PGIM has provided $693 million of financing against the 185,536-square-foot Offices at the Grove office building in Phoenix The five-year, fixed-rate loan was arranged by JLL Capital Markets on behalf of the property’s owner, RED Development...
Affinius Capital has provided $226 million of financing against the recently completed House 55, a 295-unit apartment building at 55 Willoughby St in Brooklyn, NY The loan allowed the property’s developer, a venture of Lonicera Partners and...
New York Business Journal Northwind Group has provided $231 million of construction financing for the conversion of 675 Third Ave, a 337,000-square-foot office building in Manhattan, into as many as 450 apartments A venture of Metro Loft Management...
CRG has broken ground on two buildings totaling 911,040 square feet at the Cubes at Etna industrial park in Etna, Ohio The Chicago developer is building the properties on 305 acres at 10202 Hazelton Etna Road, about 20 miles southeast of downtown...
Several of the largest publicly traded office REITs are moving back into the ground-up development game, after years of focusing on leasing and balance-sheet...
The Real Deal A venture of Bender Cos and Eastham Capital has paid $32 million, or $145,454/unit, for the 220-unit Fox Run apartments in St Charles, Ill Bender, of Chicago, and Eastham, of Boca Raton, Fla, acquired the property, at 145 Walnut Drive,...
Northmarq has arranged $24 million of financing for the construction of a 49-unit student housing property at 2372 Ellsworth St in Berkeley, Calif The loan, which was provided by an unnamed bank, was secured on behalf of the developer, Bright Street...
South Florida Business Journal An affiliate of JVP Management has provided $1402 million of additional financing for New River Center, a 400-unit apartment project that’s under construction in Fort Lauderdale, Fla The lender took over an...
Multi-Housing News Corten Real Estate has provided $785 million of financing to facilitate CrossHarbor Capital Partners’ purchase of the 335-unit Alyssa apartment property in Tempe, Ariz CrossHarbor, of Boston, acquired the property, at 98...
Multi-Housing News Capital One has originated a $1572 million Fannie Mae loan against the 309-unit Villas at Playa Vista – Montecito apartment property in Los Angeles The loan allowed the property developer and owner, Irvine Co of Newport Beach,...
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