Philadelphia Business Journal Exeter Property Group has paid $202 million, or $13649/sf, for the 148,000-square-foot office building at 931 South Matlack St in the Philadelphia suburb of West Chester, Pa The Conshohocken, Pa, investment manager...
Philadelphia Business Journal MRP Realty has paid $210 million, or $150/sf, for 43 industrial properties with 14 million square feet in suburban Philadelphia The Washington, DC, company bought the properties from the Gambone Group of East Norriton,...
A venture led by Brandywine Realty Trust has lined up $1867 million of construction financing against the Schuylkill Yards West mixed-use project in Philadelphia The loan matures in July 2025 and pays a floating rate that results in a 375 percent...
KKR & Co has provided $729 million of financing for the Beacon, a 187-unit apartment building in downtown Cleveland The seven-year loan, which pays a four percent coupon, was arranged by Berkadia It allowed the 29-story property’s...
Commercial Real Estate Direct Staff Report Bank Leumi has provided $37 million of financing against the 116-unit apartment property at 222 Johnson Ave in Brooklyn, NY The loan allowed the property’s owner, Slate Property Group of New York, to...
Dallas Morning News An affiliate of HASTA Capital has lined up $561 million of Freddie Mac financing for its purchase of the Mondrian, a 218-unit apartment building in Dallas’ Uptown area Walker & Dunlop arranged the financing Additional...
Commercial Real Estate Direct Staff Report Boston Properties Inc plans to assume the $2023 million CMBS loan against 360 Park Ave South, a 451,800-square-foot office building in Manhattan As reported, the Boston REIT has agreed to acquire the...
Bisnow Perseus TDC, an affiliate of Transwestern Development Co, has broken ground on a 158-unit apartment project in Washington, DC The property, at the intersection of 15th and S streets NW, will have business and fitness centers, a rooftop...
Washington Business Journal Developer Leonard Michel has filed plans to build the Village at Clear Springs residential project in Leesburg, Va Plans call for 450 multifamily units, 203 single-family detached homes and 585 single-family attached...
Commercial Real Estate Direct Staff Report Demand for loans against apartment properties from the US Department of Housing and Urban Development has gotten so strong that it now can take more than a year to close a loan after application During the...
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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