Tampa Bay Business Journal PTM Partners has lined up $125 million of construction financing for Edge Collective II, a 330-unit apartment project in St Petersburg, Fla An affiliate of GID provided the three-year, floating-rate loan, which was...
Jones Lang LaSalle Inc has launched a non-traded mortgage REIT that would originate and acquire a variety of commercial real estate debt instruments...
Commercial Real Estate Direct Staff Report The 759,608-square-foot Bank of America Plaza office property in downtown St Louis has sold for $96 million, resulting in a $391 million loss to the CMBS trust that held its $428 million mortgage The...
JPMorgan Chase Bank has provided $665 million of mortgage financing against the 81,684-square-foot office building at 836-838 Broadway in Manhattan’s Union Square neighborhood The loan, arranged by Newmark, allowed the 150-year-old...
Silicon Valley Business Journal An affiliate of Property Reserve, the real estate investment arm of the Church of Jesus Christ of Latter-day Saints, has paid $29667 million, or $898,991/unit, for the Village Residences, a 330-unit apartment property...
Commercial Real Estate Direct Staff Report JLL Real Estate Capital has provided $8605 million of Fannie Mae mortgage financing against the 400-unit Griffis Union Station apartments in downtown Denver The five-year loan allowed the property’s...
Torchlight Investors has provided $238 million of financing against the 631-unit Landmark South apartment property in the Miami suburb of Doral, Fla The short-term loan was arranged by Walker & Dunlop and allowed the property’s owner, JSB...
Davis Cos, which recently formed a dedicated credit platform, has provided $44 million of financing to fund the conversion of the 94,851-square-foot office building at 31 Milk St in Boston into residential use The 11-story building, between Hawley...
Boston Business Journal STAG Industrial Inc has paid $444 million, or $10023/sf, for a 443,000-square-foot warehouse in Caledonia, Wis The Boston REIT acquired the industrial property from an affiliate of Scannell Properties of Indianapolis The...
Boston Business Journal Tourbineau Real Estate Partners has paid $25 million, or $29070/sf, for an 86,000-square-foot office building at 955 Massachusetts Ave in Cambridge, Mass The Seattle real estate firm purchased the property from...
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.
