The Real Deal Innovo Property Group, which late last year had struck a deal to buy the 864,303-square-foot office building at 452 Fifth Ave in midtown Manhattan, hasn’t completed its purchase and lost its $35 million deposit Innovo was to have...
Commercial Property Executive An affiliate of Lincoln Property Co will break ground soon for I-10 International, a four-building industrial property with 986,600 square feet in Tucson, Ariz The Dallas developer is building the $260 million project...
PCCP LLC has provided $508 million of mortgage financing for the construction of Henley Place, a 178-unit apartment building in the Portland, Ore, suburb of Milwaukie, Ore The six-story building is being developed by Pahlisch Commercial of Bend,...
Parkview Financial has provided $225 million of financing against the 140,000-square-foot office building at 2225 3rd Ave North in Birmingham, Ala The loan is designed to allow the property’s owner, EPT Holdings LLC, an investor group...
Commercial Real Estate Direct Staff Report Northwestern Mutual Life Insurance Co has provided $65 million of mortgage financing against Skyline Lofts, a 332-unit apartment property in Phoenix The 10-year loan, which amortizes on a 30-year schedule,...
Commercial Real Estate Direct Staff Report The $231 million CMBS loan against 260 and 261 Madison Ave, a pair of office buildings with 923,277 square feet in midtown Manhattan wasn’t paid off when it matured earlier this month A $126 million...
San Fernando Valley Business Journal A group of investors led by GNC Properties and Western Prime Holdings has paid $245 million, or $61454/sf, for the Mayhew Plaza Shopping Center, a 39,867-sqaure-foot retail center in Woodland Hills, Calif The...
Pyramid Cos has negotiated a five-year extension of the $430 million CMBS financing against its Destiny USA shopping center in Syracuse, NY The financing, securitized through JPMorgan Chase Commercial Mortgage Securities Trust, 2014-DSTY, was facing...
AZ Big Media An affiliate of SmartStop Self Storage has paid $255 million, or $16970/sf, for the 150,260-square-foot self-storage property at 12220 East Riggs Road in Chandler, Ariz The Ladera Ranch, Calif, company purchased the property from an...
Associated Bank and Old National Bank each has provided $325 million of financing for the construction of Carbon 31, a 403-unit apartment property in Bloomington, Minn The property, at 8100 31st Ave S, about 11 miles south of Minneapolis, is being...
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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