Puget Sound Business Journal BKM Capital Partners has paid $857 million, or $20781/sf, for five industrial properties with 413,840 square feet in the Seattle suburbs of Kent and Tukwila, Wash The Newport Beach, Calif, investment manager acquired the...
Commercial Real Estate Direct Staff Report The CMBS financing against the Harborplace retail property within Baltimore’s Inner Harbor area has transferred to special servicer Midland Loan Services as it’s not expected to be paid off by...
Multi-Housing News Concord Summit Capital has arranged $1155 million of financing for the construction of the 457-unit Collins at Union Park apartment property in Fort Collins, Colo The property is being developed by Livmark Communities of Windsor,...
ConnectCRE Wells Fargo Bank has provided $125 million of financing against Larimer Square, a 513,000-square-foot mixed-use property in downtown Denver that’s owned by Asana Partners of Charlotte, NC, which bought it in 2020 for $925 million...
Dwight Mortgage Trust has provided $183 million of financing for the construction of a 530-unit apartment property in the northern California city of Gilroy The loan is the largest construction loan ever originated by the company, the mortgage REIT...
Washington Business Journal GoodHomes Communities has paid $35 million, or $187,166/unit, for the Arlington Court Suites, a 187-room hotel in the Washington, DC, suburb of Arlington, Va The New York investment firm purchased the property from an...
South Florida Business Journal New Sense LLC has lined up $111 million of construction financing for the 328-unit Sense 22 apartment project in Miami The lender is identified as S3 RE 114-138 NE 22nd Street Funding LLC New Sense, a Miami developer,...
Multi-Housing News Kite Partners has paid $241 million, or $277,011/unit, for the Q, an 87-unit apartment property in Seattle The local investment firm acquired the property from ACME Realty, which bought it in 2016 for $266 million CBRE represented...
Orlando Business Journal Hedrick Brothers Development has lined up $565 million of construction financing for The Hedrick at Lake Toho Apartments, a 366-unit project in the Orlando, Fla, suburb of Kissimmee, Fla The Winter Park, Fla, developer...
New York Times The 38-story office property at 235 East 42nd St in Midtown Manhattan that is undergoing a residential conversion has been evacuated as construction workers noticed cracks, as well as structural support beams beginning to buckle on...
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