Pacific Housing has recapitalized four affordable apartment properties and two seniors-housing properties with a total of 1,032 units in the Sacramento, Calif, area in a deal valuing them at $1816 million The recapitalization involved bringing in...
Crain’s Chicago Business John Buck Co is offering for sale 33 North LaSalle St, a 403,000-square-foot office building in Chicago The local developer has hired JLL to market the 38-story property It is encumbered by a $584 million mortgage that...
The Real Deal Safra National Bank has provided a $100 million loan against a pair of office buildings at 42 Greene and 90 Grand streets in Manhattan’s SoHo area Newmark arranged the financing, which allowed the buildings’ owner, Zar...
PCCP LLC has provided $434 million of financing for the construction of a 58,950-square-foot industrial property in the Hunts Point area of the Bronx, NY The property, at 1100 Leggett Ave, two blocks from the Bruckner Expressway, already has been...
Square Mile Capital Management has provided $563 million of financing against the 306-room Sofitel Philadelphia, facilitating the property’s $80 million, or $261,438/room, purchase by a venture of Clearview Hotel Capital and Oaktree Capital...
Commercial Observer Chetrit Group and Stellar Management have secured a $365 million loan from Citigroup, BMO Capital Partners and Starwood Property Trust against the 850-unit Park West Village apartment property on the Upper West Side of Manhattan...
Ramsfield Hospitality Finance and AB CarVal have provided $60 million of mortgage financing against the 244-room Moran Hotel near Houston’s Energy Corridor The loan, with a three-year term and two one-year extension options, allowed the...
REBusiness Online A subsidiary of National Realty & Development Corp has secured $235 million of financing against North Haven Pavilion, a 148,277-square-foot shopping center in North Haven, Conn Cronheim Mortgage of Chatham, NJ, arranged the...
The Real Deal HUBB NYC Properties has purchased the 130-unit apartment building at 150 Union Ave in the Williamsburg section of Brooklyn, NY, for $768 million, or $590,769/unit The New York apartment owner bought the property from its developer,...
Commercial Observer Largo Investments has sold its recently completed 21,000-square-foot office building at 17 North 7th St in the Williamsburg section of Brooklyn, NY, for $24 million, or $1,143/sf The buyer, Shawnick Williamsburg LLC of New York,...
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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