Crain’s New York Business MetLife Investment Management has paid $681 million for a pair of apartment buildings with a total of 78 units in the Williamsburg section of Brooklyn, NY The Parsippany, NJ, investment manager bought the buildings,...
Northwind Group has provided $313 million of financing to fund the completion of the 273-unit residential condominium project at 125 Greenwich St in lower Manhattan Exterior construction of the 88-story building, which is being developed by a...
Paramount Realty Services has paid $365 million, or nearly $401/sf, for the 91,069-square-foot View at Marlton retail center in the Philadelphia suburb of Marlton, NJ The Lakewood, NJ, investor bought the property as part of a tax-deferred exchange...
Steps are being taken that might indicate that the 346-room Club Quarters Hotel in San Francisco is close to selling, according to a report in the San Francisco Business Times Last month, a consultant requested a zoning verification letter for the...
Commercial Observer The estate of artist Frank Fristachi has put on the sales block an assemblage of eight parcels along Driggs Avenue, between Grand and South First streets in the Williamsburg section of Brooklyn, NY The parcels could be developed...
First Citizens Bank is leading a $657 million loan for the construction of the 211-unit Spark Apartments in Redmond, Wash The property is being developed by MainStreet Property Group of Kirkland, Wash, on a 22-acre site at 17515 NE 67th Court, about...
The Holiday Inn FiDi, with 492 rooms at 99 Washington St in lower Manhattan, has received court approval to be used as a shelter for illegal immigrants, according to a report in Crain’s New York Business The hotel serves as collateral for...
Commercial Real Estate Direct Staff Report Bridge Investment Group has provided $1919 million of Freddie Mac financing to facilitate Rise48 Equity’s purchase of the 112-unit Eden Apartments in Tempe, Ariz The Phoenix investment manager...
Forman Capital has been re-launched and will pursue short-term senior and mezzanine loans and preferred-equity investments against middle-market residential properties across the country For the past four years, the company had been part of a...
Commercial Real Estate Direct Staff Report The CMBS delinquency numbers for January improved slightly from the month before, with the total volume of loans that are more than 30 days late with their payments declining by 284 percent to $1815 billion...
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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