Commercial Real Estate Direct Staff Report The real estate arm of brothers Michael and David Shabsels last month filed for Chapter 11 bankruptcy protection in US Bankruptcy Court for the District of New Jersey The unit, Damis Holdings LLC, owns 55...
Washington Business Journal An affiliate of Goldman Sachs has paid $1423 million, or $562,451/unit, for The Milton, a 253-unit apartment building in Arlington, Va The New York investor bought the 11-story property from Kimco Realty Corp of Jericho,...
Washington Business Journal An affiliate of Columbia Sussex Corp has paid $927 million, or $274,260/room, for the 338-room Westin Arlington Gateway in the Washington, DC, suburb of Arlington, Va The Crestview Hills, Ky, hotel owner purchased the...
The weighted average occupancy rate of apartment properties that back both private-label and Freddie Mac loans securitized in 2021 largely have fallen short of underwritten...
Tampa Bay Business Journal Third Lake Partners has paid $135 million, or about $12273/sf, for WestShore Plaza, a nearly 11 million-square-foot regional mall in Tampa, Fla The Ybor City, Fla, investor acquired the retail property from WPG Inc of...
South Florida Business Journal An affiliate of Urbanica Management has paid $21 million, or $512,195/unit, for a 41-unit apartment property at 7915 East Drive in North Bay Village, Fla The Miami Beach, Fla, hotel developer purchased the building...
South Florida Business Journal Northlink Capital has increased the construction financing for its 222-unit residential condominium project at 7200 Collins Ave in Miami Beach, Fla, to $85 million A lending group led by Deutsche Bank provided...
PCCP has provided $518 million of financing against the 236-unit Everly at Morrison Ranch apartment property in the Phoenix suburb of Gilbert, Ariz The property, at 4353 East Elliot Road, was developed last year by a venture between Phoenix Capital...
M&T Realty Capital Corp has provided $1414 million of financing against the recently completed 194-unit Anagram Turtle Bay apartment property in Manhattan The loan allowed the property’s developer—a venture of Global Holdings, Safanad,...
Commercial Property Executive Boyd Watterson Asset Management has paid $49 million, or $140/sf, for the 350,000-square-foot industrial building at 9560 Heartland Court in Columbus, Ohio The Cleveland investment manager acquired the property from its...
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