Apartment tenants spent more of their incomes to rent their units this year, with those who choose to rent, but could afford to buy their homes if they wanted to, getting hit hardest The overall rent-to-income ratio increased in March by 20 basis...
The Real Deal Lamar Cos has paid $637 million, or $14883/sf, for Geneva Commons, a 438,000-square-foot retail center in Geneva, Ill The Fairfield, NJ, company purchased the property from LaSalle Investment Management, which had acquired it in 2013...
REBusiness Online Greystone has provided $20 million of Freddie Mac financing against Ray Philly, a 110-unit apartment property in the South Kensington area of Philadelphia The property, at 1525 North American St, is owned by a venture of Ray and...
HotelBusinesscom Hudson Bay Capital has provided $55 million of financing against the 561-room DoubleTree by Hilton Hotel Denver The floating-rate financing has a two-year term, but comes with a 12-month extension option The loan allows the owners...
Tampa Bay Business Journal Kolter Urban has lined up $182 million of construction financing for the Art House, a 244-unit residential condominium building in downtown St Petersburg, Fla Bank OZK provided the loan to the Delray Beach, Fla,...
Commercial Real Estate Direct Staff Report Highwoods Properties Inc had signed 97 office leases for 922,000 square feet during the first quarter, a significant increase from the 520,000 sf of deals inked during the same period a year ago and 698,000...
The Real Deal A venture of Intercontinental Real Estate and Harvest Properties is offering for sale the Kohl Building, an 85,600-square-foot office property in San Francisco Intercontinental, of Boston, and Harvest, of Oakland, Calif, has hired JLL...
South Florida Business Journal An affiliate of Blackstone Group has bought the 346-room W Fort Lauderdale hotel in Fort Lauderdale, Fla, for $9765 million, or about $282,225/room The New York company purchased the property from the Related Cos, also...
Commercial Observer Merchants Capital Corp has provided $296 million of Fannie Mae financing against the 109-unit seniors-housing property at 80 Rutgers Slip in Manhattan’s Lower East Side The property is owned by Two Bridges Neighborhood...
The Massachusetts Housing Finance Agency has provided $50 million of financing under the US Department of Housing and Urban Development’s 223(f) program for the 501-unit Clarendon Hill Towers Apartments in the Boston suburb of Somerville, Mass...
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