Commercial Observer Apple Bank has provided $42 million of financing against the 510,000-square-foot Nelson Tower office building at 450 Seventh Ave in Midtown Manhattan The loan, arranged by JLL Capital Markets, allowed the property’s owner,...
Commercial Observer A venture of Sovereign Partners and HudsonPoint Capital has agreed to pay about $385 million, or $70772/sf, for the 544,000-square-foot office building at 575 Fifth Ave in Midtown Manhattan It is buying the 40-story building from...
Commercial Real Estate Direct Staff Report The CMBS mortgage against the Dayton Mall in Dayton, Ohio, has had its term extended by just more than eight years through November 2030 The loan, securitized through WFRBS Commercial Mortgage Trust,...
Orlando Business Journal Terian Group has lined up $925 million of financing for the construction of the Emi on 50 apartment project in Orlando, Fla PCCP provided the financing, which was arranged by JLL Terian, of Maitland, Fla, is building the...
Dallas Business Journal Sterling Organization has bought Village at Allen, a 106 million-square-foot retail complex in suburban Dallas The West Palm Beach, Fla, private equity firm purchased the property through its $600 million Sterling Value Add...
State Farm Mutual Automobile Insurance Co has provided $52 million of financing against three industrial properties with 420,086 square feet in Ontario and Rancho Dominguez, Calif Northmarq arranged the loan on behalf of the owner, Carson Cos of...
Commercial Observer An investor group led by John Choi has paid $3355 million, or $203,636/unit, for four apartment buildings with a total of 165 units near Central Park in Manhattan The group, operating as Bando Geny 4 LLC of Los Angeles, bought...
OakNorth Bank has provided $255 million of financing to fund the development of an 87-unit apartment property at 2916 Atlantic Ave in the East New York area of Brooklyn, NY The proposed 11-story building, with nearly 5,000 square feet of commercial...
Commercial Real Estate Direct Staff Report Ben-Josef Group Holdings has paid $38 million, or $883,721/unit, for the 43-unit apartment property at 525 Union Ave in the Williamsburg section of Brooklyn, NY The New York investor acquired the property...
Atlanta Business Chronicle Local investor Zalik Investment Group has bought the One and Two Midtown Plaza office buildings with a combined 506,108 square feet in Atlanta’s Midtown area The buzz is that Zalik bought the two for more than $60...
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.
