Mesa West Capital has provided $81 million of senior debt against the 313-unit Domain Memorial townhome rental property in Houston The loan will allow the property’s owner, Knightvest Capital, to complete unit renovations The 10-year-old...
Bisnow WC Smith has paid $698 million, or $298,290/unit, for the 234-unit Albemarle apartment property in Washington, DC The local investor acquired the property from AvalonBay Communities of Arlington, Va, which had owned it since 2013 The most...
Commercial Real Estate Direct Staff Report Morningstar DBRS estimates that the three Club Quarters hotels in Chicago, San Francisco, and Philadelphia that back a $2407 million mortgage securitized through BX Trust, 2017-CQHP, would recover only...
Crain’s Chicago Business Ante has paid $21 million, or $355,932/unit, for the 59-unit Portrait Apartments in the Uptown neighborhood of Chicago The family office of Giannis Antetokounmpo, who is a member of the Milwaukee Bucks professional...
Commercial Real Estate Direct Staff Report Capital Group has agreed to pay $210 million, or $150/sf, for Los Angeles’ Bank of America Plaza, a 14 million-square-foot office property in the city’s downtown The financial services company,...
Commercial Real Estate Direct Staff Report White Lodging has paid $2775 million, or $78,612/room, for the 353-room Sheraton Raleigh Hotel in the city’s downtown area The Merrillville, Ind, hotel management company purchased the property from...
The volume of CMBS loans that are more than 30 days late with their payments spiked in March by $308 billion, to $4583 billion, marking the largest one-month increase in delinquency volume since May 2023, when volumes increased by $326 billion...
Commercial Real Estate Direct Staff Report Cottonwood Group has provided $102 million of financing for the construction of the 216-room Kimpton Hotel in downtown Salt Lake City Walker & Dunlop arranged the loan on behalf of Domain Cos of New...
Commercial Observer Madison Realty Capital has provided a $121 million of financing to fund the completion of the Southend Lofts, a 110-unit residential condominium project at 38 Jackson St in Hoboken, NJ The loan allows the property’s...
Northwind Group has provided a $50 million construction loan for the proposed 34-unit residential condominium project at 10 West 17th St in Manhattan’s Flatiron area The project is being developed by Prosper Property Group of New York on a...
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.
