ACORE Capital has provided $110 million of mortgage financing against Manhattan’s 370 Lexington Ave as part of a recapitalization that involved KSR Capital investing in the 311,628-square-foot office building The 27-story building is owned by...
Tishman Speyer has purchased the $40 million mezzanine loan that JPMorgan Chase Bank provided to facilitate the $26525 million purchase of the 817,136-square-foot One Dag Hammarskjold Plaza office building in Manhattan The mezzanine loan, which...
A venture of Hamilton Partners and Bow River Capital has secured $442 million of financing against Hamilton Logistics Center, a 474,600-square-foot industrial property in Salt Lake City JLL Capital Markets arranged the five-year loan, which was...
The sale-leaseback market maintained its momentum through the first quarter, and given strong M&A activity and favorable market conditions, demand should remain...
Commercial Real Estate Direct Staff Report Property prices increased slightly during the first quarter, according to the Trepp Property Price Index, or TPPI Prices were up 009% from the fourth quarter and 048% from a year ago, according to the TPPI...
Berkadia has provided $352 million of Freddie Mac financing against the 394-unit Lake Village Apartments in Lake Orion, Mich, a northern suburb of Detroit The 10-year loan allowed the property’s owner, Fenton Management Co of Farmington Hills,...
Marcus & Millichap Capital Corp has arranged $85 million of financing for the construction of a 140-unit apartment property at 55 North La Cienega Blvd in Beverly Hills, Calif The four-year loan was provided by a national bank on behalf of the...
Commercial Real Estate Direct Staff Report Square Deal Investment Management has tapped JLL to secure financing against Indianapolis’ Salesforce Tower, a 11 million-square-foot office property The building backs a $108 million CMBS loan that...
A total of 35 CMBS loans with a balance of $271 billion were transferred to special servicers last month But they worked out $149 billion of loans during that time, so the net increase in special servicing volumes was $122...
Commercial Real Estate Direct Staff Report A venture of Cohen & Steers Income Opportunities REIT Inc and Phillips Edison & Co has paid $5385 million, or $20280/sf, for the 265,530-square-foot Oracle Crossings retail property just north of...
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.
