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Commercial Real Estate Direct Staff Report The $258.4 million loan against Philadelphia Mills, a 1.58 million-square-foot shopping mall in Philadelphia, has been transferred to special servicing due to imminent default. The transfer, to Greystone Servicing Co., was highlighted late last...
REBusiness Online Chavez Management Group has paid $44.5 million, or $106.21/sf, for Natomas Corporate Center, a 419,000-square-foot office property in Sacramento, Calif. The Burlingame, Calif., company purchased the property from Bannon Investments Ltd., which was represented by Avison Young. Natomas...
Commercial Observer Bank of Montreal and Argentic Investment Management have provided $117 million of financing against Sunrise Tower, the 238-unit apartment property at 620 West 153rd St. in the Harlem section of Manhattan. Bank of Montreal provided about $75 million,...
Commercial Real Estate Direct Staff Report A venture of SL Green Realty Corp. and PGIM Real Estate has secured an extension for the $360 million loan against 100 Park Ave., an 874,022-square-foot office building in Manhattan. The loan, initially scheduled...
Chicago Business Journal CenterPoint Properties has sold a portfolio of three nearby industrial buildings totaling 1.7 million square feet in Elwood, Ill., for $125 million, or about $73.53/sf. The Oak Brook, Ill., company sold the properties to Stonepeak, a New...
South Florida Business Journal An affiliate of Hillwood has bought the 1 million-square-foot distribution center at 14490 Corporate Road North in Jupiter, Fla., for $106.5 million, or $106.50/sf. The Dallas company, an affiliate of The Perot Cos., purchased the property...
Commercial Real Estate Direct Staff Report Interstate Equities Corp. has recapitalized the Gates at Marina Apartments in Marina, Calif., in a deal that values the 136-unit property at $45 million, or $330,882/unit. The recapitalization involved bringing in a fund managed...
Commercial Real Estate Direct Staff Report Northmarq has arranged $35 million of financing against Lodge at Mallard's Landing, a seniors-housing property with 147 units in Gig Harbor, Wash. The financing, which was provided by an unnamed life insurance company, has...
Commercial Real Estate Direct Staff Report The 120,215-square-foot office building at 717 14th St. in Washington, D.C., was appraised recently at a value of $10.5 million. That's down 81 percent from the $56 million value pegged to it 10 years...
The Real Deal Continental Realty Corp. has paid $78.4 million, or $276,056/unit, for Sixteen30, a 284-unit apartment complex in Plainfield, Ill. The Baltimore investment manager purchased the property from its developer, Wingspan Development, which had spent $60 million building it....
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