The hotel, at 161 Devonshire St., is one of four that served as collateral for a $273.7 million loan that was securitized through BX Mortgage Trust, 2017-CQHP. The portfolio also supports another...
Read moreGCM Grosvenor has committed to invest $50 million in OlivePoint Capital, a two-year-old opportunistic investment manager that will use the capital to seed its first investment fund. For GCM Grosvenor, which has $79 billion of assets under management,...
Commercial Real Estate Direct Staff Report Calmwater Capital has provided $41.9 million of financing to fund Dornin Investment Group's purchase of a nonperforming loan against the 232,863-square-foot Rose Canyon Business Park in San Diego. Dornin, of Laguna Beach,...
KKR & Co. has paid $2.1 billion for a portfolio of 18 apartment properties with more than 5,200 units scattered among a number of coastal and Sunbelt markets. The New York investment manager bought the portfolio from Quarterra...
Commercial Real Estate Direct Staff Report A venture of Farallon Capital Management and Fetner Properties has paid $75 million, or $477,707/unit, for the 157-unit apartment property at 85 East End Ave. on Manhattan's Upper East Side. To fund...
Wicker Park Capital Management has paid $33.2 million, or $76.82/sf, for the 432,158-square-foot Eastern Shore Centre retail property in Spanish Fort, Ala., across the bay from Mobile, Ala. The Savannah, Ga., investor bought the property, at 30500 Highway...
The Real Deal UBS Realty Investors has put the 920,000-square-foot office property at 135 West 50th St. in Manhattan up for sale through JLL Capital Markets, which will be taking offers for it at an online auction conducted...
Tampa Bay Business Journal Hamilton Zanze & Co. has bought Jade at North Hyde Park, a 192-unit apartment complex in Tampa, Fla., for $50.8 million, or about $264,583/unit. The San Francisco company purchased the five-story property from Wingspan...
LV Petroleum LLC has sold six Conoco-branded service station properties in the Las Vegas and Phoenix markets for $39 million. The Las Vegas developer, which specializes in building, redeveloping and operating convenience stores and travel centers, sold the...
Commercial Real Estate Direct Staff Report NJB Management Corp. has paid $42.75 million, or $638,059/unit, for the 67-unit apartment property at 226 West 97th St. in the Upper West Side of Manhattan. The Great Neck, N.Y., investor is...
Tishman Speyer has signed five leases for 129,500 square feet at the Spiral office building at 66 Hudson Blvd. in Manhattan's Hudson Yards area. The largest was HSBC's 35,400-sf expansion, giving it more than 300,000 sf at the...
Brookfield Property Partners has negotiated a five-year extension of the $750 million mortgage against its 2.3 million-square-foot One Liberty Plaza office building in lower Manhattan. The loan, provided by a group of lenders led by Morgan Stanley, was...
Commercial Observer Goldfarb Properties has paid $113.5 million, or $326,149/unit, for the 348-unit apartment property at 1201 South Eads St. in Arlington, Va. The New Rochelle, N.Y., investor acquired the property from Pantzer Properties of New York. The...
EQT Exeter has paid $92.5 million, or $203.77/sf, for the CenterLinks Business Park, a nine-building industrial-flex property with 453,940 square feet in Fort Myers, Fla. The Radnor, Pa., investment manager bought the property, which has office space, some...
Class Amt $mln Sub Level % Avg Life (yrs) Rating S&P Rating Fitch Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 2.78 30.00 2.39 AAA AAA AAA 99.998 5.467 +84.8 J-spread A-2 100.00...
Crain's New York Business The 109-room Hotel on Rivington on Manhattan's Lower East Side has struggled with occupancy, putting its $34.73 million mortgage at risk of default. Fitch Ratings recently warned that the loan's potential default, and subsequent...
Trinity Real Estate has bought the 60-unit Uptown Queen Anne Apartments in Seattle, for $19.9 million, or about $331,667/unit. Kidder Mathews brokered the deal for the seller, which couldn't be identified immediately. The purchase price results in a...
The venture of Tavros Holdings, Charney Cos. and Incoco Capital that's developing a 668-unit apartment complex at 310 and 340 Nevins St. in the Gowanus section of Brooklyn, N.Y., has lined up $300 million of financing for it....
Invictus Real Estate Partners has provided $69 million of financing against the 158-unit Mason Gray apartment property at 959 Sterling Place in the Crown Heights section of Brooklyn, N.Y. The loan is designed to take the property, which...
Commercial Observer Brookfield Asset Management has taken the 290,835-square-foot office property at 1200 New Hampshire Ave. NW in Washington, D.C., through a deed-in-lieu of foreclosure. The property was owned by BGO, the former BentallGreenOak, which had purchased it...
Charlotte Business Journal MV2 Investments is offering for sale a pair of apartment properties with a total of 172 units in the Charlotte, N.C., area. The offering, which includes six development sites, comes to market with an asking...
Commercial Real Estate Direct Staff Report The $62.39 million CMBS loan against Philadelphia's famed Wanamaker Building has been sold for $25.16 million, resulting in $44.97 million of losses to the loan, after fees and other expenses, for a...
South Florida Business Journal Pantzer Properties has bought the AMLI Doral Apartments, a 352-unit complex in South Florida for $139.25 million, or about $395,597/unit. The New York company purchased the four-story property from AMLI Residential in a deal...
South Florida Business Journal Pine Tree has bought The Fountains, a 438,051-square-foot shopping center in Plantation, Fla., for $70 million, or about $159.80/sf. The Oak Brook, Ill., investor purchased the property from Site Centers of Beachwood, Ohio, which...
Commercial Observer Briad Group has lined up $40 million of commercial property assessed clean energy, or C-PACE, financing against the AC Hotel San Diego Downtown Gaslamp Quarter. Peachtree Group of Atlanta provided the loan, which allows the Livingston,...
Federal Realty Investment Trust has sold the eight remaining buildings at the Third Street Promenade mixed-use property in Santa Monica, Calif., for $103 million, or $556.76/sf. The Bethesda, Md., REIT previously had sold one other building at the...
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved..