A significant slug of securitized mortgages backed by hotels in the Austin, Texas, metropolitan statistical area could face refinancing challenges, as 39 loans with a total balance of $68558 million have debt yields less than 9%, according to data...
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...
Crain’s Chicago Business Local developer R2 has paid $176 million, or $8195/sf, for the 214,768-square-foot office property at 600 West Fulton St in Chicago The seller was a venture led by real estate investor Randy Rissman, which bought it in...
Crain’s Chicago Business Stripe has agreed to renew and expand its lease at the 13 million-square-foot office property at 350 North Orleans St in Chicago The online payment company, which had been in 89,000 sf, will now lease 222,000 sf at the...
Commercial Observer Delshah Capital has paid $1278 million for a portfolio of three mixed-use properties in the Williamsburg section of Brooklyn, NY, in separate deals The New York real estate developer paid $458 million for 227 Grand St, which has...
Atlanta Business Chronicle Trinity Property Consultants has paid more than $53 million, or $176,667/unit, for The Eva, a 300-unit apartment complex in Atlanta’s Sandy Springs area The Irvine, Calif, multifamily property owner purchased the...
South Florida Business Journal Natixis has provided 1925 million of construction financing for a 544-unit apartment project at 1775 Biscayne Blvd in Miami LCOR of New York is building the 42-story property on a 108-acre development site in...
Crain’s Chicago Business Prologis has paid $293 million for a 25-acre development site at 375 Army Trail Road in Glendale Heights, Ill, which is about 42 miles west of Chicago The San Francisco industrial REIT acquired it from Audacy, which...
PCCP has provided $613 million of financing against Parc Riverside East, a 287-unit apartment property in Washington, DC The loan allows the owner of the property, Kennedy Wilson of Beverly Hills, Calif, to retire existing debt that was reaching its...
Crain’s Chicago Business Nuveen has paid $26 million, or $37067/sf, for the Shops of Uptown, a 70,144-square-foot shopping center in Park Ridge, Ill, about 15 miles north of Chicago The Chicago investment manager acquired the retail property...
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