Multi-Housing News Land & Apartments has paid $70 million, or $183,727/unit, for Villages at Lake Silvercote, a 381-unit apartment property in the St Louis suburb of Wentzville, Mo The St Louis investor bought the property, at 100 Dry Brook...
Fannie Mae funded $142 billion of multifamily mortgages during the second quarter, marking its slowest quarter in at least a year The housing-finance agency funded $171 billion of loans in the first quarter, so its lending activity for the first...
Crain’s Chicago Business A venture led by investor Jonathan Holtzman is offering for sale the Fisher Building, a 184-unit apartment property in Chicago The venture, which has held an ownership stake in the property since 1999, hired CBRE to...
A group of lenders led by Wells Fargo Bank has provided $12 billion of financing for the construction of the proposed 930,000-square-foot office building at 343 Madison Ave in Midtown Manhattan The 46-story building, which will have direct access to...
Commercial Real Estate Direct Staff Report Valley Bank has provided $557 million of financing against 143,354 square feet of office and retail space at Tampa’s Midtown East office building The 10-year credit, arranged by JLL Capital Markets,...
SL Green Realty Corp is starting an effort to refinance the $177 billion of mortgage financing against 245 Park Ave, the 178 million-square-foot office building in Midtown Manhattan that it owns through a venture with HNA Group The existing loan,...
Balbec Capital LP has provided $4275 million of mortgage financing against the 301-unit Bend on Bluebonnet apartment property in Baton Rouge, La JLL Capital Markets arranged the three-year loan on behalf of the property’s owner, a venture of...
OceanFirst Financial Corp has sold a $13 billion portfolio of multifamily loans, most backed by properties subject to New York City’s onerous rent regulations The banking company, parent of OceanFirst Bank, assumed the loans through its...
Minneapolis/St Paul Business Journal Faegre Drinker Biddle & Reath has agreed to renew its 175,000-square-foot lease at Wells Fargo Center, a 12 million-sf office property in Minneapolis The law firm leases floors 20 through 27 in the 57-story...
Mesa West Capital has provided $81 million of mortgage financing against the 330-unit Atlas Peakview apartment property in the Denver suburb of Centennial, Colo The financing was arranged by Walker & Dunlop on behalf of the property’s...
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