Freddie Mac funded $18 billion of multifamily mortgages during the second quarter, a 50% increase from the $12 billion it funded during the same period a year ago The latest quarter brings the housing-finance agency’s lending activity for the...
Slate Property Group has raised up to $1 billion under a separately managed account that it will invest in lower-leverage senior construction and bridge loans against apartment properties Slate is a New York investment manager that has completed...
Multi-Housing News Land & Apartments has paid $70 million, or $183,727/unit, for Villages at Lake Silvercote, a 381-unit apartment property in the St Louis suburb of Wentzville, Mo The St Louis investor bought the property, at 100 Dry Brook...
Dick’s Sporting Goods has purchased the vacant Nordstrom anchor space at the Christiana Mall in Newark, Del The sporting-goods retailer, headquartered in Coraopolis, Pa, paid $879 million, or $7150/sf, for the 123,000-square-foot store, according...
Fannie Mae funded $142 billion of multifamily mortgages during the second quarter, marking its slowest quarter in at least a year The housing-finance agency funded $171 billion of loans in the first quarter, so its lending activity for the first...
Commercial Real Estate Direct Staff Report Vulcan Real Estate is said to have entered an agreement to sell Tower 1 at West Maine, a 364,868-square-foot office property in Bellevue, Wash, for $340 million, or $93184/sf The buyer is said to be...
A group of lenders led by Wells Fargo Bank has provided $12 billion of financing for the construction of the proposed 930,000-square-foot office building at 343 Madison Ave in Midtown Manhattan The 46-story building, which will have direct access to...
Puget Sound Business Journal Security Properties has paid $551 million, or $411,194/unit, for the 134-unit Langara Apartments in Issaquah, Wash, a city that’s 17 miles east of Seattle The Seattle investment manager acquired the property from...
Boston’s One Marina Park Drive office building is said to be close to being sold for $435 million, or roughly $885/sf The 491,573-square-foot building, within the Fan Pier mixed-use complex in the city’s Seaport District, is owned by...
Washington Business Journal A venture of Garfield Investments and Broad Creek Capital has agreed to pay $262 million, or $13497/sf, for the 194,115-square-foot office property at 1667 K St NW in Washington, DC James Campbell Co of Kapolei, Hawaii,...
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