PCCP has provided $130 million of senior financing for the construction of a 304-unit apartment property and adjoining 47,892-square-foot grocery store in the Mott Haven area of the Bronx, NY The property, dubbed The 360, is being developed at 350...
Commercial Real Estate Direct Staff Report The Hagerstown Premium Outlets retail property in the Maryland panhandle has had its appraised value reduced for the fourth time since its CMBS loan got into hot water in 2020 The 484,994-square-foot retail...
Commercial Real Estate Direct Staff Report The Heinz 57 Center office and retail building in downtown Pittsburgh has been reappraised at a value of only $198 million The 14-story building was constructed in 1913 at 339-357 6th Ave as a Kaufmann...
The Santa Monica, Calif, mall owner still has $300 million to $400 million of properties to get rid of before completing its Path Forward plan, an effort designed to reduce its overall leverage level and leave it with a portfolio of 31...
Commercial Real Estate Direct Staff Report The Macerich Co venture that owns the Deptford Mall in the southern New Jersey township of Deptford paid off the property’s $13174 million mortgage when it matured last month The loan, securitized...
The Real Deal KDC has lined up $400 million of construction financing for AT&T’s planned corporate headquarters campus in the Dallas suburb of Plano, Texas JPMorgan Chase provided the financing, terms of which were not known The 54‑acre...
Jacksonville Business Journal An unidentified private investor has acquired Bolton Plaza, a 174,037‑square‑foot retail property in Orange Park, Fla Katz Property Retail of New York sold the shopping center for an undisclosed price It paid $18...
Atlanta Business Chronicle A venture of BGO and Greenlaw Partners has paid $7005 million, or $9666/sf, for River Park 6, a 724,687‑square‑foot warehouse in Jackson, Ga, about 43 miles south of Atlanta BGO, a New York investment firm, and...
Triangle Business Journal Stonelake Capital Partners has paid $905 million, or $14755/sf, for three recently completed industrial buildings totaling 613,353 square feet in Apex, NC The Austin, Texas, investor acquired buildings 2, 3, and 4, which...
Sonnenblick-Eichner Co has arranged $110 million of mortgage debt against the 250-room Hotel NIA in the Silicon Valley city of Menlo Park, Calif The five-year loan was provided by Madison Newbond, a lending venture between alternative lender Madison...
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