Commercial Real Estate Direct Staff Report Average monthly rents for apartment units across the country increased in the third quarter by 23% from a year ago, to $1,950, according to Cushman & Wakefield The increase was the largest...
Multi-Housing News Corten Real Estate has provided $785 million of financing to facilitate CrossHarbor Capital Partners’ purchase of the 335-unit Alyssa apartment property in Tempe, Ariz CrossHarbor, of Boston, acquired the property, at 98...
Multi-Housing News Capital One has originated a $1572 million Fannie Mae loan against the 309-unit Villas at Playa Vista – Montecito apartment property in Los Angeles The loan allowed the property developer and owner, Irvine Co of Newport Beach,...
PCCP has provided $683 million of mortgage financing against the recently completed Palm Gateway Logistics Center, a four-building industrial complex with 614,800 square feet in Mesa, Ariz The loan allows the property’s developer, Logistics...
Commercial Real Estate Direct Staff Report The $5409 million CMBS loan against the 671,416-square-foot Executive Towers West office property in the Chicago suburb of Downers Grove, Ill, has transferred to special servicing as it’s expected to...
Atlanta Business Chronicle Starwood Capital Group has lined up $947 million of additional financing against One Atlantic Center, a 50-story office building in Atlanta Deutsche Bank provided the financing, increasing the balance of an original loan...
Charlotte Business Journal Actus Capital has paid $183 million, or $134,559/unit, for the Forest Ridge Apartment Homes, a 136-unit complex in the Charlotte, NC, suburb of Fort Mill, SC The Birmingham, Ala, multifamily investment firm acquired the...
Commercial Real Estate Direct Staff Report JLL Real Estate Capital has originated a $559 million Freddie Mac loan to facilitate the purchase of Leva on Market, a 261-unit apartment property in Seattle’s Ballard neighborhood The loan has a...
The reported dissolution of law firm Weil, Gotshal & Manges will result in a nearly 25% vacancy at the iconic General Motors Building, opposite the Plaza Hotel and Grand Army Plaza in Midtown...
Commercial Real Estate Direct Staff Report Grove City Premium Outlets in the western Pennsylvania borough of Grove City has been reappraised at a value of $1193 million, down from $1498 million a year ago and $255 million in 2015, when a $140...
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