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 Karahan Cos has proposed building a mixed-use project on more than 175 acres in the Dallas suburb of Frisco, Texas The project, dubbed North Fields, will have a mix of office, retail and commercial space, along with high-density...
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...
Dallas Morning News Napali Capital has bought the 152-room Tru by Hilton Hotel in downtown Dallas The Roanoke, Texas, company bought the property from Magnolia Hospitality Group The purchase price was not disclosed Magnolia had bought the property...
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...
Dallas Business Journal Hines has proposed building a 668,031-square-foot warehouse project in Fort Worth, Texas The industrial property, which is being built as part of the Houston developer’s Nortlink Logistics Center, could break ground as...
San Antonio Business Journal Construction is starting in the first quarter on the 112-room Arista San Antonio hotel in San Antonio Harris Bay is the project’s developer The company, with offices in San Antonio and Sacramento, Calif, has hired...
Austin Business Journal A development venture led by BlackRidge Capital LLC is breaking ground in September on the 116,624-square-foot Woodgate Corporate Park in Georgetown, Texas, about 28 miles north of Austin, Texas The two-building...
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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