Commercial Property Executive CapRock Partners has paid $375 million, or $15316/sf, for Summit at Surprise, a 244,847-square-foot industrial property in Surprise, Ariz, about 21 miles northwest of Phoenix The Newport Beach, Calif, private equity...
Corebridge Financial has provided $155 million of mortgage financing to help fund Meadow Partners’ $3122 million purchase of the 392,954-square-foot office building at 10 East 53rd St in Manhattan The loan was arranged by Newmark, which also...
South Florida Business Journal A venture of SG Holdings and New Urban Development has secured $63 million of construction financing for the 153-unit Serenity Gardens affordable seniors housing project in Miami Gardens, Fla The financing package...
Commercial Real Estate Direct Staff Report Morgan Stanley has provided $249 million of mortgage financing to fund Harbor Group International’s $415 million purchase of the 100,820-square-foot office building at 500 North Gulph Road in the...
Commercial Property Executive SouthState Bank has provided $434 million of financing against the 121,990-square-foot office and retail property at 200 and 250 Columbine St in Denver JLL Capital Markets arranged the five-year loan on behalf of the...
Puget Sound Business Journal An affiliate of BentallGreenOak, or BGO, has paid $152 million, or $638,655/unit, for Ballard Independent, a 238-unit apartment complex in Seattle The New York investment manager acquired the seven-story property from...
Mesa West Capital has provided $52 million of mortgage financing against the 162-unit Sumner Mill Apartments in Sumner, Wash, which is roughly 15 miles southeast of Tacoma, Wash BWE arranged the short-term loan Timberlane Partners of Seattle...
Washington Business Journal RPM Living has purchased the 260-unit Margarite apartment building in Washington, DC, for $110 million, or $423,077/unit The Austin, Texas, multifamily investor bought the property from its developer, Grosvenor of Chicago...
Multi-Housing News CONAM Group has paid $58 million, or $250,000/unit, for the 232-unit Alicante Apartments in Las Vegas The San Diego investment firm bought the property, at 4370 South Grand Canyon Drive, from Sares Regis Group, which acquired it...
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.
