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...
South Florida Business Journal Greenhouse Reflections LLC has sold the 77,916-square-foot office building at 2200 NW Corporate Blvd in Boca Raton, Fla, for $14 million, or about $17968/sf The company, which is managed by local attorney Marc D...
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...
Atlanta Business Chronicle Allen Morris Co wants to build a 340-unit apartment project in Atlanta’s West Midtown neighborhood The Miami company is planning the project for a one-acre site at 660 11th St NW, where a warehouse currently sits It...
Charlotte Business Journal Johnson Development Associates Inc has plans to build a 619,772-square-foot industrial project in Charlotte, NC The Spartanburg, SC, company is developing the two-building complex on a 925-acre site just off Old Dowd Road,...
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...
Commercial Real Estate Direct Staff Report An affiliate of Procaccianti Cos is in talks to possibly turn over, in a deed-in-lieu of foreclosure, the Hilton Suites Chicago Magnificent Mile to the CMBS trust that holds a $6997 million matured loan...
South Florida Business Journal A venture led by Related Group has bought the 143-unit Park Towers Apartments in Miami for $3375 million, or about $236,014/unit An affiliate of JI Kislak of Miami Lakes, Fla, was the seller The Housing Finance...
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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