PGIM has provided $693 million of financing against the 185,536-square-foot Offices at the Grove office building in Phoenix The five-year, fixed-rate loan was arranged by JLL Capital Markets on behalf of the property’s owner, RED Development...
Affinius Capital has provided $226 million of financing against the recently completed House 55, a 295-unit apartment building at 55 Willoughby St in Brooklyn, NY The loan allowed the property’s developer, a venture of Lonicera Partners and...
New York Business Journal Northwind Group has provided $231 million of construction financing for the conversion of 675 Third Ave, a 337,000-square-foot office building in Manhattan, into as many as 450 apartments A venture of Metro Loft Management...
South Florida Business Journal A venture led by Legacy Residential has paid $5255 million, or $196,082/unit, for Landings at Coconut Creek, a 268-unit apartment property in Coconut Creek, Fla The Coral Gables, Fla, multifamily firm acquired the...
South Florida Business Journal RK Centers has paid $2856 million, or $14904/sf, for a 191,625-square-foot Walmart Supercenter store in Fort Lauderdale, Fla The Sunny Isles Beach, Fla, real estate firm acquired the retail property from a company...
Northmarq has arranged $24 million of financing for the construction of a 49-unit student housing property at 2372 Ellsworth St in Berkeley, Calif The loan, which was provided by an unnamed bank, was secured on behalf of the developer, Bright Street...
South Florida Business Journal An affiliate of JVP Management has provided $1402 million of additional financing for New River Center, a 400-unit apartment project that’s under construction in Fort Lauderdale, Fla The lender took over an...
South Florida Business Journal The city of Coral Gables, Fla, has paid $24 million, or $45258/sf, for the 53,029-square-foot medical-office building at 475-495 Biltmore Way in that suburban Miami city It acquired the property from ShareMD of...
South Florida Business Journal BKM Capital Partners has paid $33 million, or $29741/sf, for Park Central Business Center, a 110,958-square-foot industrial property in Fort Lauderdale, Fla The Newport Beach, Calif, real estate firm acquired the...
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...
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