Owners of office properties whose mortgages mature from now through 2025 could face a funding gap of $727 billion, according to analysis by CBRE Econometric Advisors The funding gap is the difference between the size of an existing loan and the...
Commercial Real Estate Direct Staff Report Accesso Partners has paid off a pair of CMBS loans totaling $7886 million against office properties it owns and exercised an option to extend the maturity of a third loan totaling $68 million The Hallandale...
Triangle Business Journal An affiliate of Fidelity Investments has bought the 60,000-square-foot medical-office building at 4709 Creekstone Drive in Durham, NC, for $207 million, or $345/sf The Boston company acquired the property from Highwoods...
Charlotte Business Journal Childress Klein Properties has bought Esplanade at SouthPark, a 202,000-square-foot office property in Charlotte, NC, for $31 million, or about $15347/sf The local company purchased the building from LRC Properties of New...
Madison Realty Capital has provided $262 million of construction financing for the proposed 550-unit E11EVEN Residences Beyond residential condominium project in Miami’s District 11 area The loan, with a 35-year term, was arranged by JLL...
Cain International has partnered with Security Benefit Life Insurance Co to buy a portfolio of 10 construction loans with a total commitment of $12 billion from Pacific Western Bank The loans, against apartment and student-housing properties in New...
Commercial Real Estate Direct Staff Report Capital Square Realty Advisors has paid $391 million, or $383,333/unit, for Aspen Vista, a 102-unit apartment property in Reno, Nev The Glen Allen, Va, investment manager purchased the property from a...
Ryman Hospitality Properties Inc, which earlier this week had struck a deal to pay $800 million, or $798,403/room, for the 1,002-room JW Marriott San Antonio Hill Country Resort & Spa, is funding the purchase with proceeds from an offering of...
Herrick Co has paid $150 million, or $35589/sf, for Huntington Tower, a 421,481-square-foot office property in Detroit The Cedar Knoll, NJ, investment firm purchased the property from an affiliate of Sterling Group, according to a report from The...
Charlotte Business Journal InvenTrust Properties has paid $224 million, or about $24664/sf, for the Shoppes at Davis Lake, a 90,820-square-foot shopping center in Charlotte, NC The Downers Grove, Ill, company bought the retail property from...
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.
