Freddie Mac funded $1285 billion of multifamily loans during the first quarter, up 30% from the $10 billion it funded a year ago, but 55% less than the $29 billion it funded during last year’s fourth quarter The agency typically acquires...
Commercial Real Estate Direct Staff Report The second annual Trepp Connect conference got underway earlier today in Manhattan’s Rockefeller Center, with more than 200 attendees After opening remarks by Annemarie DiCola, chief executive of...
Fannie Mae funded 669 multifamily loans with a balance of $171 billion during the first quarter, up nearly 45% from the $118 billion it funded a year ago The latest quarter’s volume increased the housing-finance agency’s book of...
South Florida Business Journal Bowery Properties has bought Cascades at the Hammocks, a 264‑unit apartment property in Miami, for $655 million, or $248,106/unit The local investor purchased the three-story complex from an affiliate of Grand Peaks...
South Florida Business Journal An affiliate of Property Reserve, the real estate investment arm of the Church of Jesus Christ of Latter‑day Saints, has paid $240 million, or $526,316/unit, for Uptown Boca Villas, a 456‑unit apartment complex in...
Commercial Real Estate Direct Staff Report The venture between Estein USA and Vanderbilt Office Properties that purchased the Pinnacle Tower in Dallas paid $1633 million, or $29741/sf, for the 549,076-square-foot office building It funded its...
Prime Finance, an alternative lender that also invests in the most subordinate classes of CMBS conduit deals, is on track to fund more than $4 billion of loans this year...
Triangle Business Journal Momentum Real Estate Partners has paid $871 million, or $323,792/unit, for the University Hill Apartments, a 269‑unit complex in Durham, NC The Miami company purchased the four‑story building from Hawthorne Residential...
South Florida Business Journal An affiliate of D&F Development Group has bought the Prestige at Palm‑Aire, a 39‑unit townhome rental community in Pompano Beach, Fla, for $259 million, or $664,103/unit The Singer Island, Fla, company acquired...
South Florida Business Journal LeFrak Organization has bought Harbour at New River, a 337‑unit apartment building in downtown Fort Lauderdale, Fla, for $180 million, or $534,125/unit The New York company purchased the 36-story property from its...
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