Dwight Capital, among the leading lenders under the US Department of Housing and Urban Development’s multifamily and healthcare lending programs, has purchased Midland States Bank’s HUD seniors housing servicing portfolio The...
Commercial Observer The venture of RXR Realty and One Investment Management that owns 61 Broadway in Lower Manhattan has lined up $475 million of capital to fund the 786,985-square-foot office building’s conversion into 796 apartments Apollo...
Philadelphia Business Journal PMC Property Group, which is converting parts of two office buildings in Philadelphia into apartments, has agreed to buy the 176 million-square-foot Centre Square office building and is expected to pursue a similar...
Rentvcom Warren Resort Hotels has paid $225 million, or $424,528/room, for the Franciscan Inn & Suites, a 53-room hotel in Santa Barbara, Calif The Santa Maria, Calif, company acquired the property, at 109 Bath St, from Ed St George, a local...
Nashville Business Journal InvenTrust Properties has paid $88 million, or $11733/sf, for the 750,000-square-foot Nashville West Shopping Center in Nashville, Tenn The Downers Grove, Ill, REIT purchased the retail property from Manova Partners of...
South Florida Business Journal Sagard Real Estate has purchased the 186,731-square-foot industrial building at 11102 NW South River Drive in Medley, Fla, for $51 million, or $27312/sf The Denver company bought the property from an affiliate of...
Nashville Business Journal An affiliate of a fund managed by Covenant Capital Group has bought the 170-unit 500 Fifth apartment building in downtown Nashville, Tenn, for $23 million, or $135,294/unit The Nashville company purchased the 10-story...
Woodmont Industrial Properties has sold the recently constructed 51 New Brunswick Ave industrial property in the central New Jersey township of Woodbridge to investment manager Sagard Real Estate for $211 million, or nearly $390/sf The sale of the...
JLL Capital Markets has arranged $40 million of financing against the 238-unit Griffis Belleview Station apartment property in Denver The seven-year loan, with a fixed coupon was provided by a life-insurance company that couldn’t immediately...
Northmarq has originated $2273 million of Fannie Mae financing against the 49-unit One West Drive apartment property in the Minneapolis suburb of Excelsior, Minn The fixed-rate loan allowed the property’s developer, a venture of Monarch...
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