JLL Capital Markets has arranged $5575 million of financing to facilitate Hines’ purchase of Tempo at Riverpark, a 235-unit apartment property in Oxnard, Calif An unnamed bank provided the five-year loan for Hines, which bought the property...
Nashville Business Journal Anchor WeHo Owner LLC has bought Braxton Music City, a 236-unit apartment complex in Nashville, Tenn, for $544 million, or $230,508/unit The company, led by New Jersey investor Aaron Friedman, purchased the two-building...
South Florida Business Journal An affiliate of Brasswater has paid $20 million, or $15616/sf, for the 128,071-square-foot office property at 6806-6814 North State Road 7 in Coconut Creek, Fla The Montreal real estate investor purchased the property...
Commercial Real Estate Direct Staff Report The CMBS trusts that held a $160 million mortgage against the 503,312-square-foot Park Square office property in Boston’s Back Bay area have taken it through foreclosure The loan is split into two...
Commercial Real Estate Direct Staff Report Bascom Group has paid $103 million, or $350,340/unit, for the 294-unit Ellison apartment property in Las Vegas The Irvine, Calif, investment manager acquired the property, at 9235 West Russell Road, from...
Commercial Observer Apple Bank has provided $42 million of financing against the 510,000-square-foot Nelson Tower office building at 450 Seventh Ave in Midtown Manhattan The loan, arranged by JLL Capital Markets, allowed the property’s owner,...
Commercial Real Estate Direct Staff Report Newgate Mall in Ogden, Utah, which was taken through foreclosure in April 2021 by the CMBS trust that held what was a $58 million mortgage against it, has been reappraised at a value of $171 million The...
Multi-Housing News Thompson Thrift is planning to develop Argent Flats, a 273-unit apartment complex in Reno, Nev The Indianapolis developer will build the property at 6000 Plumas St, about four miles south of Reno’s downtown Argent Flats will...
Commercial Observer A venture of Sovereign Partners and HudsonPoint Capital has agreed to pay about $385 million, or $70772/sf, for the 544,000-square-foot office building at 575 Fifth Ave in Midtown Manhattan It is buying the 40-story building from...
Commercial Real Estate Direct Staff Report The CMBS mortgage against the Dayton Mall in Dayton, Ohio, has had its term extended by just more than eight years through November 2030 The loan, securitized through WFRBS Commercial Mortgage Trust,...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
