Commercial Real Estate Direct Staff Report Ladder Capital Corp has provided $415 million of mortgage financing against the 384,931-square-foot Meridian Mark office complex in the Indianapolis suburb of Carmel, Ind The loan, with a 679% coupon,...
American Landmark Apartments has acquired the 295-unit Tortuga Bayside apartment property in St Petersburg, Fla, for $613 million, or $207,797/unit The Tampa, Fla, investment manager bought the property, at 10475 Gandy Blvd North, from Arium Living,...
Commercial Real Estate Direct Staff Report The venture that owns the 441,922-square-foot office building at 261 Fifth Ave in Manhattan’s midtown South has negotiated a forbearance agreement with the special servicer that’s handling the...
Multi-Housing News American Healthcare REIT has paid $1028 million, or $514,000/unit, for Avella at Almaden, a 200-unit seniors housing property in San Jose, Calif The Irvine, Calif, REIT acquired the property, at 4610 Almaden Expressway, from its...
Philadelphia Business Journal Fernmoor has lined up $85 million of financing for Mi-Place at Downingtown, a 318-unit residential community in Downingtown, Pa, about 36 miles west of Philadelphia Barings provided the loan, which was arranged by CBRE...
Barings has provided $213 million of financing against the 500,000-square-foot office property at 360 North Green St in Chicago JLL Capital Markets arranged the three-year loan on behalf of the owner and developer, a venture of JPMorgan Asset...
Commercial Property Executive Breakthrough Properties and Tishman Speyer have provided $90 million of financing against Aperture Del Mar, a 538,000-square-foot life-sciences property in San Diego The new debt allows the owner of the property,...
Freddie Mac funded $18 billion of multifamily mortgages during the second quarter, a 50% increase from the $12 billion it funded during the same period a year ago The latest quarter brings the housing-finance agency’s lending activity for the...
Slate Property Group has raised up to $1 billion under a separately managed account that it will invest in lower-leverage senior construction and bridge loans against apartment properties Slate is a New York investment manager that has completed...
Fannie Mae funded $142 billion of multifamily mortgages during the second quarter, marking its slowest quarter in at least a year The housing-finance agency funded $171 billion of loans in the first quarter, so its lending activity for the first...
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