South Florida Business Journal Gatsby Florida has lined up $1186 million of construction financing for The Palm mixed-use project in Palm Beach Gardens, Fla Cirrus Real Estate Partners provided the three-year, floating-rate loan, which was arranged...
Commercial Real Estate Direct Staff Report New York Life Insurance Co has provided $63 million of mortgage financing against the 310-room Delta Hotels by Marriott New York Times Square hotel in Manhattan The property is a former Staybridge Suites...
Multi-Housing News Canyon Partners Real Estate and JPMorgan have provided $747 million of financing for the construction of a 180-unit apartment property at 375 East Alessandro Blvd in Riverside, Calif, about 60 miles east of Los Angles The property...
Connect CRE Invesco Real Estate has paid $995 million, or $12219/sf, for Crossroads Logistics Park, an 814,320-square-foot industrial property in Spartanburg, SC The Atlanta investment manager acquired the three-building property from a venture of...
Dwight Mortgage Trust has provided $70 million of financing against the recently renovated Cosmo 440 apartment property, with 216 units in Newark, NJ The loan was arranged by Drew Capital of Jackson, NJ It allowed a group led by Yisroel Berger, who...
The Real Deal LA Care, a Los Angeles healthcare provider that occupies all the office space at the mixed-use building at 1200 West 7th Ave in downtown Los Angeles, has purchased a $200 million distressed loan against the 725,000-square-foot property...
South Florida Business Journal Pinnacle Bank, doing business as Synovus Bank, has provided a $5085 million construction loan for a 147-bed skilled-nursing facility in North Miami Beach, Fla Citadel Care Centers, a Brooklyn, NY, affiliate of TL...
Securitized loans against student-housing properties have a 14% delinquency rate, according to Trepp Inc But loans securitized through Fannie Mae and Freddie Mac outperform those securitized through private-label CMBS or CLO...
Minneapolis/St Paul Business Journal Sherman Associates has secured $1365 million of financing for the development of a 349-unit multifamily and seniors-housing project in downtown Rochester, Minn The Minneapolis developer is building the project at...
South Florida Business Journal Fairfield Residential has paid $208 million, or $256,158/unit, for the 812-unit Portofino Place apartment complex in West Palm Beach, Fla The San Diego apartment owner purchased the property from affiliates of Cortland...
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