Atlantic Management Corp has lined up a total of $965 million of mortgage financing against a pair of industrial properties in the Boston suburb of Westborough, Mass The Framingham, Mass, investment manager, working through Newmark, placed a $705...
STR and Tourism Economics, which late last year had projected that revenue per available room, a widely used performance metric for hotels, would fully recover in 2023, now expect it to fully recover, on a nominal basis, this year The latest...
The Real Deal Bank of China has provided $412 million of financing against the 680-room JW Marriott Miami Turnberry Resort Hotel & Spa The loan, arranged by Newmark, allowed the property’s owner, Fontainebleau Development, to refinance a...
PCCP LLC has provided $755 million of financing against the 286-unit Heirloom apartment property in Portland, Ore The loan allowed the property’s owner, NBP Capital, to refinance construction debt The property, which was completed last year,...
Commercial Real Estate Direct Staff Report FirstBank has provided $7823 million of financing to facilitate Jason McCool’s $11175 million, or $302,845/unit, purchase of two apartment properties with a total of 369 units in Tempe, Ariz McCool,...
Commercial Real Estate Direct Staff Report Security Properties has paid $495 million, or $294,642/unit, for the 168-unit Sienna Pointe Apartments in Bend, Ore The Seattle investment manager purchased the property from a New Orleans investor group...
A venture of WC Smith and Anacostia Economic Development Corp has received $95 million in debt and equity for the construction of Terrace Manor, a 130-unit affordable-housing property in the Randle Heights area of Washington, DC The District of...
Commercial Property Executive Western Alliance Bank has provided $616 million of financing for the construction of Hatcher Industrial Park, a two-building property totaling 906,125 square feet in Glendale, Ariz A venture of Ryan Cos and Westcore...
Thorofare Capital Inc has provided $28 million for the construction of NuLu Yards, a 189-unit apartment property in Louisville, Ky The property is being developed by Weyland Ventures, a Louisville developer led by the Weyland family, whose...
The volume of CMBS loans in special servicing declined by a mere 035 percent in July, to $2915 billion, marking the smallest monthly decline since January 2021 While the volume of retail and hotel loans continued to decline, the volume of office...
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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