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,...
PGIM has provided $693 million of financing against the 185,536-square-foot Offices at the Grove office building in Phoenix The five-year, fixed-rate loan was arranged by JLL Capital Markets on behalf of the property’s owner, RED Development...
Affinius Capital has provided $226 million of financing against the recently completed House 55, a 295-unit apartment building at 55 Willoughby St in Brooklyn, NY The loan allowed the property’s developer, a venture of Lonicera Partners and...
New York Business Journal Northwind Group has provided $231 million of construction financing for the conversion of 675 Third Ave, a 337,000-square-foot office building in Manhattan, into as many as 450 apartments A venture of Metro Loft Management...
South Florida Business Journal A venture led by Legacy Residential has paid $5255 million, or $196,082/unit, for Landings at Coconut Creek, a 268-unit apartment property in Coconut Creek, Fla The Coral Gables, Fla, multifamily firm acquired the...
South Florida Business Journal RK Centers has paid $2856 million, or $14904/sf, for a 191,625-square-foot Walmart Supercenter store in Fort Lauderdale, Fla The Sunny Isles Beach, Fla, real estate firm acquired the retail property from a company...
CRG has broken ground on two buildings totaling 911,040 square feet at the Cubes at Etna industrial park in Etna, Ohio The Chicago developer is building the properties on 305 acres at 10202 Hazelton Etna Road, about 20 miles southeast of downtown...
Several of the largest publicly traded office REITs are moving back into the ground-up development game, after years of focusing on leasing and balance-sheet...
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.
