Commercial Real Estate Direct Staff Report CIM Group has provided $125 million of financing for the expansion of HPC Campus, a 342,000-square-foot data center in Ellendale, N.D. The balance of the financing has the potential to increase to...
Commercial Real Estate Direct Staff Report A venture of Namdar Realty Group, Mason Asset Management and CH Capital Group has paid $15.75 million for the Westgate Mall in Spartanburg, S.C. The sale, completed last week, resolves what originally...
Tampa Bay Business Journal Strategic Facility Partners has bought The Henry, a 537-bed student-housing property in downtown Tampa, Fla., for $128.1 million, or about $238,547/bed. The Columbus, Ohio, nonprofit purchased the 23-story property, with 188 units at 100...
Commercial Real Estate Direct Staff Report Berkadia has hired Louis Friedel as senior managing director of the company's Los Angeles and San Francisco mortgage banking offices. Friedel joins the brokerage from TPG Angelo Gordon, where he was managing...
Commercial Observer Azora Exan has paid $47.9 million, or $748,437/room, for the 64-room hotel at 1149 Broadway in the Flatiron section of Manhattan. The U.S. arm of European real estate investor Azora acquired the property from Premier Equities...
BWE has provided $39.5 million of financing under the U.S. Department of Housing and Urban Development's 221(d)(4) program for the construction of Pueblo Springs, a 199-unit apartment property in Pueblo, Colo. The loan, which can transition to permanent...
Commercial Real Estate Direct Staff Report The appraised value of the Capital Bank Plaza in Raleigh, N.C., has been reduced to $18.2 million. That's down from $32 million in 2017 and is less than the $21.2 million loan...
The Real Deal Brookfield Properties is offering for sale the 1,193-unit apartment building at 3333 Broadway in the Morningside Heights section of Manhattan. The New York private equity company owns the property in a venture with Urban Asset...
Commercial Real Estate Direct Staff Report Hines has paid $57 million, or $587,628/sf, for Rise Walnut Creek, a 97-unit apartment property in Walnut Creek, Calif. The sales price was first reported by SiliconValley.com. The Houston real estate company...
The Real Deal Column Financial has filed to foreclose on the $168.5 million loan against 522 Fifth Ave., a 536,520-square-foot office building in Manhattan. The property is owned by RFR Holdings of New York, which hasn't made a...
ConnectCRE ACORE Capital has provided a $69.1 million loan against The Ideal Building, a 618,414-square-foot industrial property at 184-10 and 184-60 Jamaica Ave. in Queens, N.Y. A venture of The KABR Group and FCA-Orbita Group owns the property,...
Crain's Chicago Business Wells Fargo Bank has provided $415 million of financing against the One Chicago mixed-use property in Chicago's River North neighborhood. The financing has a three-year term, pays a 6.4 to 6.8 percent coupon and is...
Affinius Capital has provided a $52 million loan for the acquisition of The Knox, a 110-unit apartment property in the Murray Hill section of Manhattan. Four Winds Real Estate of New York purchased the property, at 49 East...
Commercial Real Estate Direct Staff Report Weidner Apartment Homes has paid $77 million, or $291,667/unit, for the Artisan, a 264-unit apartment property in Sacramento, Calif. The Kirkland, Wash., investor purchased the property from Sequoia Equities and Coit Financial...
The Real Deal Fortress Investment Group's planned foreclosure against a portfolio of real estate in Florida, Manhattan and Westchester County, N.Y., owned by Cohen Brothers Realty Corp. has been brought to halt. A New York Supreme Court judge...
Commercial Real Estate Direct Staff Report The Commercial Real Estate Finance Council's annual conference, held this week at the Marriott Marquis hotel in midtown Manhattan, drew 1,250 registered attendees. That number grew as some had signed up at...
BisNow Republic Properties Corp. has lined up $96.5 million of financing against Portals II, a 633,800-square-foot office building in Washington, D.C. Proceeds from the loan will be used to retire $130 million of debt that U.S. Bank had...
Crain's New York Business The buzz is that a venture of Empire Capital Holdings and Namdar Realty Group has agreed to pay less than $50 million for the 220,000-square-foot office property at 321 West 44th St. in the...
Dwight Capital has provided $58.6 million of financing under the U.S. Department of Housing and Urban Development's 223(f) program for the Residences at Town Square mixed-use complex in Amarillo, Texas. The loan was arranged by Greysteel on behalf...
PGIM Real Estate has provided a $78 million loan against a four-building industrial property with 830,000 square feet at 1747 East Patapsco Ave. in Baltimore. The property was developed by a venture of Northpoint Development of Kansas City,...
The Real Deal Douglaston Development has paid $114.5 million, or $1,272/unit, for the 90-unit apartment property at 1450 Third Ave. in the Upper East Side of Manhattan. The New York developer is planning on knocking down part of...
AZ Big Media A venture of Kairoi Residential and German American Realty has paid $161.4 million, or $442,191/unit, for The Carter, a 365-unit apartment property in Scottsdale, Ariz. Kairoi, of San Antonio, and German American Realty, of Cologne,...
South Florida Business Journal Tishman Speyer has bought the Rock Lake Business Park in Pompano Beach, Fla., for $101.15 million. The New York investor purchased the industrial property from IDI Logistics of Atlanta. Rock Lake Business Park sits...
Bank Hapoalim has provided a $41 million fixed-rate loan against the 146-room Aloft by Marriott New York Brooklyn. Lam Group of New York owns the 24-story property, at 216 Duffield St. in Brooklyn, N.Y. The hotel was built...
Commercial Property Executive Mark Heymann has paid $44.3 million, or $82.83/sf, for Sky Harbor Center, a 534,849-square-foot office property in Phoenix. The Dallas investor purchased the five-building property from Link Logistics, a Blackstone Group affiliate that was represented...
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