Dwight Investment Management has provided $130 million of bridge financing against the 389-unit Saiya apartment property in downtown Phoenix The 23-story building, at 802 North 1st Ave, is in the city’s Roosevelt Row area, also known as the Ro...
Commercial Real Estate Direct Staff Report Regions Bank has provided $9955 million of financing to help fund Fairbourne Properties’ $122 million, or $17429/sf, purchase of the 724,400-square-foot Village Crossing retail property in the Chicago...
As a percentage of the overall CMBS universe, the special servicing rate is the highest it has been since February 2013, when it was 1152% But the universe back then was smaller than it is today Meanwhile, given the recent workout of a large loan,...
Commercial Real Estate Direct Staff Report ORIX Real Estate Capital has provided $55 million of mortgage financing against the 200-unit Swell apartments in Seattle The loan, arranged by Newmark, allowed the property’s owner, a venture of Mack...
Commercial Real Estate Direct Staff Report With its maturity approaching, the $396 million senior CMBS loan against the 632,584-square-foot office building at 85 Tenth Ave, between Manhattan’s Chelsea and Meatpacking districts, has been...
Multi-Housing News JPL Development has secured $483 million of Freddie Mac financing against the Edison at Maple Grove, a 248-unit apartment property in the Minneapolis suburb of Maple Grove, Minn Gantry arranged the 10-year loan, which requires...
CMBS lenders securitized $1493 billion of loans against industrial properties this year through August At the current pace, the full year's volume of industrial loans should top last year's $1856...
Commercial Observer S3 Capital has provided $45 million of construction financing for a planned 99-unit apartment property in the Williamsburg section of Brooklyn, NY GW Infinity of Brooklyn is developing the 17-story project at 277 North Eighth St...
Hilco Global Real Estate Capital has provided $445 million of financing against the 249,012 square feet of office and retail space at the former Freeport-McMoRan Center in Phoenix The loan, arranged by Sterling Realty Capital of New York, allows the...
Commercial Real Estate Direct Staff Report The $785 million senior CMBS loan against the 786,891-square-foot One SoHo Square office property in Manhattan’s SoHo neighborhood has transferred to special servicer Midland Loan Services at the...
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