FCP has paid $4125 million, or $273,179/unit, for the 151-unit Yardley Monroe apartment property in the Charlotte, NC, suburb of Monroe, NC The property was developed by Taylor Morrison Inc of Scottsdale, Ariz, in 2014 It is comprised of detached...
Morningstar DBRS has sharply downgraded the two most senior classes of the CMBS deal that holds a $16142 million mortgage against nine office properties with 139 million square feet owned by a Brookfield Asset Management-sponsored fund It downgraded...
Hull Property Group has acquired the Dayton Mall in Dayton, Ohio, for $37 million, resolving a long-troubled CMBS loan that had a $2078 million balance at the time of the retail property's purchase The transaction resulted in an $115 million loss to...
BDT & MSD Partners and an affiliate of Apollo Global Management have provided $86 million of financing to fund the construction of the 316-unit apartment building that comprises the first phase of the District mixed-use complex in Round Rock,...
Commercial Observer CBRE has provided $96 million of Freddie Mac financing against the 360-unit Prospect Place apartment complex in the northern New Jersey city of Hackensack The two-building property, at 300-310 Prospect Ave, is owned by Khosla...
South Florida Business Journal Azora Private has bought the 55,000-square-foot office building at 3480 Main Highway in Coconut Grove, Fla, for $61 million, or $1,109/sf The local investment firm purchased the five-story property from a venture of...
South Florida Business Journal Volta Global has paid $238 million, or $16587/sf, for the two-building retail and self-storage property at 5301 and 5315 West 20th Ave in Hialeah, Fla The Miami company purchased it from companies managed by Raul...
Triangle Business Journal DRA Advisors has bought Forty540 II, a 198,424-square-foot office building in Morrisville, NC, for $455 million, or $22931/sf The New York company purchased the five-story structure from FCP of Chevy Chase, Md, which had...
Commercial Real Estate Direct Staff Report Brookfield Properties has lined up $800 million of fresh mortgage financing against the leasehold interest in the 243 million-sf 225 Liberty St office property in Lower Manhattan The loan, which is being...
Commercial Real Estate Direct Staff Report The continued weak performance of 521 Fifth Ave in Midtown Manhattan has prompted S&P Global Ratings to downgrade three bond classes of COMM, 2019-521F, the CMBS deal that holds the 494,527-square-foot...
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