144-Unit Apartment Property Opens in Arlington, Va.
April 19, 2024
CenterPoint Sells 3 Ill. Industrial Buildings for $125Mln
April 19, 2024
City: Southfield
$125.61Mln CMBS Loan on Detroit-Area Office Nears Maturity; Refinancing Doubtful
Commercial Real Estate Direct Staff Report With its maturity just weeks away, the $125.61 million CMBS loan against the 2.15 million-square-foot Southfield Town Center in the Detroit suburb of Southfield, Mich., has transferred to special servicer LNR Partners. The loan ...
Detroit-Area Retail Center Sells for $45Mln
Kaufman & Jacobs LLC has paid $45 million, or $232.14/unit, for Tel-Twelve Place, a 193,850-square-foot retail center in Southfield, Mich., which is 20 miles northwest of downtown Detroit. The Chicago investment firm purchased the property from RPT Realty, which was ...
Dwight Capital Lends $31Mln Against 2 Southfield, Mich., Apartment Properties
Dwight Capital has provided a total of $31 million of bridge financing to fund the purchase of two apartment properties in Southfield, Mich. The New York lender funded the loans through its Dwight Mortgage Trust REIT. They were arranged by ...
Greystone Writes $27.8Mln HUD Loan for Southfield, Mich., Apartments
Greystone has provided $27.8 million of financing under the U.S. Department of Housing and Urban Development's section 223(a)(7) program for the 383-unit Solaire Apartments in Southfield, Mich. The 35-year loan allowed Loop Investments of Lincolnwood, Ill., to retire a previous ...
Southfield Town Center
The property backs a total of $225 million of debt, including a $130 million piece that's securitized through Greenwich Capital Commercial Funding Corp., 2004-FL2. The remaining debt is comprised of a $70 million junior loan held by Metropolitan Life Insurance ...
Travelers Towers
52 percent occupied. It is comprised of the 458,116-sf Travelers Tower I, at 26555 Evergreen Road, and the 334,570-sf Travelers Tower II, at 26533 Evergreen Road.
One Northwestern Plaza/28411 Northwestern Highway
94 percent occupied. Bernard Financial Group arranged $17.9 million of financing for the purchase.
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