Commercial Observer Scale Lending has provided $108 million of financing to fund the conversion of the 297,703-square-foot office property at 770 Second Ave in Manhattan into 140 apartment units The property, in the borough’s Murray Hill...
Dwight Capital has provided $27 million of financing under the US Department of Housing and Urban Development’s 241(a) program for the 104-unit second phase of the Ventana at Canyon West apartment property in Lubbock, Texas The property...
Crain’s Chicago Business Golub & Co has recapitalized Century Tower, a 293-unit apartment property in Chicago, in a deal that values the property at $647 million, or $220,819/unit The Chicago developer brought in EOS Residential Investors as a...
Commercial Real Estate Direct Staff Report The $28772 million CMBS loan against the Bridgewater Commons shopping mall in northern New Jersey has been paid down to $23888 million, facilitating its extension through November The loan, with an original...
Commercial Real Estate Direct Staff Report MetroWest, a 207,714-square-foot office property in the Chicago suburb of Naperville, Ill, has been sold for $161 million, or $7751/sf – 505% less than its sales price 11 years ago Real Capital...
Commercial Real Estate Direct Staff Report Northeast Building LLC has paid $765 million, or $28708/sf, for Gateway North, a 266,476-square-foot industrial property in Tukwila, Wash, a southern suburb of Seattle The Kirkland, Wash, developer, a unit...
While the overwhelming majority of CMBS shopping mall loans are performing, 59 loans with a balance of $427 billion, or just more than 8% of the total mall balance, are delinquent, according to the TreppCRE...
South Florida Business Journal Dwight Mortgage Trust has provided $50 million of construction financing for the first phase of the Ombelle Fort Lauderdale residential condominium project in Fort Lauderdale, Fla SBH Group arranged the loan on behalf...
Commercial Real Estate Direct Staff Report Moody’s Ratings estimates the value of the Hilton Minneapolis hotel at only $8911 million, contributing to its decision to downgrade three classes of a CMBS deal it rates that holds a $180 million...
Multi-Housing News Abacus Capital has paid $158 million, or $336,170/unit, for the 470-unit Abbey Lane apartment property in Danbury, Conn The New York investor acquired the property from 601W Cos, also of New York, which bought it in 2019 for $124...
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