KKR Real Estate Finance Trust originated eight mortgages totaling $9671 million during the quarter ended June 30, the mortgage REIT's highest quarterly volume in two years Among its originations were three construction loans for industrial...
San Diego Business Journal Capstone Advisors has paid $14 million, or $18786/sf, for Galveston Tech Center, a 74,525 square-foot industrial and research and development property in Chandler, Ariz The Carlsbad, Calif, investment firm, which was...
Bisnow Hilco Redevelopment Partners has filed plans to construct a massive mixed-use project on the site of the former Potomac River Generating Station in Alexandria, Va The development, at 1300 North Royal St, will have 2,000 apartment units,...
Bisnow WC Smith has filed plans to construct a 520-unit apartment property at 850 South Capitol St SE in Washington, DC The Washington developer is under contract to acquire the site from CSX Transportation The site sits near the intersection of...
First National Realty Partners has paid $383 million, or $27578/sf, for Cedar Center South, a 138,881-square-foot retail center in University Heights, Ohio, about nine miles east of Cleveland The Red Bank, NJ, investment manager, which owns 31...
Puget Sound Business Journal Blackstone Group has paid $3028 million, or $700,925/sf, for two apartment properties that total 432 units in Seattle The New York investment manager acquired the properties -the 251-unit Ascent South Lake Union at 1145...
ZMR Capital has paid $65 million, or $162,500/unit, for the 400-unit Hanley Place Apartments in Tampa ZMR, a Tampa investor, bought the property, at 7315 West Hanna Ave, from NorthEnd Equities of Brooklyn, NY, which had acquired it in 2019 for $422...
Real Estate NJ McGowan Builders is planning a 224-unit apartment property in Hackensack, NJ The project is being proposed for the site at 89, 93, 95 and 107-109 Anderson St It currently houses vacant buildings that will be demolished The project...
The Real Deal Blackstone Mortgage Trust has provided $500 million of financing for the construction of the 745-unit apartment property at 227 West St in Brooklyn, NY The debt is comprised of a $400 million mortgage and a $100 million mezzanine loan...
The Real Deal Hero Construction has lined up $195 million of construction financing from Metropolitan Bank for the 119-unit Modern apartment property in East Orange, NJ The 18-month loan was arranged by Progress Capital The five-story building, at...
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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