Multi-Housing News The NRP Group has broken ground on Stone Ridge at High Street, a 150-unit apartment property in Columbus, Ohio The Cleveland developer is constructing the property at 45 West Barthman Ave, about three miles south of downtown...
Commercial Real Estate Direct Staff Report The $32873 million CMBS loan against the Westfield Montgomery Mall in the Washington, DC, suburb of Bethesda, Md, has been paid off The loan was securitized through WFLD Mortgage Trust, 2014-MONT, and...
Development of seniors-housing units continues to fall well behind demand, driving the national occupancy rate for the sector to 899% in the second...
Morgan Stanley and Barclays Capital have provided $575 million of financing against the 823,856-square-foot office component of the 53-story Winthrop Center mixed-use building in downtown Boston The five-year loan requires only interest payments for...
Houston Business Journal Southern Land Co has lined up $1659 million of financing for the construction of the 2811 Kirby mixed-use project in Houston Bank OZK provided the loan The Nashville, Tenn, developer is building the project on a two-acre...
Philadelphia Business Journal A venture of Clearview Hotel Capital and Oaktree Capital Management has lined up $57 million of financing for the Sofitel Philadelphia at Rittenhouse Square hotel in Philadelphia Simmons Bank provided the loan, which...
Atlanta Business Chronicle Christ Covenant Church has paid $169 million, or $17979/sf, for Piedmont Place, a 94,000-square-foot office building in Atlanta The church bought the property from Hall Capital of Oklahoma City, which purchased it for $218...
Tampa Bay Business Journal Spira Equity Partners has paid $58 million, or $219,697/unit, for the 264-unit Wyngate Apartments in St Petersburg, Fla The Seattle company bought the affordable housing complex from the Foundation for Affordable Housing...
Atlanta Business Chronicle A venture of Parmenter Realty Partners and Wellings Capital has paid $186 million, or $14880/sf, for a 125,000-square-foot office building at 160 Clairemont Ave in the Atlanta suburb of Decatur, Ga Parmenter, of Atlanta,...
Tampa Bay Business Journal Brasswater has paid $22 million, or $188,034/room, for the 117-room Hampton Inn & Suites Lakeland-South Polk Parkway in Lakeland, Fla The Montreal-based real estate firm acquired the property from Baywood Hotels of...
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.
