Commercial Real Estate Direct Staff Report The long-troubled $3791 million CMBS loan against a portfolio of nine Seattle office buildings with 164 million square feet owned by Martin Selig Real Estate has been modified, providing the developer with...
Affinius Capital has provided $1003 million of financing to fund the construction of the 326-unit Atmosphere Pittsburgh student-housing property in the city’s Oakland neighborhood The 10-story property, which will have a 672-bed capacity, is...
Oxford Properties has provided a $155 million construction loan for the first phase of Buckeye Yards, a 413-million-square-foot industrial development in Columbus, Ohio JLL Capital Markets arranged the financing on behalf of developer Xebec of...
New York Life Investment Management has provided $480 million of mortgage financing against 10 apartment properties with 2,731 units owned by Continental Properties Real Estate Development Fund II LP The loan was arranged by Walker & Dunlop It...
Triangle Business Journal DUMAC, the investment arm of Duke University, has bought Erwin Square Plaza, a 238,792-square-foot office building in Durham, NC Lionstone Investments of Houston sold the property, which sits on 742 acres at 2200 West Main...
Charlotte Business Journal Western-Southern Life Insurance Co has provided $81 million of construction financing for Sutherland at Piper Glen, a 299-unit apartment project under construction in Charlotte, NC RK Investors is developing the property...
Tampa Bay Business Journal Concert Golf Partners has agreed to buy the Innisbrook Resort and Golf Club in Palm Harbor, Fla, for $198 million in a cash deal that includes the assumption liabilities The Lake Mary, Fla, golf-club owner is acquiring the...
South Florida Business Journal Fortress Investment Group has paid $2575 million, or $218,220/unit, for Astor at Delray Beach, a 118-unit seniors-housing facility in Delray Beach, Fla The New York investor acquired the property, formerly known as...
South Florida Business Journal An affiliate of Welltower has paid $4909 million, or $409,083/bed, for Glades West Rehab & Nursing Center, a skilled-nursing facility with 120 beds in Miramar, Fla The Toledo, Ohio, REIT purchased the property from...
Prime Finance has purchased a portfolio of eight performing loans with a balance of $760 million from Blackstone Real Estate Debt Strategies It’s not known how much the investment manager paid But Seth Fisher, principal and head of strategic...
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.
