Commercial Real Estate Direct Staff Report The long-troubled $3791 million CMBS loan against a portfolio of nine Seattle office buildings with 164 million square feet owned by Martin Selig Real Estate has been modified, providing the developer with...
Affinius Capital has provided $1003 million of financing to fund the construction of the 326-unit Atmosphere Pittsburgh student-housing property in the city’s Oakland neighborhood The 10-story property, which will have a 672-bed capacity, is...
Oxford Properties has provided a $155 million construction loan for the first phase of Buckeye Yards, a 413-million-square-foot industrial development in Columbus, Ohio JLL Capital Markets arranged the financing on behalf of developer Xebec of...
New York Life Investment Management has provided $480 million of mortgage financing against 10 apartment properties with 2,731 units owned by Continental Properties Real Estate Development Fund II LP The loan was arranged by Walker & Dunlop It...
Modal Labs has leased 160,000 square feet at the 116 million-sf 32 Ave of the Americas office building in Manhattan’s Tribeca neighborhood The New York company will relocate about 140 employees from 233 Spring St, also in Manhattan, by...
Charlotte Business Journal Western-Southern Life Insurance Co has provided $81 million of construction financing for Sutherland at Piper Glen, a 299-unit apartment project under construction in Charlotte, NC RK Investors is developing the property...
Prime Finance has purchased a portfolio of eight performing loans with a balance of $760 million from Blackstone Real Estate Debt Strategies It’s not known how much the investment manager paid But Seth Fisher, principal and head of strategic...
A venture led by FitzWalter Capital Partners has paid $795 million for the distressed $1458 million mortgage against the 304,947-square-foot 700 Sixth St NW office building in Washington,...
Blackstone Real Estate Debt Strategies has provided $310 million of financing against the Peabody Union mixed-use property in downtown Nashville’s South Bank district The three-year loan, which can be extended by two additional one-year terms,...
Centennial Bank has provided a $145 million loan for the construction of the Riverside Wharf hotel and entertainment project in downtown Miami The two-building property will include the 167-room Dream Miami Hotel, a 30,000-square-foot nightclub,...
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.
