Montgomery Partners has paid $32 million, or $139,130/unit, for the 230-unit Keyway Apartments in Sparks, Nev. The Mill Valley, Calif., investor bought the property, at 1100 15th St., from Elan Multifamily Investments, a San Francisco syndicator, in a deal brokered...
Commercial Real Estate Direct Staff Report Chris McCormack, who has served as president and chief operating officer of alternative lender LoanCore Capital since its founding in 2008, is retiring, effective at the end of the month. He'll continue to serve in...
Commercial Observer CIM Group has secured $400 million of financing against the 745,000-square-foot office building at 1440 Broadway in Manhattan. JPMorgan Chase Bank provided a $300 million loan, which will be securitized in an upcoming, single-asset CMBS transaction, while Oaktree...
CIM Group has sold Uptown Station, the 397,000-square-foot creative-office building at 1955 Broadway in Oakland, Calif., to Mapletree Investments of Singapore. The property is said to have sold for $435 million, or nearly $1,096/sf, according to a report in the...
Class Amt $mln Sub Level% Avg Life (yrs) Rating S&P Rating Fitch Rating Kroll Price % Yield% Final Pricing (bp) Bnch mark A-1 11.15 30.00 3.08 AAA AAA AAA 100.000 0.640 +20 swaps A-2 73.85 30.00 4.92 AAA AAA AAA...
Commercial Real Estate Direct Staff Report Harbor Group International has paid $309 million for eight apartment properties with 2,322 units in North Carolina and Virginia. The Norfolk, Va., investment manager bought the portfolio from a venture of McDowell Properties of...
Starwood Property Trust has provided $155 million of financing for the construction of 23-30 Borden Ave., an 842,175-square-foot industrial property in the Long Island City section of Queens, N.Y. The property, on the site of a former warehouse for an...
Commercial Real Estate Direct Staff Report AvalonBay Communities Inc. started seeing signs of a recovery during the fourth quarter in markets that were hardest hit by the coronavirus pandemic. The Arlington, Va., REIT's 3,788 apartment units in New York saw...
PS Business Parks Inc. has named Mac Chandler chief executive and president, effective April 5. Chandler is replacing John Peterson, the company's chief investment officer who was named chief executive and president on an interim basis last April, when Maria Hawthorne...
Boston Globe Alexandria Real Estate Equities has agreed to acquire the 250,000-square-foot Watertown Mall in the Boston suburb of Watertown, Mass. The Pasadena, Calif., REIT is buying the property from Rosen Associates Management Corp. of New York. Alexandria is expected...
