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...
Stockdale Capital Partners has partnered with investment manager Hamilton Lane Inc to pay $157 million, or just more than $415/sf, for the 378,140-square-foot Shoppes at Chino Hills retail property in the Southern California city of Chino Hills The...
The Real Deal An affiliate of Goldman Sachs has paid $1545 million, or $389,169/unit, for the 397-unit Modera Academical Village I apartment complex in Davie, Fla The New York company acquired the property from Mill Creek Residential of Boca Raton,...
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...
Philadelphia Business Journal EPR Properties has paid $60 million, or $500/sf, for the 120,000-square-foot retail building occupied by Netflix House in King of Prussia, Pa The Kansas City, Mo, REIT acquired the property from HBC, the former...
The Real Deal Galium Capital has paid $287 million, or $183,974/unit, for the 156-unit Arbors Aventura apartment property in North Miami Beach, Fla The Miami real estate investment firm acquired the property from a venture of Mavik Capital...
The Real Deal RFR has paid $57 million, or $3,167/sf, for an 18,000-square-foot retail condominium at 841 Madison Ave on Manhattan’s Upper East Side The New York real estate firm acquired the four-story property from a venture of Status...
The Real Deal Redfearn Capital has paid a total of $422 million for two commercial properties along East Atlantic Avenue in Delray Beach, Fla, in separate transactions The local investment firm paid $382 million, or $1,675/sf, at auction for a...
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...
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