General News

Class Amt $mln Sub Level% Avg Life (yrs) Rating Fitch Rating Moody's Rating DBRSM Pricing % Yield% Final Pricing (bp) Bnch mark A-1 26.40 30.00 2.69 AAA Aaa AAA 100.000 0.542 +26 swaps A-SB 29.80 30.00 7.21 AAA Aaa AAA...

Breakthrough Properties, which was formed last year by a venture of Tishman Speyer Properties and Bellco Capital, has completed raising more than $1 billion for a commingled fund and co-investments that would be used to fund the development and purchase of...

A Drucker + Falk affiliate has acquired the 240-unit Point at Hampton Hollow Apartments in Silver Spring, Md., for $49 million, or $204,167/unit. The three-story property, at 3408 Hampton Hollow Drive, was built in 1987 and last was owned by...

Embrey Partners has sold the 300-unit Riata apartment complex in Chandler, Ariz., for $91 million, or $303,333/unit. The San Antonio developer sold the newly constructed property, at 100 North Hearthstone Way, to EPI LP, a Fullerton, Calif., family trust that...

Jacksonville Business Journal Bridge Acquisitions has paid $57.7 million, or about $142,469/unit, for the 405-unit Westland Park Apartments in Jacksonville, Fla. DRA Advisors sold the propertywhich it had bought in 2012 as part of a larger portfolio. CBRE negotiated the latest...

Commercial Real Estate Direct Staff Report The $180 million mortgage against the Quaker Bridge Mall, a 1.1 million-square-foot enclosed mall near Princeton, N.J., has defaulted and the holder of a subordinate slice has indicated it won't cure the default. That'll...

Todd Hartman, who was senior vice president of Ivanhoe Cambridge's U.S. western region, has joined Corporate Office Properties Trust as chief operating officer and executive vice president, effective Nov. 30. The 25-year industry veteran is charged with managing the Columbia,...

Dwight Capital has hired Ryan Miles as its chief LEAN/Healthcare loan underwriter. Miles joins the New York lender, the most-active and dedicated U.S. Department of Housing and Urban Development, or HUD, lender in the country, from Lancaster Pollard of Columbus,...

Commercial Real Estate Direct Staff Report The $60.6 million CMBS loan against the Jefferson Mall shopping center in Louisville, Ky., has been extended by four years through June 2026. The loan, securitized through JPMorgan Chase Commercial Mortgage Securities Trust, 2012-CIBX,...

Asia Capital Real Estate has provided $78.5 million of financing against the 288-unit City Club Detroit apartment property in downtown Detroit. The six-story complex, which is expected to open to tenants next month, is being developed by City Club Apartments...