Lument has provided $30 million of Freddie Mac financing against the 202-unit Townes at the Terrace apartment property in Baltimore's Poppleton area. The property, at 800 West Saratoga St., is owned by the Housing Authority of Baltimore City,...
Commercial Observer Nuveen Real Estate has provided a $47 million loan against the 1,959-unit Storage Post East Village self-storage property at 444 East 10th St. in Manhattan’s East Village. The property is owned by a venture of Storage...
Commercial Real Estate Direct Staff Report Unable to line up sufficient financing to take out the $132 million mortgage against the 537,046-square-foot Millennium Corporate Park office property in suburban Seattle, the property's owner is seeking to get the...
OakNorth Bank has provided $60.7 million of financing to help fund an $81 million loan that S3 Capital provided for the construction of a 68-unit residential condominium building in the Greenpoint area of Brooklyn, N.Y. The property, at 19-29...
Panepinto Properties has lined up a $78 million preferred equity investment from Affinius Capital for its development of the 678-unit Harborside 8 apartment property in Jersey City, N.J. The Jersey City developer also lined up $306 million of...
Commercial Real Estate Direct Staff Report Home Depot has exited its 600,000-square-foot lease at Central Missouri Distribution Center, a 900,000-sf industrial property in Mexico, Mo., which is midway between Kansas City and St. Louis. The home improvement retailer's...
Commercial Property Executive Space Investment Partners has paid $64 million, or $518.63/sf, for Topanga Gateway, a 123,402-square-foot retail center in Woodland Hills, Calif., a city that's 24 miles northwest of Los Angeles. The Newport Beach, Calif., real estate...
Commercial Real Estate Direct Staff Report A venture of Bender Cos. and Eastham Capital has paid $75.3 million, or $147,937/unit, for the 509-unit Element apartment property in the Chicago suburb of Mount Prospect, Ill. Bender, of Chicago, and...
Commercial Real Estate Direct Staff Report Net cash flow at the 289,594 square feet of office space housed in the top 23 floors of the 625 North Michigan Ave. building in downtown Chicago has declined to the point...
Commercial Real Estate Direct Staff Report Wells Fargo Bank has provided $3.15 billion of Fannie Mae mortgage financing against the 11,244-unit Stuyvesant Town/Peter Cooper Village apartment complex in Manhattan. The loan will allow the property's owner, a venture...
Commercial Real Estate Direct Staff Report Morgan Stanley Investment Management's entry into the non-traded REIT sector, North Haven Net REIT, has paid $211.4 million, or $300.40/sf, for the 703,728-square-foot industrial property at 9785 Bellanca Ave. in Los Angeles....
Atlanta Business Chronicle Woodfield Development has lined up $47 million of floating-rate financing against the recently completed Union Green apartment property in the Atlanta suburb of Union City, Ga. The Raleigh, N.C., real estate investment firm obtained the...
Commercial Real Estate Direct Staff Report Clipper Realty Trust has all but given up on the 250 Livingston St. mixed-use building in Brooklyn, N.Y., and is aiming to sell it. The 12-story building, with an alternate address of...
PCCP LLC has provided $66 million of financing for the construction of the 300-unit Boggy Creek apartment property in the Lake Nona neighborhood of Orlando, Fla. The garden-style property is being developed by Embrey of San Antonio on...
Commercial Observer David Werner Real Estate Investments is nearing a deal to pay $270 million, or $310.34/sf, for the 870,000-square-foot One Dag Hammarskjold Plaza office property near the United Nations Building in Manhattan's Kips Bay area. The New...
Commercial Real Estate Direct Staff Report Hines Global Income Trust Inc. has paid $203 million, or $411.76/sf, for the 493,000-square-foot Clay Terrace retail center in Carmel, Ind., a city that's 25 miles north of Indianapolis. The Houston REIT,...
Panepinto Properties has paid $75 million for a 4.2-acre site at 3 Second St. and 242 Hudson St. in Jersey City, N.J. The local developer bought the property from Veris Residential, a Jersey City REIT, in a deal...
Crain's Chicago Business Antheus Capital has paid $58 million, or $143,920/bed, for Vue53, a student-housing community with 403 beds near the campus of the University of Chicago. The Englewood, N.J., investment firm acquired the property, at 1342-1346 East...
Commercial Real Estate Direct Staff Report StoneBridge Investments has paid $62.7 million, or $209,000/unit, for the 300-unit Luxe at 1820 apartment property in the Tampa, Fla., suburb of Bradenton, Fla. The Washington, D.C., investor, a unit of Timeless...
Atlanta Business Chronicle Professional Equity Management has bought Series at Riverview Landing, a 270-unit apartment complex in Mableton, Ga., for $70 million, or $259,259/unit. The Phoenix apartment investment firm purchased the four-story property from Prestwick Cos., which completed...
Commercial Real Estate Direct Staff Report A venture of Hines and funds managed by Walton Street Capital has sold the 228,548-square-foot Raceway Industrial property in Carlsbad, Calif., for $72.9 million, or $318.97/sf. Hines, of Houston, and Walton Street,...
Webster Bank and Rockland Trust have teamed to provide $31 million of financing for the construction of a 75,000-square-foot community center in Dorchester, Mass. The two banks are equally financing the $75 million project, The FieldHouse+, which is...
Commercial Observer Pacific Urban Investors has paid $114 million, or $400,000/unit, for the 285-unit Park Place at Van Dorn apartment property in the Washington, D.C., suburb of Alexandria, Va. The Palo Alto, Calif., investor acquired the property, at...
Commercial Real Estate Direct Staff Report American Strategic Investment Co. has agreed to turn over to its lender the 247,182-square-foot 1140 Ave. of the Americas office building in Midtown Manhattan through a consensual foreclosure. The action was expected,...
Commercial Real Estate Direct Staff Report The $32.43 million CMBS loan against the 151-unit Brush Factory Lofts apartment property in South Philadelphia, which has been chronically delinquent, was recently reclassified as being in foreclosure. The loan, securitized through...
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