Commercial Observer Colorado Federal Bank has provided $23 million of construction financing for the conversion of a former event venue in Brooklyn, NY, into a 60-unit apartment property Double U Development is developing the eight-story project at...
Commercial Observer Sumitomo Mitsui Banking Corp has provided $1075 million of financing against a 599-unit apartment portfolio in Richardson, Texas, and King of Prussia, Pa Ares Real Estate owns the two-property portfolio, which consists of Axis...
D2 Residential has provided $621 million of financing against the 316-unit Exchange at Holly Springs apartment property in the Raleigh, NC, suburb of Holly Springs, NC The five-year loan, which pays a floating coupon, was arranged by JLL Capital...
Dwight Capital has provided $32 million of mortgage financing under the US Department of Housing and Urban Development’s 223(f) program for the 110-unit Americana apartment property in Philadelphia The property, at 1775 North American St, is...
Multi-Housing News Bank OZK has provided $1327 million of financing for the construction of ElevenOneEleven, a 344-unit apartment complex in Culver City, Calif A venture of Lincoln Property Co and McCourt Partners is building the property at 11111...
Commercial Property Executive NorthPoint Development has paid $226 million, or $14768/sf, for the 153,035-square-foot San Diego International Center in San Diego The Kansas City, Mo, company acquired the industrial building, at 8830 Siempre Viva...
EPR Properties has paid $39 million, or $325/sf, for the 120,000-square-foot former Saks Fifth Avenue building at the Tysons Galleria shopping mall in McLean, Va The Kansas City, Mo, REIT acquired the property from an affiliate of Saks Fifth Avenue,...
Bisnow Pontegadea Investments SL, the family office of Amancio Ortega, founder of Inditex, which owns Zara and other fashion brands, has paid about $550 million, or nearly $393/sf, for 1 North Wacker Drive, a 15 million-square-foot office property...
Portland Business Journal An affiliate of Trinity Property Consultants has paid $404 million, or $226,966/unit, for the 178-unit 10th @ Hoyt apartment property in Portland, Ore’s Pearl District The Irvine, Calif, multifamily owner-operator...
A venture of Sterling Organization and Cohen & Steers Income Opportunities REIT Inc has paid $325 million, or $20021/sf, for the 162,326-square-foot Manchester Village retail property in the Charlotte, NC, suburb of Rock Hill, SC The venture...
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