Commercial Real Estate Direct Staff Report Zions Bank has provided an $83 million loan against the 465-unit Prospect Place apartment complex in Brooklyn, NY The five-year loan, which is being included in an upcoming CMBS conduit transaction,...
Triad Business Journal Google has fully leased a 729,872-square-foot industrial building at 1894 Old Beatty Ford Road in Kannapolis, NC The Mountain View, Calif, tech giant leased the building from Hudson Capital Properties of Teaneck, NJ Its lease...
Triad Business Journal Environmental Air Systems has bought the 500,160-square-foot industrial building at 5955 Summit Ave in Browns Summit, NC, for $5674 million, or $11344/sf The High Point, NC, company purchased the property from a venture of...
Walker & Dunlop has provided $5998 million of Freddie Mac financing against the 100-unit Optima Verdana apartment property in the Chicago suburb of Wilmette, Ill The fixed-rate loan, which requires only interest payments for its full term,...
Dallas Business Journal Provident Realty Advisors Inc has paid $115 million for an industrial portfolio with more than 267 million square feet in the Memphis, Tenn, area The Dallas company purchased the 13-building portfolio from Blackstone Real...
Commercial Observer BridgeCity Capital has provided $474 million of financing for the development of a 170-unit apartment property at 1104 Pacific St in the Prospect Heights section of Brooklyn, NY The property is being developed by Castell Group of...
The major mortgage REITs, which originated nearly $50 billion of commercial mortgages in 2021, originated $225 billion of loans last year While far off the record volume of five years ago, it's roughly four times 2024's total...
North River Partners and Amzak Capital Management have provided $685 million of financing for the development of the 215-unit Flats Flagler Gateway apartment property in Fort Lauderdale, Fla The 12-story property is being developed on a 146-acre...
South Florida Business Journal A venture of Driftwood Capital and Merrimac Ventures has bought the 174‑room Courtyard by Marriott Fort Lauderdale Weston hotel for $2275 million, or $130,747/room A venture of Ashford Hospitality Trust and Artemis...
South Florida Business Journal Related Group and BH Group have lined up $360 million of financing for the construction of the Icon Beach Waterfront Residences in Hollywood, Fla Tyko Capital of New York provided the loan Groundbreaking is scheduled...
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.
