Commercial Real Estate Direct Staff Report JPMorgan Chase Bank has provided $779 million of financing against the 76-unit Townhouse on the Park apartments in the Long Island City area of Queens, NY The loan allowed the property’s developer and...
Merchants Bank of Indiana has provided $71 million of financing against Wildhorse, a 188-unit apartment property in Chesterfield, Mo The financing allowed the property’s owner, Great Lakes Capital of South Bend, Ind, to retire construction...
Flywheel Capital has paid $6685 million, or $22312/sf, for Gateway Centre, a 299,614-square-foot office property in the Denver suburb of Aurora, Colo The local investor purchased the property from Equus Investment Partnership XI LP, a $38778 million...
Commercial Real Estate Direct Staff Report JLL Income Property Trust Inc has paid $84 million, or $411,765/unit, for the 204-unit Rockwell apartment property in Berlin, Mass, about 40 miles west of Boston The Chicago REIT, whose shares do not trade...
Bldup Citizens Bank has provided $1748 million of construction financing for the 224,106-square-foot laboratory project at 66 Galen St in the Boston suburb of Watertown, Mass A venture of the Davis Cos and Boston Development Group is constructing...
Commercial Observer Starwood Property Trust has provided $96 million of construction financing for the development of the 386-unit apartment project at 425 Summit Ave in Jersey City, NJ Meridian Capital Group arranged the debt on behalf of Spitzer...
South Florida Business Journal The Carlyle Group has sold its stake in the B Ocean Resort Fort Lauderdale hotel in South Florida as part of a recapitalization of the 481-room property Rockpoint Group of Boston bought the stake in a deal that values...
Atlanta Business Chronicle The Related Cos has bought Dunwoody Glen, a 510-unit apartment property in Atlanta for $842 million, or about $165,098/unit The New York company acquired the complex from The Sterling Group of Mishawaka, Ind, in a deal...
Charlotte Business Journal Delray Ventures has paid $13 million, or about $50893/sf, for a 25,544-square-foot mixed-use property at 1406 Winnifred St in Charlotte, NC The local investor bought the building from The Dilweg Cos of Durham, NC Trinity...
Tampa Bay Business Journal Icaria on Pinellas, a 236-unit apartment complex in Tarpon Springs, Fla, has been sold for $6565 million, or about $278,178/unit A venture of Backstreets Capital and Atlantic American Partners sold the property to RSE...
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.
Subscribe to our Weekly Newsletter!
