Burton Property Group has paid $76 million, or $195/sf, for the 389,471-square-foot Vestavia Hills City Center retail property in the Birmingham, Ala, suburb of Vestavia Hills, Ala The Mobile, Ala, developer, which started life as Smith’s...
Crain’s Chicago Business Highland Real Estate Partners has paid $119 million, or $399,328/unit, for the 298-unit Exhibit on Superior apartment property in Chicago’s River North neighborhood The Ogden, Utah, investor acquired the...
Commercial Real Estate Direct Staff Report The CMBS financing against the Harborplace retail property within Baltimore’s Inner Harbor area has transferred to special servicer Midland Loan Services as it’s not expected to be paid off by...
New York Life Insurance Co and PGIM Real Estate have provided $332 million of senior and mezzanine financing against the 800-unit NEMA Chicago apartment building across from Grant Park in Chicago New York Life provided $275 million of senior...
Multi-Housing News Concord Summit Capital has arranged $1155 million of financing for the construction of the 457-unit Collins at Union Park apartment property in Fort Collins, Colo The property is being developed by Livmark Communities of Windsor,...
Boyd Wilson LLC has paid $97 million, or $252,604/unit for the 384-unit Landings apartment property in Bethlehem, Pa The Lancaster, Pa, investment manager purchased the property, at 1818 Catasauqua Road, from an investor group, Valley Park South LLC...
Crain’s Chicago Business Acadia Realty Trust is offering for sale the five retail buildings with 103,526 square feet at 2731 North Clark St and 639, 662, 613-623 and 651-671 West Diversey Parkway in Chicago The New York REIT has hired Newmark...
Commercial Real Estate Direct Staff Report A total of $349 billion of previously delinquent CMBS loans were cured, or made performing once again last month, contributing to the 37% reduction in the overall volume of loans that are now more than...
JPMorgan Chase Bank has provided a $160 million credit facility for Safely Store Self Storage, which is backed by Caisse de depot et placement du Quebec, or simply La Caisse The facility, arranged by JLL Capital Markets, is comprised of a $60...
ConnectCRE Wells Fargo Bank has provided $125 million of financing against Larimer Square, a 513,000-square-foot mixed-use property in downtown Denver that’s owned by Asana Partners of Charlotte, NC, which bought it in 2020 for $925 million...
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