Pacific Life Insurance Co has provided $1246 million of financing against the 363-unit Arthur on Aberdeen apartment property in Chicago’s Fulton Market neighborhood JLL Capital Markets arranged the three-year loan on behalf of the two-year-old...
OakNorth Bank has provided $50 million of mortgage financing to fund Onward Investors’ purchase and repositioning of three office buildings within the Coliseum Centre office complex in Charlotte, NC As reported, the Minnetonka, Minn,...
Commercial Real Estate Direct Staff Report An affiliate of Golden Horizon Enterprises has paid $1125 million, or $336,826/unit, for Bungalows at Camelback, a 334-unit apartment property in Phoenix The purchase was first reported by the Phoenix...
Commercial Real Estate Direct Staff Report Plymouth Corporate Center, a 628,436-square-foot office property in the Minneapolis suburb of Plymouth, Minn, has been reappraised at a value of $453 million The latest appraisal, which was highlighted this...
A significant slug of securitized mortgages backed by hotels in the Austin, Texas, metropolitan statistical area could face refinancing challenges, as 39 loans with a total balance of $68558 million have debt yields less than 9%, according to data...
InvenTrust Properties has paid $34 million, or $20118/sf, for New Garden Crossing, a 169,000-square-foot retail property in Greensboro, NC The Downers Grove, Ill, REIT purchased the shopping center from Hackney Real Estate Partners of Richmond, Va,...
Orlando Business Journal Hedrick Brothers Development has lined up $565 million of construction financing for The Hedrick at Lake Toho Apartments, a 366-unit project in the Orlando, Fla, suburb of Kissimmee, Fla The Winter Park, Fla, developer...
New York Times The 38-story office property at 235 East 42nd St in Midtown Manhattan that is undergoing a residential conversion has been evacuated as construction workers noticed cracks, as well as structural support beams beginning to buckle on...
Commercial Property Executive MCA Realty has paid $206 million, or $14896/sf, for a three-building industrial property totaling 138,296 square feet in Kent, Wash, a city that’s 14 miles south of Seattle The Santa Ana, Calif, investment firm...
Commercial Real Estate Direct Staff Report The $375 million loan against the 58,850-square-foot Ditson Building in Lower Manhattan has been transferred to special servicing due to imminent default The loan, securitized through BANK, 2018-BN13, pays...
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