Commercial Real Estate Direct Staff Report Ardent Cos has provided $10 million of financing to fund the redevelopment of a former Rodeway Inn in Kissimmee, Fla, near the entrance to Walt Disney World, into an upscale Ascend Hotel The floating-rate...
South Florida Business Journal Allen Morris Co has lined up $1325 million of construction financing for Ponce Park, a 58-unit luxury condominium building in Coral Gables, Fla The local developer lined up the financing from Bank OZK It was arranged...
Deutsche Bank has provided a $935 million loan to fund the conversion of the 147,101-square-foot office property at 830 Third Ave in Manhattan into 188 apartment units The property is owned by a venture of Namdar Realty Group and Empire Capital...
Priority Capital Advisory has arranged $174 million of senior and mezzanine financing for the development of the first phase of the Blosser Ranch master-planned community in Santa Maria, Calif, along the state’s central coast The 160-acre...
Multi-Housing News Rockefeller Group has started construction of the 213-unit Corsica Villas at Laveen apartment property in Phoenix The New York developer is building the property at 8181 South 20th St, about seven miles south of the city’s...
Bank OZK and Affinius Capital have provided a total of $1407 million of financing for the construction of the 270-unit Piazza at Ardmore apartment property in the Philadelphia suburb of Ardmore, Pa The property, in the Philadelphia region’s...
New York City real estate investors David Levinson and Marty Burger have launched L&L Infinite, which will pursue development opportunities in the New York and South Florida areas The venture will also make debt and equity investments in...
The global data-center sector is expected to increase by 97 gigawatts over the next five years, nearly doubling the current 103 GW inventory, according to JLL This year, the global inventory is set to grow by 12...
Triangle Business Journal Stag Industrial has paid $83 million, or $24397/sf, for Building Three in the Triangle 55 business park in Durham, NC The Boston company purchased the 340,200-square-foot building from its developer, Scannell Properties of...
Commercial Real Estate Direct Staff Report Safehold Inc has acquired the ground-lease interest in the 207-unit apartment property that’s being developed at 6033-6039 De Soto Ave in Woodland Hills, Calif, a suburb of Los Angeles Safehold is a...
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