Madison Realty Capital and Cottonwood Group have provided $211 million of financing to fund the construction of the 112-unti LIDO Oceanfront Residences residential condominium property that Inspired by Somerset Development is planning for Asbury...
Crain’s Chicago Business Honore Properties has paid $92 million, or $6498/sf, for the 141,593-square-foot office property at 70 East Lake St in Chicago, with plans to convert it into 170 apartment units The local developer acquired the...
Finmarc Management Inc has sold the 83,300-square-foot Park East III flex-office building and a neighboring 64-acre parcel in the Washington, DC, suburb of Chantilly, Va, to Pulte Homes for $2636 million, or $31645/sf The single-story building is at...
Commercial Real Estate Direct Staff Report The CMBS financing against the Harborplace retail property within Baltimore’s Inner Harbor area has transferred to special servicer Midland Loan Services as it’s not expected to be paid off by...
Multi-Housing News Concord Summit Capital has arranged $1155 million of financing for the construction of the 457-unit Collins at Union Park apartment property in Fort Collins, Colo The property is being developed by Livmark Communities of Windsor,...
Dwight Mortgage Trust has provided $183 million of financing for the construction of a 530-unit apartment property in the northern California city of Gilroy The loan is the largest construction loan ever originated by the company, the mortgage REIT...
South Florida Business Journal Tabani Group has paid $2573 million, or $1,080/sf, for the 23,824-square-foot Wynwood Jungle retail property in Miami The Dallas investor acquired the two-story shopping center from an affiliate of local real estate...
Washington Business Journal GoodHomes Communities has paid $35 million, or $187,166/unit, for the Arlington Court Suites, a 187-room hotel in the Washington, DC, suburb of Arlington, Va The New York investment firm purchased the property from an...
Nashville Business Journal Shorenstein Investment Advisors has paid $1465 million, or $63420/sf, for the Moore Building, a 231,000-square-foot office building in Nashville, Tenn The San Francisco investor purchased the 15-story property from a...
Jacksonville Business Journal G3 Enterprises has paid $3739 million, or $103/sf, for a 363,000-square-foot warehouse at 12751 Gran Bay Parkway in Jacksonville, Fla The Modesto, Calif, company acquired the industrial building from Redfearn Capital of...
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.
