Commercial Real Estate Direct Staff Report Alternative lender 3650 Capital has provided $104 million of financing to facilitate the acquisition of a portfolio of seven apartment properties with 1,495 units in and around Chicago The portfolio was...
Commercial Real Estate Direct Staff Report PCCP has provided $70 million of financing against 24Fifty at University Park, a 252‑unit apartment property in Denver CBRE arranged the loan on behalf of the property’s owner, DivcoWest of San...
South Florida Business Journal City National Bank of Florida has provided $58 million of financing for the construction of the Oasis at Doral mixed-use development in Doral, Fla A venture of Apollo Cos and Triarch Capital Group, both of Aventura,...
Commercial Real Estate Direct Staff Report An affiliate of Red Tail Acquisitions has paid $25 million, or $217,391/unit, for the 115-unit Exeter apartment property in Seattle The Irvine, Calif, investor acquired the property from Gibraltar LLC of...
Mesa West Capital has provided $81 million of senior debt against the 313-unit Domain Memorial townhome rental property in Houston The loan will allow the property’s owner, Knightvest Capital, to complete unit renovations The 10-year-old...
Crain’s Chicago Business Braemar Hotels & Resorts is offering for sale Sofitel Chicago Magnificent Mile, a 415-unit hotel in the city’s Gold Coast neighborhood The Dallas REIT, formerly known as Ashford Hospitality Prime Inc, hired...
Commercial Real Estate Direct Staff Report Morningstar DBRS estimates that the three Club Quarters hotels in Chicago, San Francisco, and Philadelphia that back a $2407 million mortgage securitized through BX Trust, 2017-CQHP, would recover only...
Crain’s Chicago Business Ante has paid $21 million, or $355,932/unit, for the 59-unit Portrait Apartments in the Uptown neighborhood of Chicago The family office of Giannis Antetokounmpo, who is a member of the Milwaukee Bucks professional...
The volume of CMBS loans that are more than 30 days late with their payments spiked in March by $308 billion, to $4583 billion, marking the largest one-month increase in delinquency volume since May 2023, when volumes increased by $326 billion...
Commercial Real Estate Direct Staff Report Cottonwood Group has provided $102 million of financing for the construction of the 216-room Kimpton Hotel in downtown Salt Lake City Walker & Dunlop arranged the loan on behalf of Domain Cos of New...
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