Commercial Observer Scale Lending has provided $108 million of financing to fund the conversion of the 297,703-square-foot office property at 770 Second Ave in Manhattan into 140 apartment units The property, in the borough’s Murray Hill...
The Real Deal Mark Epstein has tapped Newmark has been hired to market for sale the 60,000-square-foot office property at 515 Greenwich St in the Hudson Square area of Manhattan The property, which includes air rights, could potentially be converted...
Crain’s Chicago Business Golub & Co has recapitalized Century Tower, a 293-unit apartment property in Chicago, in a deal that values the property at $647 million, or $220,819/unit The Chicago developer brought in EOS Residential Investors as a...
Commercial Real Estate Direct Staff Report The $28772 million CMBS loan against the Bridgewater Commons shopping mall in northern New Jersey has been paid down to $23888 million, facilitating its extension through November The loan, with an original...
Commercial Real Estate Direct Staff Report MetroWest, a 207,714-square-foot office property in the Chicago suburb of Naperville, Ill, has been sold for $161 million, or $7751/sf – 505% less than its sales price 11 years ago Real Capital...
Commercial Real Estate Direct Staff Report Northeast Building LLC has paid $765 million, or $28708/sf, for Gateway North, a 266,476-square-foot industrial property in Tukwila, Wash, a southern suburb of Seattle The Kirkland, Wash, developer, a unit...
Multi-Housing News Abacus Capital has paid $158 million, or $336,170/unit, for the 470-unit Abbey Lane apartment property in Danbury, Conn The New York investor acquired the property from 601W Cos, also of New York, which bought it in 2019 for $124...
South Florida Business Journal McDowell Properties has bought the Nova Central Apartments, a 140-unit property in Davie, Fla, for $336 million, or $240,000/unit The Addison, Texas, company purchased the complex from Robbins Property Associates of...
Commercial Real Estate Direct Staff Report The CMBS trust that held the $105 million loan against the 80,032-square-foot Scribner Building and its neighboring Redfern Building in Midtown Manhattan suffered a $7666 million loss as a result of the...
Commercial Observer Highland Park Community Development Corp has leased the entire 289-room former Radisson Hotel at 52 William St in Manhattan’s Financial District The Brooklyn, NY, nonprofit leased the 20-story property from Slate Property...
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