Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Moody's Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 6.68 30.00 2.75 AAA Aaa AAA 99.999 5.499 +85 J-spread A-2 65.79...
Commercial Real Estate Direct Staff Report The $124.21 million CMBS loan against the 249-room Royalton Park Avenue Hotel in Manhattan has reached its extended maturity without a payoff. So, it's been transferred to special servicer LNR Partners for...
Commercial Property Executive GPR Ventures has paid $42.7 million, or $127.20/sf, for Capitol Industrial Center North & South, a 335,701-square-foot industrial property in Sacramento, Calif. The Campbell, Calif., company purchased the property from BKM Capital Partners. City National...
Crain's New York Business The Vornado Realty Trust venture that owns the 315,000-square-foot office building at 640 Fifth Ave. in midtown Manhattan has paid off its $500 million mortgage, ponying up $100 million of fresh equity and a...
Commercial Real Estate Direct Staff Report The Commodity Futures Trading Commission's plan to relocate from the Lafayette Centre in Washington, D.C., has prompted the transfer of the office property's $243 million CMBS loan to special servicer Rialto Capital...
Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Moody's Rating DBRS Price % Yield % Final Pricing (bp) Bnch mrk A-1 0.925 30.00 2.51 AAA Aaa AAA J-spread A-2 55.00 30.00 4.67 AAA...
Commercial Real Estate Direct Staff Report Praedium Group has paid $64 million, or $264,462/unit, for Livano Deer Valley, a 242-unit apartment property in Phoenix. The New York investment manager purchased the property from its developer, LIV Development, in...
Commercial Real Estate Direct Staff Report Arbor Realty Trust has provided $23.08 million of Fannie Mae financing against the 194-unit North Mountain Foothills apartment property in Phoenix. Tower Capital arranged the loan on behalf of the property's owner,...
Alternative lender 3650 REIT has provided $50 million of financing to fund the completion of the 62-unit 1 Park Row residential condominium property in lower Manhattan. The Miami lender funded the loan through its bridge and event-driven lending...
Blue Arch Capital has paid $15.25 million, or $169.30/sf, for Doctors Medical Park, a 90,076-square-foot medical-office property in the Washington, D.C., suburb of Silver Spring, Md. The Aventura, Fla., investment manager bought the property from Medical Center Associates...
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...
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved..