The Crowne Plaza JFK Airport hotel, with 335 rooms in the Jamaica section of Queens, NY, has been sold for $84 million, or $250,746/room The property's sale will result in the defeasance or likely pay off of a $377 million CMBS mortgage that doesn't...
The Real Deal Bank OZK and Manulife have provided more than $200 million of construction financing for the 400,000-square-foot office development at 919 West Fulton St in Chicago While exact details of the financing could not yet be learned, Bank...
Commercial Real Estate Direct Staff Report Morgan Stanley, Citigroup, Goldman Sachs and Wells Fargo Bank have originated a $700 million mortgage against the Oakbrook Center shopping mall in the Chicago suburb of Oakbrook, Ill, owned by a venture led...
The volume of commercial real estate loans coming due through 2027 increased slightly in the second quarter to $278 trillion from $275 trillion in the first quarter, according to Trepp Inc This year, $5369 billion of loans come due, and next year,...
South Florida Business Journal Bridge Industrial has lined up $60 million of construction financing for a 409,189-square-foot logistics warehouse in Opa-Locka, Fla The Chicago developer borrowed the loan from Equitable Financial Life Insurance Co It...
Commercial Observer Bank of Princeton has provided a $31 million loan against The Vertex, a 69-unit apartment property in the East Williamsburg section of Brooklyn, NY The property’s owner, CW Realty of Brooklyn, used proceeds to retire a $20...
A venture of Cantor Fitzgerald, Silverstein Properties, Collins Capital and Kaufman Jacobs has lined up $536 million of financing from Truist Bank for the construction of the 298-unit James at Springline apartment property in Chesterfield, Va The...
Metro Credit Union has provided $27 million of financing against One Heritage Drive, a 172,849-square-foot office building in Quincy, Mass The five-year loan, which pays a fixed coupon, was arranged by JLL Capital Markets The five-story building is...
Bank OZK has provided $965 million of financing for the construction of the first phase of the Base, a proposed industrial complex in Glendale, Ariz JLL Capital Markets arranged the financing on behalf of the property’s developer, ViaWest...
Commercial Real Estate Direct Staff Report Bell Bank has provided $2686 million of financing for the construction of the Lanai, a 444-unit apartment property in Buckeye, Ariz A venture of Holualoa Cos of Tucson, Ariz, and Countrywalk Community...
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