Hoodline Gindi Capital has paid $55 million, or $33742/sf, for the 163,000-square-foot office property at 25 Elm Place in downtown Brooklyn, NY The Gindi family office—Ralph Gindi founded the Century 21 department store chain in 1961—bought the...
Crain’s Chicago Business Barings has provided $1567 million of financing to facilitate Onni Group’s purchase of the 11 million-square-foot office property at 161 North Clark St in Chicago Onni, of Vancouver, British Columbia, paid $125...
Commercial Real Estate Direct Staff Report JPMorgan Chase Bank has agreed to provide $2825 million of mortgage financing against the 825,905-square-foot office property at 1325 Ave of the Americas in Manhattan The five-year loan is slated to be...
Crain’s Chicago Business Riverside Investment & Development has lined up $64 million of mortgage financing under the US Department of Housing and Urban Development’s 221(d)(4) program for the construction of the 199-unit apartment...
Commercial Real Estate Direct Staff Report BKM Capital Partners has paid $43 million, or $18534/sf, for the 232,000-square-foot Northwest Business Park industrial property in Phoenix The Newport Beach, Calif, investment manager acquired 11-building...
South Florida Business Journal Welltower Inc has purchased the Arbor at Lake Worth, a 377‑unit assisted-living facility in Lake Worth, Fla, for $872 million, or about $231,300/unit The Toledo, Ohio, company bought the property from Focus...
Commercial Real Estate Direct Staff Report Beal Bank has provided $176 million of non-recourse mortgage financing against four retail properties owned by CBL & Associates Properties Inc, allowing the Chattanooga, Tenn, REIT to completely...
Commercial Observer MF1 Capital has provided $170 million of financing for the completion of the 354-unit apartment property at 2366 Bedford Ave in the Flatbush neighborhood of Brooklyn, NY The property, which is set to open this year, is being...
National Life Group has provided $2675 million of financing against the 90-unit 8th & U Apartments in San Diego Northmarq arranged the three-year loan, which can be extended The property, at 3843 8th Ave, was developed last year by Greenline...
The Real Deal A venture of Metro Loft Management and Quantum Pacific Group has agreed to pay about $100 million, or $26254/sf, for One Whitehall St in Lower Manhattan, with plans to convert the 380,895-square-foot office building into apartments The...
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