Citibank has provided $690 million of financing against a portfolio of 13 apartment properties with 4,077 units throughout Florida, Kentucky, South Carolina, Tennessee, and Texas Newmark arranged the loan, which is expected to be securitized, on...
Dwight Mortgage Trust has provided $675 million of financing against the 260-unit Elements at Saratoga Lake townhome-apartment community in Saratoga Springs, NY The property was developed in 2024 at 1 Forest Ridge Blvd by Blue Iron Development of...
Commercial Real Estate Direct Staff Report Last year, 402,175 apartment units were delivered across the country, according to Cushman & Wakefield At the same time, 355,628 units were absorbed, marking the fourth year in a row in which deliveries...
South Florida Business Journal Bank OZK has provided $3238 million of construction financing for the Four Seasons Private Residences Coconut Grove condominium project in Miami A venture of CMC Group and Fort Partners broke ground on the 70-unit...
Greystone has provided $492 million of Fannie Mae mortgage financing against the 150-unit SoNo Central apartment property in Norwalk, Conn The loan has a 10-year term and requires only interest payments for its first three years, after which it...
Multi-Housing News Sumitomo Mitsui Trust Bank has originated $808 million of financing for the construction of Jules San Pedro, a 281-unit apartment property in Los Angeles The property is being developed by a venture of High Street Residential of...
Blank-check companies might be on their way back So far this year, 20 SPACS have been launched targeting just more than $48 billion through their initial public offerings Among them is Cantor Fitzgerald & Co, which might end up targeting a real...
SL Green Realty Corp, which last month sold a 49% stake in Manhattan’s 100 Park Ave to Rockpoint Group, has negotiated a modification of the 874,200-square-foot office building’s $38287 million loan, effectively extending its term an...
Triad Business Journal DRA Advisors has paid $6085 million, or $246,357/unit, for the 247-unit Hawthorne at the Parkway apartment complex in Cary, NC The New York company purchased the three-story property Hawthorne Residential Partners of...
Apollo Commercial Real Estate Finance Inc has agreed to sell its entire portfolio of commercial mortgages to Athene Holding Ltd, after which it will evaluate pursuing a different business strategy or strategic transaction that could include its...
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