KKR Real Estate Finance Trust Inc has set a goal of cleaning up its portfolio this year by sharply reducing its real estate-owned assets It also plans to reduce its exposure to loans it has on its...
Commercial Observer Ares Management has provided a $450 million loan against 834-unit Riverie apartment property in the Greenpoint section of Brooklyn, NY The loan, arranged by CBRE, allowed a venture of Lendlease Corp and Aware Super, an Australian...
A venture of LeCesse Development Corp and Mas Development has lined up $8335 million of construction financing for the 258-unit Ecco apartment property at 250 Union St in Elizabeth, NJ Bank OZK provided a $632 million senior loan, while PGIM...
Commercial Real Estate Direct Staff Report Black Diamond Capital Management, which late last year bought the distressed $4185 million CMBS loan against the Palisades Center Mall in Rockland County, NY, has taken over the 23 million-square-foot...
Commercial Observer Maxim Capital Group has provided a $70 million loan for the development of a 113-unit residential condominium property at 11-33 44th Drive in the Long Island City section of Queens, NY The property, which will have ground-floor...
Crescent Real Estate LLC has lined up $596 million of fresh financing against the 137 million-square-foot Crescent mixed-use complex in Dallas’ Uptown area Goldman Sachs and JPMorgan Chase Bank are providing the loan, which will be securitized...
Charlotte Business Journal National Kitchen & Bath Cabinetry Inc has bought a 247,000-square-foot industrial building within the Axial Bonds Farm industrial complex in Concord, NC, for $30 million, or $12146/sf The local cabinet supplier for...
ConnectCRE Equus Capital Partners has paid $469 million, or $13719/sf, for the Falls Lake Commerce Center, a 341,867-square-foot industrial complex in Butner, NC, about 14 miles northeast of Durham, NC The Newtown Square, Pa, company purchased the...
Commercial Real Estate Direct Staff Report Last year, Colorado House Bill 25-1090: Protections Against Deceptive Pricing Practices, was signed into law The legislation, which went into effect at the start of January, requires businesses to present...
Commercial Real Estate Direct Staff Report The Mortgage Bankers Association expects total commercial mortgage originations to jump by another 271% this year, to $8054 billion Last year’s volume spiked by 272% from 2024 to $6447 billion, with...
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