CMBS loans against properties in the country’s top 10 metropolitan statistical areas had a pay-off rate of 5631% this year through July In other words, $252 billion of the $474 billion of loans that came due paid off on time The payoff data...
Northmarq has provided $561 million of Fannie Mae financing against the 354-unit Wintercrest Village apartments in the San Diego suburb of Lakeside, Calif The 10-year loan requires only interest payments for its entire term The property, at 12002...
Phoenix Business Journal LaPour is planning to convert the 351,600-square-foot Arizona Center office building in downtown Phoenix into a 340-room JW Marriott hotel The 19-story building at 400 East Van Buren St is less than a block from the Phoenix...
An affiliate of Acadia Realty Trust has committed to provide $75 million of mortgage financing to fund the $56 million, or $46830/sf, purchase of the 119,584-square-foot Whitestone Shopping Center in the Whitestone section of Queens, NY, and the...
Commercial Real Estate Direct Staff Report Voya Investment Management has provided $2325 million of mortgage financing against the 105-unit Align Apartments in the Seattle suburb of Federal Way, Wash Northmarq arranged the four-year loan on behalf...
Tampa Bay Business Journal A joint venture led by Broad Creek Capital has paid $67 million, or $212,698/unit, for The Crossings at Palm Aire, a 315-unit apartment complex in Sarasota, Fla The Washington, DC, investment firm teamed with Hillridge...
Atlanta Business Chronicle An affiliate of Saratoga Capital Partners has paid $984 million, or $292,857/unit, for Generation Atlanta, a 336-unit apartment community in Atlanta The New York private equity firm acquired the property at a recent...
Triad Business Journal The former BB&T Financial Center, a 272,820-square-foot office building in Winston-Salem, NC, is headed to the auction block RealInsight Marketplace has tapped CBRE to market the empty 20-story building at 200 West 2nd St...
Commercial Real Estate Direct Staff Report Wells Fargo Bank provided $1365 million of mortgage financing to help facilitate Canyon Creek Real Estate’s acquisition of the 519,959-square-foot 111 Congress office building in downtown Austin,...
Greystar has paid $3966 million, or $147,985/unit, for the 268-unit Avana Bartram Springs apartment complex in Jacksonville, Fla The Charleston, SC, investment manager bought the property, at 14951 Walden Springs Way, from Fogelman Properties of...
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