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...
Multi-Housing News Granite Capital Group has sold Enclave Belle Creek, a 167-unit apartment property in Commerce City, Colo, for $46 million, or $275,449/unit The Santa Barbara, Calif, private equity firm was represented in the deal by Transwestern...
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,...
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...
The Real Deal Bank of America’s investment management arm has paid $555 million, or $8538/sf, for the I-88 Gateway Logistics Center, a 650,000-square-foot industrial property in North Aurora, Ill The Charlotte, NC, company purchased the...
Mercury Casualty Co has sold the 127,000-square-foot office property at 11000 Eucalyptus St in Rancho Cucamonga, Calif, for $2225 million, or $17520/sf The Los Angeles company was represented in the deal by Kennedy Wilson Brokerage The buyer was not...
Commercial Real Estate Direct Staff Report KKR Real Estate Partners Americas III has completed the purchase of two recently constructed industrial properties with a total of 2 million square feet in the Phoenix and Atlanta areas for a combined $250...
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