Denver Business Journal Summit Communities has paid $695 million, or $259,328/unit, for the 268-unit Arboreta Apartments in Aurora, Colo The Denver investor purchased the property from Evergreen Devco Inc, which had acquired it in 2020 for $46...
Global Medical REIT Inc has paid $21 million, or nearly $219/sf, for the 96,070-square-foot Prosperity Plaza medical office property in Fairfax, Va The Bethesda, Md, REIT purchased the 36-year-old building from its developer, an affiliate of the...
Multi-Housing News Greystone has provided $20 million of Fannie Mae financing against the 322-unit Del Vista Apartments in Lanham, Md, about 13 miles northeast of Washington, DC The loan was used to retire an $189 million Fannie mortgage Del Vista,...
New York Life Insurance Co has provided $81 million of construction-to-permanent financing against the Residences and Shoppes at Highland, a mixed-use property with 244 apartment units and 190,000 square feet of retail space in the Hialeah area of...
Commercial Real Estate Direct Staff Report The $2265 million mortgage against the 97,463-square-foot office/retail property at 693 Fifth Ave on Manhattan’s Upper East Side has transferred to special servicer LNR Partners Inc as the...
Commercial Real Estate Direct Staff Report Banc of California has provided $528 million of financing for the purchase of Hudson on Farmer, a 171-unit apartment property in downtown Tempe, Ariz Ideal Capital Group of Clovis, Calif, purchased the...
REBusiness Online Lotus Co has paid $254 million, or $20402/sf, for Church Ranch Corporate Center, a 124,500-square-foot office property in Westminster, Colo The Salt Lake City company purchased the four-story property from Certus, which was...
Dynamic Star has secured three loans totaling $115 million against development sites in New York City’s Queens and Bronx boroughs The New York developer lined up the financing from Columbia Pacific Advisors A $40 million piece of the financing...
Dallas Morning News Zale Properties has lined up $583 million of construction financing for the View at Sapphire Bay apartment project, with nearly 400 units in Rowlett, Texas, about 20 miles northeast of Dallas Principal Global Investors provided...
Houston Business Journal Cohen Asset Management has bought Park 505 at Hardy, a 534,134-square-foot distribution facility in Houston The Los Angeles real estate investor purchased the industrial property from a subsidiary of Investment and...
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.
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