Commercial Real Estate Direct Staff Report Despite two years of elevated rates, most lender types posted modest growth in outstanding balances during the second quarter Banks expanded at a steady pace, but the government-sponsored enterprises (GSEs)...
Kam Sang Co has paid $115 million for the $290 million loan against Wells Fargo Center South, a 12 million-square-foot office property in downtown Los Angeles The Arcadia, Calif, real estate developer acquired the loan from a group of lenders that...
Washington Business Journal A venture led by Taicoon Property Partners has paid $5035 million, or $22549/sf, for the 223,292-square-foot Commercial National Bank Building in Washington, DC The local investor acquired the historic office property...
Philadelphia Business Journal Walmart Fulfillment Services has paid $472 million, or $26802/sf, for Highway 1 Commerce Center, a 176,105-square-foot warehouse property in Philadelphia The Bentonville, Ark, retail giant acquired the property from its...
Philadelphia Business Journal Regis Cos is offering for sale Marketplace at Chews Landing, a 157,000-square-foot shopping center in Clementon, NJ CBRE has been tapped to market the retail property, at 1200 Chews Landing Road, which has no asking...
Commercial Observer Colorado Federal Bank has provided $23 million of construction financing for the conversion of a former event venue in Brooklyn, NY, into a 60-unit apartment property Double U Development is developing the eight-story project at...
Commercial Observer Sumitomo Mitsui Banking Corp has provided $1075 million of financing against a 599-unit apartment portfolio in Richardson, Texas, and King of Prussia, Pa Ares Real Estate owns the two-property portfolio, which consists of Axis...
D2 Residential has provided $621 million of financing against the 316-unit Exchange at Holly Springs apartment property in the Raleigh, NC, suburb of Holly Springs, NC The five-year loan, which pays a floating coupon, was arranged by JLL Capital...
Dwight Capital has provided $32 million of mortgage financing under the US Department of Housing and Urban Development’s 223(f) program for the 110-unit Americana apartment property in Philadelphia The property, at 1775 North American St, is...
Multi-Housing News Bank OZK has provided $1327 million of financing for the construction of ElevenOneEleven, a 344-unit apartment complex in Culver City, Calif A venture of Lincoln Property Co and McCourt Partners is building the property at 11111...
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