Commercial Real Estate Direct Staff Report Ashford Hospitality Trust Inc, which last month launched an effort to evaluate strategic alternatives, has negotiated the term extension, through July 9, of the $7336 million loan against 18 hotels it...
Deutsche Bank has provided a $935 million loan to fund the conversion of the 147,101-square-foot office property at 830 Third Ave in Manhattan into 188 apartment units The property is owned by a venture of Namdar Realty Group and Empire Capital...
Commercial Real Estate Direct Staff Report Reliant Group has paid $513 million, or $213,750/unit, for Villas at Lakewood, a 240-unit apartment property in Marysville, Wash, a northern suburb of Seattle The San Francisco investment firm acquired the...
The Brookfield Properties venture that owns the 27 million-square-foot One New York Plaza office property in lower Manhattan has secured a two-year term extension of the property’s $835 million CMBS loan The loan, securitized through One New...
Priority Capital Advisory has arranged $174 million of senior and mezzanine financing for the development of the first phase of the Blosser Ranch master-planned community in Santa Maria, Calif, along the state’s central coast The 160-acre...
Phoenix Business Journal Baron Properties has paid $23 million, or $15676/sf, for the 146,723-square-foot industrial property at 4703 West Brill St in Phoenix The Denver developer bought the 27-year-old property from Bixby Land Co, which bought it...
PCCP LLC has provided $4125 million of senior financing against the 182-unit Sovana at Stuart active-adult residential property in the southeast Florida city of Stuart The two-building property, at 1900 Northwest Federal Highway, just off US Route...
Brand Street Properties and Barings purchased the 357,742-square-foot Shops at Evergreen Walk retail center in South Windsor, Conn, for $9825 million, or nearly $275/sf The venture purchased the property, along Interstate 84 at 501 Evergreen Way,...
Commercial Real Estate Direct Staff Report Breakthrough Properties has turned to the CMBS market for a $465 million loan against its 520,000-square-foot Torrey Heights life-science property in San Diego Breakthrough, a venture formed in 2019 by...
Dwight Mortgage Trust has provided $884 million of fixed-rate financing against three apartment properties, two in Fayetteville, NC, and one in Tuscaloosa, Ala The two five-year loans allowed the properties’ owners to refinance existing debt...
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