Derby Lane Partners has provided $175 million of financing to fund the conversion of the 400,000-square-foot office property at 80 Broad St in Lower Manhattan into 326 apartment units The property is being converted by a venture of Broad Street...
Commercial Observer Hanover Capital has provided a $258 million loan against the 52,578-square-foot retail property at 10-04 Borden Ave in the Long Island City section of Queens, NY The loan, arranged by HKS Real Estate Advisors, allowed the...
Blackstone and New York Life Insurance Co have provided $238 million of financing against the 561,466-square-foot Lincoln Square North office property in the Seattle suburb of Bellevue, Wash The loan was arranged by Newmark on behalf of the...
FS Credit REIT has provided a $7448 million loan against the 267,294-square-foot Shops at Stonefield in Charlottesville, Va The retail property, at 2100 Hydraulic Road, is owned by O’Connor Capital Partners of New York, which bought it in 2016...
PCCP has provided $1805 million of senior mortgage financing against the 21 million-square-foot Oakland Park industrial complex in the Detroit suburb of Highland Park, Mich The loan allowed the 10-building property’s owner, a venture of...
Commercial Real Estate Direct Staff Report Tech Park @ Goleta, a 733,497-square-foot mixed-use complex in the Southern California coastal city of Goleta, has sold for $235 million, or $32038/sf The 17-building property was sold by Majestic Asset...
South Florida Business Journal CIM Real Estate Credit has filed a foreclosure suit against the owner of the Goodtime Hotel in Miami Beach, Fla The 266-room property, at 601 Washington Ave, serves as collateral for a $164 million mortgage that the...
Commercial Real Estate Direct Staff Report Washington Federal Bank has provided $88 million of financing for the construction of the 360-unit Leeway apartment property in the northern Seattle suburb of Shoreline, Wash JLL Capital Markets arranged...
Crain’s Chicago Business Wintrust Bank has provided $83 million of financing for the development of the 388-unit apartment property at 1010 South Wells St in Chicago’s South Loop neighborhood CMK Cos is developing the complex within the...
Axonic Capital has provided $50 million of senior mortgage financing against the 245,000-square-foot Merchants Exchange Building in the heart of San Francisco’s financial district The loan has a three-year term but comes with two one-year...
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