PCCP has provided $80 million of mortgage financing against the 343-unit Rae apartment property in the Washington, DC, suburb of Bethesda, Md The loan allowed the property’s developer, Foulger-Pratt, to refinance the property at 10401 Motor...
Crain’s Chicago Business Honore Properties has paid $92 million, or $6498/sf, for the 141,593-square-foot office property at 70 East Lake St in Chicago, with plans to convert it into 170 apartment units The local developer acquired the...
Commercial Real Estate Direct Staff Report Owners of 36% of the apartment units in Austin, Texas, are offering concessions to lure tenants to their properties And those conessions amounted to 155% of annualized unit rent in May, according to...
MacNaughton paid $1425 million, or $491,379/unit, for the 290-unit Residences Kierland in Scottsdale, Ariz The Honolulu real estate investor bought the property from Quarterra Multifamily in a deal brokered by CBRE The transaction previously was...
Commercial Real Estate Direct Staff Report Millburn & Co has paid $9525 million, or $280,973/unit, for the 339-unit Longbow apartments in Mesa, Ariz The Salt Lake City investment manager acquired the property, at 2950 North Recker Road, from its...
Commercial Real Estate Direct Staff Report A total of 192 loans with a balance of $303 billion backing private-label CMBS deals were defeased, or replaced by government securities during the first half of the year, according to Trepp Inc That...
Burton Property Group has paid $76 million, or $195/sf, for the 389,471-square-foot Vestavia Hills City Center retail property in the Birmingham, Ala, suburb of Vestavia Hills, Ala The Mobile, Ala, developer, which started life as Smith’s...
Finmarc Management Inc has sold the 83,300-square-foot Park East III flex-office building and a neighboring 64-acre parcel in the Washington, DC, suburb of Chantilly, Va, to Pulte Homes for $2636 million, or $31645/sf The single-story building is at...
Commercial Real Estate Direct Staff Report The CMBS financing against the Harborplace retail property within Baltimore’s Inner Harbor area has transferred to special servicer Midland Loan Services as it’s not expected to be paid off by...
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