Miami Beach, Fla., Hotel Fetches $25.5Mln
June 23, 2021
Sares Regis Pays $69.1Mln for Phoenix Apartment Property
June 23, 2021
Uncategorized
Proffitt Dixon Plans Mixed-Use Project for Suburban Charlotte, N.C.
Charlotte Business Journal Proffitt Dixon Partners has plans to build the Caroline mixed-use development in Cornelius, N.C., about 20 miles north of Charlotte, N.C. The property is being planned for 16.3 acres on South Street in the city's downtown area....
325-Unit Apartment Complex Planned for Parsippany, N.J.
Real Estate NJ Accurate Builders and Developers has acquired a development site at 100 and 125 Cherry Hill Road in Parsippany, N.J. The seller and purchase price were not disclosed. Cushman & Wakefield brokered the deal. Accurate, of Lakewood, N.J.,...
Sunstone Strikes Deal to Turn Over Hilton Times Square to CMBS Lender
Commercial Real Estate Direct Staff Report Sunstone Hotel Investors Inc. has turned over the 460-room Hilton Times Square hotel in Manhattan to its CMBS lender in a deed-of-lieu foreclosure. The property, in the 20 top floors of the 44-story building...
Washington, D.C., Office Building Trades for $58.5Mln
Commercial Observer TriTower Financial Group has paid $58.5 million, or $372.50/sf, for 1717 Rhode Island Ave. NW, a 157,050-square-foot office building in Washington, D.C. The Boston investment manager bought the property from BentallGreenOak in a deal brokered by JLL. The...
Ed Hussey Named Head of Agency Lending at Sabal Capital
Edward Hussey has joined Sabal Capital Partners as head of agency lending. Hussey, a 30-plus year veteran of the mortgage and commercial real estate industries, joins the Irvine, Calif., lender from Truist, where he headed agency loan production. He previously...
AMLI Plans 316-Unit Apartment Project for Miami’s Wynwood Arts District
South Florida Business Journal AMLI Residential has submitted a proposal to build a 316-unit apartment project in Miami's Wynwood Arts District. The residential developer is planning the property, dubbed AMLI Wynwood, for a 2.18-acre site at 70 NW 25th St....
Developer Secures $775Mln Construction Loan Against Boston Mixed-Use Project
Millennium Partners has secured $775 million of construction financing for the Winthrop Center mixed-use property in Boston. Cale Street Partners, a London investment firm backed by the Kuwait Investment Authority, provided the loan, which closed on Tuesday. Millennium, a New...
Credit Suisse Lends $224Mln to Help Fund RFR’s Purchase of Manhattan’s 522 Fifth Ave.
Commercial Real Estate Direct Staff Report Credit Suisse has provided $224 million of financing to help fund RFR Realty's acquisition of 522 Fifth Ave., a 575,000-square-foot office building in Manhattan. As reported, the New York investor acquired the property for $350...
INITIAL PRICING: Wells Fargo Commercial Mortgage Trust, 2020-C57
Class Amt $mln Sub Level% Avg Life (yrs) Rating Fitch Rating Kroll Rating Moody's Pricing % Yield% Final Pricing (bp) Bnch mark A-1 23.37 30.50 2.93 AAA AAA Aaa 99.997 0.893 +67 swaps A-SB 38.04 30.50 7.20 AAA AAA Aaa...
