Crain’s Chicago Business Vinayaka Hospitality has paid $432 million, or $128,955/room, for the 335-room Blackstone Hotel in downtown Chicago The Schaumburg, Ill, hotel manager acquired the property, at 636 South Michigan Ave, from a venture of...
South Florida Business Journal An affiliate of North American Development Group has lined up $10547 million of construction financing for Nuvo Midtown Boca, a 294‑unit apartment project in Boca Raton, Fla A lending group led by US Bank provided...
Affinius Capital and Axonic Capital have partnered to provide $43 million of construction financing to fund the 104-unit second phase of the Bayside Sarasota apartment project in the Gulf Coast city of Sarasota, Fla The seven-story building is being...
Multi-Housing News Deutsche Bank has provided a $741 million loan for the multifamily conversion of the 126,000-square-foot Bank of Italy office property in downtown San Jose, Calif The loan was arranged by Cushman & Wakefield on behalf of a...
Crain’s Chicago Business Tishman Speyer is offering for sale Union West, a 357-unit apartment property in Chicago The New York investment manager hired CBRE to market the property, which it bought in 2023 for $128 million At the time of...
South Florida Business Journal A venture of Madison Realty Capital and Siguler Guff has provided $126 million of construction financing for the Twenty Sixth & 2nd Wynwood Residences, a 233‑unit condominium project in Miami A venture of PMG and...
Orlando Business Journal Midtown Capital Partners has secured a $37 million bridge loan for the construction of the 171-unit Astor Pointe apartment project in Palm Bay, Fla RMWC provided the two-year, floating-rate loan, which was arranged by...
Commercial Property Executive AKIRA has agreed to extend its 202,105-square-foot lease at Crossroads Parkway, a 352,338-sf industrial property in Bolingbrook, Ill, a southwestern suburb of Chicago The fashion retailer, which has occupied space at...
Crain’s Chicago Business The 691,410-square-foot office building at 2 North LaSalle St in Chicago has been brought to the sales block by the bondholders that took control of it two years ago Torchlight Loan Services, the special servicer...
The venture of Rabina and New Blueprint Partners that’s developing the VIC apartment property in Vancouver, Wash, has lined up $75 million of construction financing for the 250-unit project The loan was arranged by JLL Capital Markets The...
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