South Florida Business Journal Kamson Corp. has paid $90.5 million, or $189,331/unit, for Ponte Verde at Palm Beach Lakes, a 478-unit residential condominium community in West Palm Beach, Fla. The Englewood Cliffs, N.J., apartment owner purchased the complex from the ...
The property, which is being rebranded as Griffis North Olive, has a mix of studio-, one-, and two-bedroom units ranging from 584 to 1,050 square feet, with monthly rents between $2,612 and $3,469.
South Florida Business Journal Welltower Inc. has purchased the Arbor at Lake Worth, a 377‑unit assisted-living facility in Lake Worth, Fla., for $87.2 million, or about $231,300/unit. The Toledo, Ohio, company bought the property from Focus Healthcare Partners of Chicago, ...
South Florida Business Journal Griffis Residential has paid $78.5 million, or $298,479/unit, for Loftin Place, a 263-unit apartment property in West Palm Beach, Fla. The Denver real estate company purchased the complex from Castle Lanterra of Suffern, N.Y., which had bought ...
South Florida Business Journal Madison Realty Capital has provided $200 million of financing for the construction of the Ritz-Carlton Residences in West Palm Beach, Fla. The New York company provided the loan to a venture of Related Group of Miami and ...
South Florida Business Journal An affiliate of Southpoint Financial Services has lined up $45.77 million of financing for the construction of Calusa Pointe II, a 168-unit affordable housing complex in Belle Glade, Fla. TD Bank provided a $34 million construction ...
South Florida Business Journal Related Ross has lined up $157 million of construction financing for the Shorecrest luxury condominium project in West Palm Beach, Fla. GoldenTree Asset Management provided the loan. Related Ross, a West Palm Beach, Fla., developer led ...
South Florida Business Journal Cabot Properties has purchased two industrial buildings totaling 316,978 square feet at 1673 and 1715 Meathe Drive in Palm Beach County, Fla., for $79.6 million, or $251.12/sf. The Boston company purchased the properties from Dalfen Industrial ...
PCCP LLC has provided $41.25 million of senior financing against the 182-unit Sovana at Stuart active-adult residential property in the southeast Florida city of Stuart. The two-building property, at 1900 Northwest Federal Highway, just off U.S. Route 1, was developed ...
South Florida Business Journal Related Ross has lined up $772 million of financing for the construction of two office buildings totaling nearly 1 million square feet in downtown West Palm Beach, Fla. The local developer, led by Stephen M. Ross, ...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
