Multi-Housing News Walker & Dunlop has provided $597 million of Freddie Mac financing against the Place at Prado, a 432-unit apartment property in Mesa, Ariz, about 17 miles east of Phoenix The fixed-rate financing allows the property’s...
Park Hotels & Resorts Inc said it would not make the June debt-service payment against the $725 million CMBS loan on a pair of hotels with a total of 2,943 rooms in San Francisco, adding that it would rid itself of the properties The loan is...
Commercial Observer Thorofare Capital has provided $3562 million of financing for the purchase of the 189,000-square-foot industrial complex at 377 Carlls Path in Deer Park, NY Iron Hound Management Co arranged the loan A venture of Thor Equities...
McBride Cohen Co has secured $2233 million of financing to fund the construction of the first phase of South Pier at Tempe Town Lake, a large mixed-use property in Tempe, Ariz The first phase will have 724 apartment units, 26,500 square feet of...
South Florida Business Journal Hanover Co has lined up $13535 million of construction financing for Hanover Riverwalk, a 380-unit apartment building in Fort Lauderdale, Fla Sumitomo Mitsui Trust Bank of Japan was the lender Hanover, of Houston,...
Kansas City Business Journal Black & Veatch, a global engineering firm, has agreed to lease 78,000 square feet of office space at the 327 million-square-foot Aspiria office campus in Overland Park, Kan The property is owned by Occidental...
Tishman Speyer has negotiated the one-year extension of the $485 million mortgage against 300 Park Ave, a 771,643-square-foot office building in midtown Manhattan The loan, securitized through COMM, 2013-300P, now matures in August 2024 But its...
REBusiness Online Pearlmark has provided $10 million of financing against the 267-unit Vinty Apartments in Elizabeth, NJ The loan, arranged by JLL Capital Markets, allowed the property’s owner, a venture of LeCesse Development Corp and MAS...
Lenders that hold $940 million of mortgage debt against 95 apartment properties with 2,452 units in San Francisco have hired Eastdil Secured to market it for sale, according to a report in The Real Deal A big chunk of the financing – $60256...
The volume of CMBS office loans classified as being more than 30 days late skyrocketed by nearly 45 percent last month to $675 billion, propelling the overall volume of delinquency to $2237 billion, or 363 percent of the CMBS universe tracked by...
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