General News

Charlotte Business Journal Ram Realty Advisors has sold The Collective, a 250-unit apartment property in Charlotte, N.C., for $72 million, or $288,000/unit. The Charlotte company sold the complex, at 2300 North Davidson St., to AMAC Holdings. The Collective is 97...

Commercial Real Estate Direct Staff Report Shoppes at Buckland Hills has been hit with a $27.3 million appraisal reduction amount. The loan, which has amortized to $109.22 million, is securitized through Morgan Stanley Capital I Inc., 2012-C4, and has been...

Affiliates of KKR & Co. have provided $468.7 million of financing for the construction of the Artise, a 609,000-square-foot office property in downtown Bellevue, Wash. The loan was arranged by JLL Capital Markets. The 25-story property, at 788 106th Ave....

Class Amt $mln Sub Level% Avg Life (yrs) Rating S&P Rating Fitch Rating Kroll Price % Yield% Final Pricing (bp) Bnch mark A-1 20.71 30.00 2.71 AAA AAA AAA 100.000 0.700 +18 swaps A-2 78.53 30.00 4.96 AAA AAA AAA...

Tara Investment Group has paid $33.75 million, or $164,634/unit, for the Ledges at West Campus, a 205-unit apartment property in Tucson, Ariz. The Montecito, Calif., company, an affiliate of Shefflin Investments, purchased the property from Berger Investment Group of Pittsburgh,...

Commercial Real Estate Direct Staff Report A total of 18 leases for 875,669 square feet of office space were signed in Chicago's central business district during the second quarter - the largest quarterly total since the coronavirus pandemic got underway,...

Commercial Real Estate Direct Staff Report Citigroup has provided $48.9 million of financing to help fund American Landmark Apartments' acquisition of what's now the 338-unit 8 Metro Station apartments in Charlotte, N.C. As reported, the Tampa, Fla., company bought the property,...

Commercial Real Estate Direct Staff Report The venture between Blackstone Group and TruAmerica Multifamily that earlier this year bought a portfolio of 66 apartment properties with 5,800 units in San Diego has lined up $890 million of financing against 32 of...

CIM Group has provided $67.5 million of financing to help fund the purchase and renovation of the 189-room Villa Florence hotel in San Francisco. As reported, a venture of AWH Partners and the Roxborough Group bought the property for $87.5 million,...

The Real Deal HUBBNYC has paid $105 million, or $744,681/unit, for the 141-unit apartment property at 56 West 125th St. in Manhattan's Harlem neighborhood. The New York company bought the 17-story building from the Jay Group of Brooklyn, N.Y., which...