CMBS loans against properties in the country’s top 10 metropolitan statistical areas had a pay-off rate of 5631% this year through July In other words, $252 billion of the $474 billion of loans that came due paid off on time The payoff data...
Northmarq has provided $561 million of Fannie Mae financing against the 354-unit Wintercrest Village apartments in the San Diego suburb of Lakeside, Calif The 10-year loan requires only interest payments for its entire term The property, at 12002...
SparrowHawk has paid just less than $400 million, or $9091/sf, for a portfolio of 20 industrial buildings with 44 million square feet in four Midwestern states The Houston industrial property investment manager, which last year lined up $300 million...
Varia US Properties AG, a Swiss company that owns US apartment properties, has agreed to sell a stake in 13 of its apartment properties, with 4,112 units, to Brookfield Asset Management It’s selling a 90% stake in four properties with 1,060...
An affiliate of Acadia Realty Trust has committed to provide $75 million of mortgage financing to fund the $56 million, or $46830/sf, purchase of the 119,584-square-foot Whitestone Shopping Center in the Whitestone section of Queens, NY, and the...
Commercial Real Estate Direct Staff Report Voya Investment Management has provided $2325 million of mortgage financing against the 105-unit Align Apartments in the Seattle suburb of Federal Way, Wash Northmarq arranged the four-year loan on behalf...
Puget Sound Business Journal Ares Management has paid $55 million, or $22277/sf, for Tacoma Central Logistics, a 248,000-square-foot industrial property in Tacoma, Wash The Los Angeles investor acquired the property, at 1950 State St, from its...
Denver Business Journal Stonemont Financial Group and PCCP have paid $117 million, or $18253/sf, for North Central Logistics Center, a three-building industrial property with 641,000 square feet in Denver The property is just one of the 38 that the...
Tampa Bay Business Journal A joint venture led by Broad Creek Capital has paid $67 million, or $212,698/unit, for The Crossings at Palm Aire, a 315-unit apartment complex in Sarasota, Fla The Washington, DC, investment firm teamed with Hillridge...
Multi-Housing News Bridge Investment Group has paid $501 million, or $278,333/unit, for the 180-unit River Ridge apartments in Tualatin, Ore, about 13 miles southwest of downtown Portland, Ore The Salt Lake City investor acquired the property from...
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