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 A family office linked to Joe C Wen has paid $42 million, or $10660/sf, for One Pacific Plaza, a 394,000-square-foot office property in Huntington Beach, Calif The family office purchased the property from a venture of Pendulum...
Rentvcom The Mondivan Group has paid $285 million, or $633,333/unit, for the 45-unit Solis apartment property in Seattle The Vancouver, British Columbia developer purchased the property from SolTerra, which was represented by Cushman & Wakefield...
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 Real Deal EQT Exeter has paid $225 million, or $5921/sf, for a seven-building industrial portfolio with 38 million square feet primarily in the suburbs of Chicago, as well as in Mississippi and Kentucky The Conshohocken, Pa, investment manager...
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,...
Denver Business Journal Paskin Group has paid $29 million, or $397,260/unit, for the 73-unit B Street LoHi Apartments in Denver The Santa Barbara, Calif, investment and management company purchased the property from its developer, Palisade Partners...
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...
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