PGIM has provided $693 million of financing against the 185,536-square-foot Offices at the Grove office building in Phoenix The five-year, fixed-rate loan was arranged by JLL Capital Markets on behalf of the property’s owner, RED Development...
Affinius Capital has provided $226 million of financing against the recently completed House 55, a 295-unit apartment building at 55 Willoughby St in Brooklyn, NY The loan allowed the property’s developer, a venture of Lonicera Partners and...
New York Business Journal Northwind Group has provided $231 million of construction financing for the conversion of 675 Third Ave, a 337,000-square-foot office building in Manhattan, into as many as 450 apartments A venture of Metro Loft Management...
South Florida Business Journal A venture led by Legacy Residential has paid $5255 million, or $196,082/unit, for Landings at Coconut Creek, a 268-unit apartment property in Coconut Creek, Fla The Coral Gables, Fla, multifamily firm acquired the...
South Florida Business Journal RK Centers has paid $2856 million, or $14904/sf, for a 191,625-square-foot Walmart Supercenter store in Fort Lauderdale, Fla The Sunny Isles Beach, Fla, real estate firm acquired the retail property from a company...
CRG has broken ground on two buildings totaling 911,040 square feet at the Cubes at Etna industrial park in Etna, Ohio The Chicago developer is building the properties on 305 acres at 10202 Hazelton Etna Road, about 20 miles southeast of downtown...
Several of the largest publicly traded office REITs are moving back into the ground-up development game, after years of focusing on leasing and balance-sheet...
Northmarq has arranged $24 million of financing for the construction of a 49-unit student housing property at 2372 Ellsworth St in Berkeley, Calif The loan, which was provided by an unnamed bank, was secured on behalf of the developer, Bright Street...
South Florida Business Journal An affiliate of JVP Management has provided $1402 million of additional financing for New River Center, a 400-unit apartment project that’s under construction in Fort Lauderdale, Fla The lender took over an...
South Florida Business Journal The city of Coral Gables, Fla, has paid $24 million, or $45258/sf, for the 53,029-square-foot medical-office building at 475-495 Biltmore Way in that suburban Miami city It acquired the property from ShareMD 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.
