City: Albany

Multi-Housing News Five Star Bank has provided $49.5 million of financing for the second phase of the GrandeVille at Malta apartment project in Malta, N.Y., about 25 miles north of Albany, N.Y. LeCesse Development is the project's developer. It will ...

Commercial Real Estate Direct Staff Report Fitch Ratings has downgraded five classes of COMM, 2012-CCRE1, because of concerns it has with the ability of two large mall loans to get refinanced by their maturity. The transaction has been whittled down ...

Commercial Real Estate Direct Staff Report Argentic Real Estate Finance has provided a mortgage against the Crossgates Commons shopping center in Albany, N.Y., allowing the property's owner, Pyramid Cos., to refinance $29.8 million of CMBS financing against the retail property. ...

Dwight Capital has provided $28.7 million of financing under the U.S. Department of Housing and Urban Development's section 223(f) program for the Albany Lofts at One Broadway, a 145-unit apartment property north of Albany, N.Y. The loan allowed the property's ...

Commercial Real Estate Direct Staff Report The $217.7 million CMBS loan against the Crossgates Mall in Albany, N.Y., which transferred to special servicing in April, has been modified, with its principal and interest payments deferred through at least next month ...

Commercial Real Estate Direct Staff Report The Davis Cos. has paid $73.7 million, or $117/sf, for the 629,575-square-foot Latham Farms shopping center in Latham, N.Y., an Albany, N.Y., suburb. The Boston real estate investor bought the property from Kimco Realty ...

Nigro Cos., an Albany, N.Y., developer, has paid $49.3 million, or $112.50/sf, for Wilton Square, a 438,097-square-foot retail center in Saratoga Springs, N.Y. The property was purchased from Retail Properties of America Inc. in a deal brokered by CBRE's national ...

Albany Business Journal A group of Brooklyn, N.Y., investors has paid $33 million, or roughly $194/sf, for 677 Broadway, a 170,000-square-foot office building in Albany, N.Y. It acquired the 12-story building from Columbia Development Cos. The property serves as collateral ...