Commercial Real Estate Direct Staff Report Zions Bank has provided an $83 million loan against the 465-unit Prospect Place apartment complex in Brooklyn, NY The five-year loan, which is being included in an upcoming CMBS conduit transaction,...
Walker & Dunlop has provided $5998 million of Freddie Mac financing against the 100-unit Optima Verdana apartment property in the Chicago suburb of Wilmette, Ill The fixed-rate loan, which requires only interest payments for its full term,...
Commercial Observer BridgeCity Capital has provided $474 million of financing for the development of a 170-unit apartment property at 1104 Pacific St in the Prospect Heights section of Brooklyn, NY The property is being developed by Castell Group of...
AZ Big Media A venture of IndiCap and VAC Development has broken ground on Chandler Bay, a 110,481-square-foot industrial property in Chandler, Ariz IndiCap and Vac, both of Las Vegas, are building the property at 1820 East Germann Road, about 25...
The J Paul Getty Trust has paid $382 million for a 116-acre development site at 10918-10926 Le Conte Ave in Westwood, Calif The art institution acquired the site, which is currently home to a 9,647-square-foot office, from Beitler Commercial Realty...
The major mortgage REITs, which originated nearly $50 billion of commercial mortgages in 2021, originated $225 billion of loans last year While far off the record volume of five years ago, it's roughly four times 2024's total...
North River Partners and Amzak Capital Management have provided $685 million of financing for the development of the 215-unit Flats Flagler Gateway apartment property in Fort Lauderdale, Fla The 12-story property is being developed on a 146-acre...
AZ Big Media Creation Equity has paid $1805 million for a 38-acre development site at the northeast corner of Corporate Drive and 117th Avenue in Avondale, Ariz The Phoenix developer is planning to build a 699,700-square-foot industrial property on...
South Florida Business Journal Related Group and BH Group have lined up $360 million of financing for the construction of the Icon Beach Waterfront Residences in Hollywood, Fla Tyko Capital of New York provided the loan Groundbreaking is scheduled...
The venture that owns the 281-room Hotel Cala along the Hillsborough River in Tampa, Fla, has lined up $9436 million of mortgage financing against the property, the former Sheraton Tampa Riverwalk The loan, arranged by Newmark, was provided by...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
