Commercial Observer PNC Bank has provided $92 million of construction financing for a 299-unit apartment project in Washington, DC United Bank also participated in the five-year loan, which was arranged by Berkadia The project benefits from a...
Property investor Stockdale Capital Partners has launched a credit platform and plans to lend as much as $300 million in the coming year The Los Angeles investment manager, best known for its opportunistic and value-add investments, has hired Alec...
Dwight Investment Management has provided $130 million of bridge financing against the 389-unit Saiya apartment property in downtown Phoenix The 23-story building, at 802 North 1st Ave, is in the city’s Roosevelt Row area, also known as the Ro...
Commercial Real Estate Direct Staff Report Regions Bank has provided $9955 million of financing to help fund Fairbourne Properties’ $122 million, or $17429/sf, purchase of the 724,400-square-foot Village Crossing retail property in the Chicago...
Bucks County Courier Times The demolition of most of the Neshaminy Mall in the Philadelphia suburb of Bensalem, Pa, is scheduled to get underway in December The 105 million-square-foot retail property was purchased two years ago by a venture of...
Commercial Real Estate Direct Staff Report ORIX Real Estate Capital has provided $55 million of mortgage financing against the 200-unit Swell apartments in Seattle The loan, arranged by Newmark, allowed the property’s owner, a venture of Mack...
Multi-Housing News JPL Development has secured $483 million of Freddie Mac financing against the Edison at Maple Grove, a 248-unit apartment property in the Minneapolis suburb of Maple Grove, Minn Gantry arranged the 10-year loan, which requires...
Commercial Observer S3 Capital has provided $45 million of construction financing for a planned 99-unit apartment property in the Williamsburg section of Brooklyn, NY GW Infinity of Brooklyn is developing the 17-story project at 277 North Eighth St...
Hilco Global Real Estate Capital has provided $445 million of financing against the 249,012 square feet of office and retail space at the former Freeport-McMoRan Center in Phoenix The loan, arranged by Sterling Realty Capital of New York, allows the...
San Francisco Business Times Pendulum Property Partners has paid about $49 million for the debt against 747 Front St in San Francisco’s North Financial District The Irvine, Calif, investment firm’s purchase of the loan, which had a $545...
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