The Real Deal Innovo Property Group, which late last year had struck a deal to buy the 864,303-square-foot office building at 452 Fifth Ave in midtown Manhattan, hasn’t completed its purchase and lost its $35 million deposit Innovo was to have...
PCCP LLC has provided $508 million of mortgage financing for the construction of Henley Place, a 178-unit apartment building in the Portland, Ore, suburb of Milwaukie, Ore The six-story building is being developed by Pahlisch Commercial of Bend,...
Parkview Financial has provided $225 million of financing against the 140,000-square-foot office building at 2225 3rd Ave North in Birmingham, Ala The loan is designed to allow the property’s owner, EPT Holdings LLC, an investor group...
Commercial Real Estate Direct Staff Report Northwestern Mutual Life Insurance Co has provided $65 million of mortgage financing against Skyline Lofts, a 332-unit apartment property in Phoenix The 10-year loan, which amortizes on a 30-year schedule,...
Commercial Real Estate Direct Staff Report The $231 million CMBS loan against 260 and 261 Madison Ave, a pair of office buildings with 923,277 square feet in midtown Manhattan wasn’t paid off when it matured earlier this month A $126 million...
Pyramid Cos has negotiated a five-year extension of the $430 million CMBS financing against its Destiny USA shopping center in Syracuse, NY The financing, securitized through JPMorgan Chase Commercial Mortgage Securities Trust, 2014-DSTY, was facing...
Associated Bank and Old National Bank each has provided $325 million of financing for the construction of Carbon 31, a 403-unit apartment property in Bloomington, Minn The property, at 8100 31st Ave S, about 11 miles south of Minneapolis, is being...
Commercial Real Estate Direct Staff Report Webster Bank has provided a $45 million loan to facilitate the $130 million, or $15070/sf, purchase of 10 West Commerce Park, a 862,622-square foot industrial property in Buckeye, Ariz A venture of...
Commercial Real Estate Direct Staff Report Summit on Thomas LLC has paid $21 million, or $210,000/unit, for the 100-unit Rise on Thomas apartment property in Phoenix The investor group, managed by Jay Trygstad and Teresa Hei of Millbrae, Calif,...
Commercial Observer Rosewood Realty Group is marketing for sale a mixed-use project that’s currently under construction at 159 Broadway in the Williamsburg section of Brooklyn, NY Bidding on the property, which was thrown into bankruptcy in...
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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