The US Department of Housing and Urban Development funded $2832 billion of multifamily loans during its 2022 fiscal year, which ran through last September That's down sharply from the $3812 billion it had funded during the previous fiscal year, its...
Commercial Observer InterVest Capital Partners is paying $65 million, or $129,224/unit, for a portfolio of seven apartment properties with 503 units in the Bronx, NY The investment manager, formerly Wafra Capital Partners, is buying the portfolio...
Griffin Living has sold Griffin Plaza, comprised of an 85,022-square-foot retail center and the 102-unit Varentia of Simi Valley seniors-housing property, in Simi Valley, Calif, for $221 million The Westlake Village, Calif, development firm sold the...
Dallas Morning News Anthem Development has lined up $63 million of construction financing for a 340-unit apartment project in Garland, Texas, about 18 miles northeast of Dallas Nova Capital of Los Angeles arranged the financing from Bank OZK The...
Dallas Morning News A venture of Toll Brothers and Pondmoon Capital USA is starting construction next month on the Mirra, a 285-unit apartment property in the Dallas suburb of Frisco, Texas Toll, a Fort Washington, Pa, residential property...
Pacific Western Bank has provided $107 million of construction financing for the 224-unit apartment property that’s planned for 585 Union St in the Gowanus neighborhood of Brooklyn, NY The property is being developed by a venture of Canyon...
Crain’s Chicago Business JVM Realty has acquired the 149-unit Courthouse Square Apartments in Wheaton, Ill, about 28 miles west of Chicago The purchase price could not yet be learned The Oak Brook, Ill, investment manager purchased the...
Minneapolis/St Paul Business Journal An affiliate of SR Realty Trust Inc has paid $25 million, or $6944/sf, for the 360,000-square-foot industrial property at 905 Yankee Doodle Road in Eagan, Minn The Minneapolis REIT purchased the property from...
The Real Deal Stonehenge NYC has paid $115 million, or $586,735/unit, for the 196-unit RiverEast apartment building on Manhattan’s Upper East Side The New York investor bought the 32-story property, at 408 East 92nd St, from UBS Realty...
Torose Equities, a recently formed real estate investor, has completed its second investment, paying $31 million, or $92/sf, for the 336,772-square-foot 6302 Corporate Center office property in Tampa, Fla The company pursues a contrarian investment...
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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