South Florida Business Journal Ralgo Group has paid $535 million, or $200,375/unit, for the 267-unit Treetop Apartments in Miami’s Kendall area The local real estate firm acquired the three-story community from a company led by Miami Beach...
South Florida Business Journal A venture of CP Group, The Georgetown Co, ACRE, and StepStone paid $193 million, or $23031/sf, for the 838,000-square-foot Mizner Park mixed-use property in downtown Boca Raton, Fla The sale was reported earlier this...
Commercial Real Estate Direct Staff Report Braemar Hotels & Resorts Inc has lined up $358 million of mortgage financing against four of its properties with a total of 1,200 rooms in Chicago, Philadelphia, Puerto Rico, and the Virgin Islands...
Commercial Real Estate Direct Staff Report The $150 million CMBS loan against the Quaker Bridge Mall near Princeton, NJ, which wasn’t paid off when it matured in May, has been granted an 18-month reprieve The loan is securitized through JPMDB...
Commercial Real Estate Direct Staff Report Tanger Inc, which last year purchased the former Legends Outlets in Kansas City, Kan, expects to pay off the retail property’s $115 million CMBS loan next month, when it becomes open to prepayment The...
Commercial Real Estate Direct Staff Report The venture that owns the Prince Building in Manhattan’s SoHo area has lined up $216 million of financing, allowing it to retire a $200 million CMBS loan that became delinquent earlier this year The...
Boston Business Journal Westborough Shopping Center, a 356,957-square-foot retail property in Westborough, Mass, is being offered for sale at a foreclosure auction next month Paul E Saperstein Co has scheduled the auction for Dec 8 The property...
South Florida Business Journal Wells Fargo Bank has increased its construction financing against Broken Sound Residences, a 494-unit apartment project under construction in Boca Raton, Fla, to $1765 million The bank assumed an existing $358 million...
Just more than $3 billion of CMBS loans transferred to special servicers last month That's 14% more than the average that has transferred monthly over the previous 12 months But special servicers worked out, or otherwise resolved, $135 billion of...
Bisnow A venture of CP Group, The Georgetown Co, Acre, and StepStone has acquired Mizner Park, an 838,000-square-foot mixed-use property in downtown Boca Raton, Fla The buyers acquired the 30-acre complex from an affiliate of BGRE, formerly...
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.
