Portman Holdings has lined up $540 million of financing for the construction of the 700-room Cincinnati Downtown Marriott hotel project The Atlanta developer obtained the financing from Bank OZK, which provided a senior portion of the loan, and...
Charlotte Business Journal Shoreline Capital has paid $181 million, or $11156/sf, for a 162,240-square-foot industrial building in Salisbury, NC The Charlotte, NC, company purchased the structure from an affiliate of Hamilton Property Co The...
Philadelphia Business Journal Broadstone Net Lease has agreed to pay $114 million, or $16765/sf, for the Stine Research Center, a roughly 680,000-square-foot research and development campus in Newark, Del The New York REIT is acquiring the property...
Blackstone has agreed to pay $279 million, or $339,830/room, for the 821-room Hyatt Regency San Francisco Hotel The giant investment manager is buying the property, part of the Embarcadero Center complex in the city’s Financial District, from...
Cirrus Real Estate Partners has provided $1004 million of mortgage financing against the two-building DiVosta Towers office complex in Palm Beach Gardens, Fla The three-year loan, arranged by Berkadia, allowed the property’s developer and...
PGIM has provided $222 million of mortgage financing against a pair of office buildings with 101 million square feet in Manhattan owned by Rudin Management Co The investment manager provided $140 million for the 582,405-sf 41 Madison Ave, which sits...
South Florida Business Journal Waterton Residential has paid $8052 million, or $224,916/unit, for the Landings at Pembroke Lakes, a 358-unit apartment property in Pembroke Pines, Fla The Chicago investor bought the property from an affiliate of Bar...
The Real Deal Bascom Group has lined up $52 million of financing against the 366-unit Cantera at Towne Lake apartment property in Cypress, Texas The Irvine, Calif, company will use a portion of the loan proceeds for renovations It paid $545...
South Florida Business Journal An affiliate of North American Development Group has lined up $1206 million of construction financing for Nuvo Delray Beach, a 476-unit apartment project in Delray Beach, Fla Wells Fargo Bank provided the loan The West...
Commercial Real Estate Direct Staff Report The $343 million loan against the 12 million-square-foot One South Wacker Drive office building in Chicago has transferred to special servicing The loan, which was provided by Blackstone Mortgage Trust and...
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.
