Commercial Real Estate Direct Staff Report Fannie Mae funded $145 billion of multifamily loans during the third quarter, bringing its total lending activity for the year so far to 1,930 loans with a balance of $458 billion That compares to a year...
Tishman Speyer has formed a separately managed account with Dutch pension Bouwinvest Real Estate Investors to own the leasehold interest in Manhattan’s Chrysler Building and would pursue other trophy office properties across the country...
Crain’s Chicago Business Amcor Holdings has paid $115 million, or $9179/sf, for the 125,285-square-foot office building at 500 Davis St in the Chicago suburb of Evanston, Ill The Westmount, Quebec, investment firm acquired the property from a...
Crain’s Chicago Business JRK Property Holdings has paid $673 million, or $343,367/unit, for the 196-unit apartment building at 1250 North LaSalle St in Chicago’s Gold Coast neighborhood The Chicago investor acquired the property from a...
The median loan-to-value ratio of mortgages against manufactured-housing properties that were securitized so far this year decreased to 582% from 596% for all of last year...
PCCP has provided $1639 million of financing for the construction of the 426-unit Paramus Chapter apartment property that a venture between Russo Development and Kushner Real Estate Group is developing in the northern New Jersey borough of Paramus...
Mesa West Capital has provided $615 million of mortgage financing against the 125,100-square-foot office building at 285 Sobrante Way in the Silicon Valley city of Sunnyvale, Calif The collateral building, constructed in 2021 by a venture of...
Voya Investment Management has provided $958 million of financing against a portfolio of six apartment properties with 1,461 units in Los Angeles and California’s Inland Empire Northmarq arranged the financing on behalf of the...
Minneapolis/St Paul Business Journal Laxmi Hotels Group has paid $5 million, or $13,889/room, for the 360-room Royal Sonesta Minneapolis Downtown hotel The Charlotte, NC, hospitality company acquired the property as part of a larger eight-property...
South Florida Business Journal Madison Realty Capital has provided $463 million of financing for the South Tower of the St Regis Residences, Sunny Isles Beach, a 170-unit condominium project that’s under construction in Sunny Isles Beach, Fla...
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