Derby Lane Partners has provided $175 million of financing to fund the conversion of the 400,000-square-foot office property at 80 Broad St in Lower Manhattan into 326 apartment units The property is being converted by a venture of Broad Street...
Commercial Observer Hanover Capital has provided a $258 million loan against the 52,578-square-foot retail property at 10-04 Borden Ave in the Long Island City section of Queens, NY The loan, arranged by HKS Real Estate Advisors, allowed the...
Portland Business Journal US Bank has provided $279 million of financing for the development of the 143-unit Villebois Village Center Apartments in Wilsonville, Ore, a southern suburb of Portland, Ore Capstone Partners of Portland is developing the...
Opus has broken ground on Highway 370 Logistics, a 168,486-square-foot industrial property in Papillion, Neb The Minnetonka, Minn, developer is building the property at the intersection of Interstate 80 and Highway 370, about 16 miles southwest of...
The Wall Street Journal Dalian Development has paid $24 million, or $2553/sf, for the 940,000-square-foot office building at 301 7th St SW in Washington, DC, and is planning to convert it into apartments The Washington developer acquired the vacant...
Blackstone and New York Life Insurance Co have provided $238 million of financing against the 561,466-square-foot Lincoln Square North office property in the Seattle suburb of Bellevue, Wash The loan was arranged by Newmark on behalf of the...
FS Credit REIT has provided a $7448 million loan against the 267,294-square-foot Shops at Stonefield in Charlottesville, Va The retail property, at 2100 Hydraulic Road, is owned by O’Connor Capital Partners of New York, which bought it in 2016...
South Florida Business Journal COFE Properties has bought Westside Plaza I and II, a pair of neighboring office buildings totaling 276,637 square feet in Doral, Fla, for $63 million, or $22774/sf The Miami company purchased the properties from a...
PCCP has provided $1805 million of senior mortgage financing against the 21 million-square-foot Oakland Park industrial complex in the Detroit suburb of Highland Park, Mich The loan allowed the 10-building property’s owner, a venture of...
Commercial Real Estate Direct Staff Report Tech Park @ Goleta, a 733,497-square-foot mixed-use complex in the Southern California coastal city of Goleta, has sold for $235 million, or $32038/sf The 17-building property was sold by Majestic Asset...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
