South Florida Business Journal Welltower Inc has purchased the Arbor at Lake Worth, a 377‑unit assisted-living facility in Lake Worth, Fla, for $872 million, or about $231,300/unit The Toledo, Ohio, company bought the property from Focus...
Commercial Real Estate Direct Staff Report Beal Bank has provided $176 million of non-recourse mortgage financing against four retail properties owned by CBL & Associates Properties Inc, allowing the Chattanooga, Tenn, REIT to completely...
Commercial Observer MF1 Capital has provided $170 million of financing for the completion of the 354-unit apartment property at 2366 Bedford Ave in the Flatbush neighborhood of Brooklyn, NY The property, which is set to open this year, is being...
National Life Group has provided $2675 million of financing against the 90-unit 8th & U Apartments in San Diego Northmarq arranged the three-year loan, which can be extended The property, at 3843 8th Ave, was developed last year by Greenline...
Multi-Housing News Mill Creek Residential has broken ground on Modera Woodmont Beach, a 290-unit apartment property in Des Moines, Wash The Boca Raton, Fla, developer is building the property at 26915 Pacific Highway South, about 20 miles south of...
The Real Deal A venture of Metro Loft Management and Quantum Pacific Group has agreed to pay about $100 million, or $26254/sf, for One Whitehall St in Lower Manhattan, with plans to convert the 380,895-square-foot office building into apartments The...
QuadReal Property Group has provided $144 million of financing for the construction of Carina, a 408-unit apartment property in Santa Ana, Calif JLL arranged the three-year loan, which pays a floating-rate coupon, on behalf of the property’s...
ConnectCRE Knightvest Capital has lined up $112 million of financing for its purchase of Ardan West Village, a 389‑unit apartment property in Dallas The local company bought the complex from Brookfield Properties in a deal brokered by Marcus &...
Commercial Property Executive Western Realco has paid $407 million, or $30410/sf, for a 133,836-square-foot office property at 600 East Vermont Ave in Anaheim, Calif The Newport Beach, Calif, investment firm acquired it from Rexford Industrial in a...
Commercial Observer Infinity Funds has provided a $375 million loan against the Centra, a 164-unit apartment property in the Midtown East section of Manhattan HKS Real Estate Advisors arranged the financing The property, at 230 East 44th St, is...
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.
