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...
Bldup A venture of Rockpoint Group and Post Road Residential has broken ground for a 475-unit apartment property in the Boston suburb of Marlborough, Mass The two-building property will be on Simarano Drive off Interstate 495, about 35 miles west of...
Crain’s New York Business Atlas Hospitality has filed plans to develop a 401-room hotel at 711 Seventh Ave in Manhattan The Albertson, NY, developer expects to break ground on the project in January and complete it in 2025 The site sits between...
Commercial Observer The Carlyle Group has expanded its lease to 194,702 square feet at the 17 million-square-foot One Vanderbilt office building in Manhattan The private-equity company recently signed for 33,924 sf on the 32nd floor of the 67-story...
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...
Boston Business Journal Savage Properties has filed plans to build a 139-unit apartment property at 1558 Tremont St in Boston The Brookline, Mass, developer wants to demolish the existing three-story building on the development site, which is at the...
Commercial Observer Wegmans has signed a 30-year lease for 82,000 square feet of retail space at 770 Broadway in Manhattan It will be the first store in Manhattan for the Rochester, NY, grocery chain Wegmans expects to move into the building in the...
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 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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