389-Unit Apartment Property Opens in Morgan Hill, Calif.
April 24, 2024
SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
April 24, 2024
96 percent occupied.
fully leased. The buyer funded its purchase with a $10.8 million mortgage provided by Southside Bank of Tyler, Texas. The loan has a three-year term and pays a rate pegged to Libor plus 250 basis points.
The buyer has lined up a $51 million bridge loan from the Blackstone Group against the buildings: 125 East John Carpenter Freeway, with 399,759 sf, and 5100 North O'Connor Blvd., with 43,514 sf. The two are in the Las Colinas ...
98.3 percent occupied. The property had served in the collateral pool for some $321.8 million of debt that was securitized through JPMorgan Chase Commercial Mortgage Securities Trust, 2011-FL1. But the portion backed by the Point at Las Colinas has been ...
The property has been renamed the Colonial Reserve at Las Colinas
83 percent leased.
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© 2023 Commercial Real Estate Direct All rights reserved..