Owners of office properties whose mortgages mature from now through 2025 could face a funding gap of $727 billion, according to analysis by CBRE Econometric Advisors The funding gap is the difference between the size of an existing loan and the...
Commercial Real Estate Direct Staff Report Accesso Partners has paid off a pair of CMBS loans totaling $7886 million against office properties it owns and exercised an option to extend the maturity of a third loan totaling $68 million The Hallandale...
Madison Realty Capital has provided $262 million of construction financing for the proposed 550-unit E11EVEN Residences Beyond residential condominium project in Miami’s District 11 area The loan, with a 35-year term, was arranged by JLL...
Cain International has partnered with Security Benefit Life Insurance Co to buy a portfolio of 10 construction loans with a total commitment of $12 billion from Pacific Western Bank The loans, against apartment and student-housing properties in New...
CrossFirst Bank has provided $23 million of financing for the construction of KV Casa Grande, a 314,453-square-foot industrial property in Casa Grande, Ariz The financing from the Leawood, Kan, bank was arranged by JLL Capital Markets on behalf of...
San Antonio Business Journal Dogwood Commercial Real Estate has purchased the 355,000-square-foot retail property at 8800 Broadway in San Antonio for an undisclosed price The Dallas investment firm bought the property from a company calling itself...
Aries Capital has arranged $50 million of short-term financing to facilitate the purchase of the 290,195-square-foot industrial property at 2875 Pomona Blvd in Pomona, Calif The financing has a three-year term Hawkeye Holdings LLC of Pomona...
Commercial Real Estate Direct Staff Report Kennedy-Wilson Holdings Inc, which last month had agreed to pay 92 cents on the dollar for a $24 billion portfolio of construction loans from Pacific Western Bank, has brought in as partner Fairfax...
Heitman has provided $643 million of financing for the construction of a 211,388-square-foot industrial property in Newark, NJ The three-year loan, arranged by JLL Capital Markets, allows Bridge Industrial of Chicago to build the property at 17...
Baltimore Business Journal A group led by Byrnes & Associates Inc has purchased the 129-room Hotel RL Baltimore in downtown Baltimore for $185 million, with plans to redevelop the property into 130 apartment units Byrnes, of Baltimore, is...
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.
