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...
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...
The Real Deal Two Kings Real Estate has bought the 226-room Holiday Inn Hotel in the Chelsea section of Manhattan for $803 million, or $335,309/room Watermark Lodging Trust sold the property, at 125 West 36th St, which has been struggling...
NewPoint Real Estate Capital has provided $69 million of mortgage financing under the US Department of Housing and Urban Development’s 223(f) program against the 255-unit Ascent apartment property in the Denver suburb of Westminster, Colo The...
Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc has offered to purchase, at a discount, the two loans totaling $1121 million against its Jefferson Mall in Louisville, Ky, and Southpark Mall in suburban Richmond, Va The...
SL Green Realty Corp has partnered with a group of institutional investors from South Korea and Israel on its $445 million, or $1,320/sf, purchase of the 337,000-square-foot office building at 450 Park Ave in midtown Manhattan The group funded its...
An affiliate of Hampshire Properties has purchased the 276-unit Mansion at Bala apartment property in Philadelphia The Brooklyn, NY, affiliate, Rose Valley Capital, bought the 12-year-old property from Winther Investment Inc of Houston It funded the...
CarVal Investors, which last year originated $11 billion of loans, is hoping to fund a similar amount this year, despite the headwinds it and other alternative lenders are facing But the lender, like others, is facing some substantial challenges,...
Commercial Real Estate Direct Staff Report A venture of Asland Capital Partners and Pembroke Residential Holdings has lined up $100 million of financing, from a mix of low-income housing tax credits and state-issued housing bonds, for 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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