Lument has provided $226 million of bridge financing to help fund American Ventures’ purchase of the Junction, a 205-unit apartment property in the Dallas suburb of Arlington, Texas Lument, formerly known as Orix Real Estate Capital, initially...
Commercial Real Estate Direct Staff Report Rise48 Equity LLC has paid $92 million, or $319,444/unit, for the Nolan, a 288-unit apartment property in Mesa, Ariz The Phoenix investor, which was represented by Northmarq, purchased the property from an...
Multi-Housing News Southern Land Co has started work on a 254-unit apartment building at 1620 Sansom St in downtown Philadelphia The Nashville, Tenn, developer expects to complete the 27-story property by winter of 2023 It bought the development...
PCCP LLC has provided $582 million of mortgage financing against the Bluffs at Castle Rock, a 220-unit apartment property in Castle Rock, Colo The loan allows the property’s owner, Security Properties of Seattle, to facilitate a...
Multi-Housing News Rockrose Development has lined up a $210 million loan from Metropolitan Life Insurance Co against 47-05 Center Blvd, a 396-unit apartment property in Queens, NY Avison Young arranged the 15-year loan, which allowed Rockrose to...
Commercial Observer May Riegler Properties plans to develop the two-building Highland Logistics Center on a 283-acre site in Frederick, Md The Washington, DC, developer recently bought the development site from Envision Capital of Frederick, which...
Commercial Real Estate Direct Staff Report Fringe Capital Partners has paid $267 million, or $310,465/unit, for the Willow, an 86-unit apartment property in Phoenix The local investment firm purchased the property from Hanson Capital Group of...
Minnesota Life Insurance Co has provided a $25 million mortgage against the 95,688-square-foot grocery-anchored retail center at 900 Madison St in Hoboken, NJ The 10-year loan was originated by Securian Asset Management of St Paul, Minn, on...
Seldin Co has secured $284 million of financing against Westport on the Lake, a 260-unit apartment property in Omaha, Neb Northmarq arranged the financing on behalf of the local management company The loan was provided by an unnamed life insurance...
Commercial Real Estate Direct Staff Report Swift Real Estate Partners has lined up $325 million of mortgage financing from Bank of the West against 425 Pontius, a 75,267-square-foot office property in Seattle that it had acquired in April for $395...
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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