CMBS loans against properties in the country’s top 10 metropolitan statistical areas had a pay-off rate of 5631% this year through July In other words, $252 billion of the $474 billion of loans that came due paid off on time The payoff data...
Northmarq has provided $561 million of Fannie Mae financing against the 354-unit Wintercrest Village apartments in the San Diego suburb of Lakeside, Calif The 10-year loan requires only interest payments for its entire term The property, at 12002...
An affiliate of Acadia Realty Trust has committed to provide $75 million of mortgage financing to fund the $56 million, or $46830/sf, purchase of the 119,584-square-foot Whitestone Shopping Center in the Whitestone section of Queens, NY, and the...
Commercial Real Estate Direct Staff Report Voya Investment Management has provided $2325 million of mortgage financing against the 105-unit Align Apartments in the Seattle suburb of Federal Way, Wash Northmarq arranged the four-year loan on behalf...
Puget Sound Business Journal Ares Management has paid $55 million, or $22277/sf, for Tacoma Central Logistics, a 248,000-square-foot industrial property in Tacoma, Wash The Los Angeles investor acquired the property, at 1950 State St, from its...
Denver Business Journal Stonemont Financial Group and PCCP have paid $117 million, or $18253/sf, for North Central Logistics Center, a three-building industrial property with 641,000 square feet in Denver The property is just one of the 38 that the...
Multi-Housing News Bridge Investment Group has paid $501 million, or $278,333/unit, for the 180-unit River Ridge apartments in Tualatin, Ore, about 13 miles southwest of downtown Portland, Ore The Salt Lake City investor acquired the property from...
Commercial Real Estate Direct Staff Report Wells Fargo Bank provided $1365 million of mortgage financing to help facilitate Canyon Creek Real Estate’s acquisition of the 519,959-square-foot 111 Congress office building in downtown Austin,...
Denver Business Journal Sierra Parkway Communities has paid $32 million, or $209,150/unit, for the 153-unit Fox Hill Apartments in Golden, Colo, about 13 miles west of Denver The Las Vegas investor acquired the property from Monarch Investment and...
Greystar has paid $3966 million, or $147,985/unit, for the 268-unit Avana Bartram Springs apartment complex in Jacksonville, Fla The Charleston, SC, investment manager bought the property, at 14951 Walden Springs Way, from Fogelman Properties of...
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