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Nationwide has provided $100 million of financing against a portfolio of industrial properties totaling 824,546 square feet in South Florida. JLL Capital Markets arranged the loan on behalf of the borrower, Seagis Property Group of Conshohocken, Pa. The loan pays...
MassHousing and Rockport Mortgage Corp. have provided $94 million of financing against Westminster Village Arms, a 432-unit apartment property in Lowell, Mass., about 36 miles north of Boston. The 35-year loan was provided through MassHousing's Accelerated Processing and Ginnie Mae...
Commercial Real Estate Direct Staff Report The $120.46 million of financing against Yorktown Center, a 787,389-square-foot retail center in Lombard, Ill., has transferred to special servicer KeyBank as it was not paid off at its maturity. The transfer was highlighted...
Black Lion has bought the Lincoln office and retail building, with 118,658 square feet in Miami Beach, Fla., for $62.5 million, or about $526.72/sf. The developer, with offices in Miami and Los Angeles, purchased the six-story property from Clarion Partners...
Commercial Real Estate Direct Staff Report The 205-room Westin Portland hotel in Portland, Ore., was appraised recently at value of $33.2 million, about 34 percent less than the $50.43 million of mortgage debt against it. The latest appraisal, which was...
Terreno Realty Corp. has paid $84.3 million for a four-building industrial property at 6584-6674 Fleet Drive in the Washington, D.C., suburb of Alexandria, Va. The Bellevue, Wash., investor bought the 357,000-square-foot property from an undisclosed seller. The property, about two...
Commercial Real Estate Direct Staff Report KKR & Co. Inc. has taken control of Chevy Chase Plaza, a 161,515-square-foot office property in the Friendship Heights section of Washington, D.C., through a deed-in-lieu of foreclosure. The New York investor had assumed...
Commercial Real Estate Direct Staff Report New York Life Insurance Co. has provided $40 million of financing to facilitate Decron Properties' $69 million, or $259,398/unit, purchase of Hangar at Thunderbird, a 266-unit apartment property in Glendale, Ariz. The Los Angeles...
The Real Deal Barclays and PPM America have hired Newmark to market for sale the 267,641-square-foot office property at 360 Lexington Ave. in midtown Manhattan. The lenders took the property through foreclosure last year after its owner, Savanna, defaulted on...
The maturity date for the $1.08 billion CMBS loan against the 1.5 million-square-foot office building at 280 Park Ave. in midtown Manhattan has been extended to September 2026, with additional options to push it to September 2028. The property is...
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