $8856 million of sales...
Tampa Bay Business Journal A venture of Zeno Office Solutions and local real estate investor Tom Frederick has paid $273 million, or about $16909/sf, for the 161,455-square-foot office building at 6550 West Hillsborough Ave in Tampa, Fla GTE...
Commercial Observer A group of lenders comprised of Citibank, Bank of Montreal, Starwood Property Trust and MF1 Capital has provided $714 million of mortgage financing against two apartment buildings with a total of 829 units on Manhattan’s...
The Real Deal Jamestown has lined up $425 million of financing from JPMorgan Chase Bank to help cover the cost of redeveloping One Times Square, a 26-story building in midtown Manhattan that hosts a number of billboards and electronic signs The...
Physicians Realty Trust has paid $2769 million, or $46748/sf, for the 59,233-square-foot New Albany Medical Building II in New Albany, Ohio The Milwaukee REIT purchased the property from Davis Healthcare Real Estate Group of Minneapolis The property...
Commercial Real Estate Direct Staff Report The 145 million-square-foot office building at 175 West Jackson Blvd in Chicago has had its appraised value slashed by nearly half to $210 million from the $410 million value pegged to it in 2013, when a...
Austin Business Journal Arc Capital Partners has bought Westview, a 100,166-square-foot office building in downtown Austin, Texas The Los Angeles investor acquired the property, at 316 West 12th St, from Prescott Group of Dallas, which had purchased...
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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