The two shopping malls that had backed the $14117 million of mortgage financing securitized through WFRBS Commercial Mortgage Trust, 2012-C7, carry a combined appraised value of only $11828 million It's likely the transaction will get hit with...
Fortress Investment Group has provided $269 million of financing for the construction of Nautilus 220, a proposed residential condominium project in Lake Park, Fla The loan was arranged by Concord Summit Capital of Denver, while law firm Arnstein...
Atlanta Business Chronicle Construction is underway on McAuley Station, a 170-unit mixed-income housing property east of downtown Atlanta Pennrose of Philadelphia is building the property on Gartrell Street near a MARTA transit station It will cost...
Crain’s New York Business New Empire Corp has purchased the 19,000-square-foot lot at 58-01 Queens Blvd in the Woodside section of Queens, NY, for $162 million, with plans to construct a 12-story residential condominium building The Brooklyn...
Dallas Morning News Toll Brothers Apartment Living has started work on The Remy, a 357-unit apartment project in the Dallas suburb of Frisco, Texas The multifamily development arm of the Fort Washington, Pa, homebuilder is constructing the...
Healthy CMBS issuance this year through May was enough to push volume to $4718 billion for the first half, up a tad from the $4626 billion during the same period a year ago Conduit issuance volume was up nearly 5 percent, while issuance of...
Commercial Observer A venture of Electra America and AKA has purchased the 152-room One Washington Circle Hotel in Washington, DC, for $49 million, or $322,368/room The property, at 1 Washington Circle, was purchased from George Washington...
Alternative lender 3650 REIT provided the $170 million of financing for the construction of the 364-unit LOFTY Brickell, a luxury residential condominium building that Newgard Development Group is building along the Rio Miami waterfront in...
Orlando Business Journal Plans have been filed for an 856-unit apartment project in the South Downtown district of Orlando, Fla The two-building project is being planned for a 56-acre industrial site at 415 West Kaley St If approved, it would be...
Wall Street Journal A venture of Black Spruce Management and Orbach Affordable Housing Solutions has agreed to buy six apartment buildings with about 1,700 units on Manhattan’s Upper East Side for $175 billion Since many leases in the...
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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