The Real Deal Sovereign Partners has paid $178 million, or $349.01/sf, for the 510,000-square-foot office property at 780 Third Ave. in midtown Manhattan. The property, which was built in 1983, was sold by Nuveen Real Estate of New...
Commercial Real Estate Direct Staff Report Northmarq has written a $26 million Fannie Mae loan against the 360-unit Diamond Sands Apartments in Las Vegas. The 10-year loan requires only interest payments for its entire term and pays a...
Commercial Real Estate Direct Staff Report A venture led by Ulysses Development Group has paid $39 million, or $325,000/unit, for the 120-unit Eagle Villas Apartments in Eagle, Colo. Ulysses, of Denver, partnered on the transaction with the Eagle...
Trinity Financial, which is redeveloping the historic Aeolian Co. building in Meriden, Conn., into 82 apartment units, has lined up a total of $78.4 million of equity and debt financing for the project. KeyBank led the financing. Its...
Commercial Real Estate Direct Staff Report Menlo Equities, owner of the 360,864-square-foot office property at 2941 Fairview Park Drive in Falls Church, Va., has requested that the property's $90 million loan be transferred to special servicing so it...
Commercial Observer Principal Financial Services has filed a motion to foreclose on the $60.6 million loan it holds against the 176,016-square-foot Liberty Building at 1129 20th St. NW in Washington, D.C. The building is owned by a venture...
Bravo Capital has originated a $57.8 million loan under the U.S. Department of Housing and Urban Development's 223(f) program for the 200-unit Ithacan Residences apartment property in Ithaca, N.Y. Loans under the program typically are written to fully...
Commercial Property Executive Voya Investment Management has provided $67 million of financing to facilitate LM Real Estate Partners' purchase of the Premier Distribution Center, a 1.4 million-square-foot industrial complex in Charlotte, N.C. LM, of New York, purchased the...
Commercial Real Estate Direct Staff Report The 1.1 million-square-foot office building at 1407 Broadway in the Times Square South area of Manhattan has been appraised at a value of $136 million. That compares with the building's $510 million...
Crain's Chicago Business MLG Capital has paid $48 million, or $176,470/unit, for Orchard Village, a 272-unit apartment property in Aurora, Ill. The Brookfield, Wis., investment manager purchased the property from National Property REIT, which was an equity investor...
PincusCo.com Northwestern Mutual Life Insurance has provided a $165 million loan against the 387-unit Capitol Chelsea apartment property at 776 Sixth Ave. in Manhattan's Chelsea neighborhood. The 37-story property is owned by JPMorgan Asset Management, which had acquired...
Commercial Real Estate Direct Staff Report The 185,233-square-foot office building at 25 West 45th St. in midtown Manhattan, whose $63.95 million CMBS loan had transferred to special servicing last November, has been appraised at a value of $65 million....
The Real Deal Barclays Capital has provided $290 million of financing against the 512-room TWA Hotel at John F. Kennedy International Airport in Queens, N.Y. The property is owned by MCR Hotels of New York. The financing provided...
Boston Business Journal Grossman Cos. has paid $41.5 million, or $415/sf, for the 100,000-square-foot retail property at 130-132 Granite St. in the Boston suburb of Quincy, Mass. The local investor acquired the property from Regency Centers of Jacksonville,...
Crain's New York Business The CMBS loan against 731 Lexington Ave., a 1.3 million-square-foot office building in midtown Manhattan that serves as Bloomberg's headquarters, has been extended through October. The loan, with a $500 million balance, has been...
Commercial Real Estate Direct Staff Report The 355,127-square-foot office building at 65 Broadway in lower Manhattan has been re-appraised at a value of $104.3 million, nearly one-third less than is owed against it. The 21-story building, owned by...
St. Louis Business Journal CBRE, a court-appointed receiver, is offering for sale Bank of America Plaza, a 759,608-square-foot office property in St. Louis. The property, at 800 Market St., was placed in receivership earlier this year after its...
REBusiness Online Gortikov Capital has arranged $101 million of financing against the Clarendon, a 335-unit apartment property in Woodland Hills, Calif. The financing has a two-year term and pays a floating rate. It was provided by an unnamed...
S3 Capital Partners has provided $32 million of financing for the development of a 69-unit apartment property at 2700 Church Ave. in the Flatbush section of Brooklyn, N.Y. The property is being developed by Triple C Builders of...
Commercial Real Estate Direct Staff Report Blue Owl Capital Corp. has paid $40.6 million, or $351.02/sf, for the 115,664-square-foot industrial property at 21435 County Road 98 in Woodland Hills, Calif. The New York investment manager purchased the property...
Commercial Real Estate Direct Staff Report Macerich Co. is turning over Santa Monica Place, a 523,139 square foot shopping mall in Santa Monica, Calif., to its lender, a CMBS trust that holds a $300 million loan against it....
Commercial Real Estate Direct Staff Report The $400 million of financing that a Vornado Realty Trust venture had lined up for the 314,533-square-foot building at 640 Fifth Ave. in midtown Manhattan is comprised of a $300 million senior...
Commercial Real Estate Direct Staff Report The two office/retail buildings at 427 and 459 Broadway in Manhattan's SoHo area have been appraised at a value of $61.6 million, well less than the $76.5 million of mortgage debt against...
Commercial Real Estate Direct Staff Report Calmwater Capital has provided $34 million of mortgage financing for the 146-unit Oxford Vista apartment property in Englewood, Colo. The loan, with a 2.5-year term, allowed the property's owner, Prime Co. of...
Commercial Observer PGIM Real Estate has provided a $100 million loan against a portfolio of four self-storage properties with 443,000 square feet in New York City. The portfolio is owned by a venture of Carlyle Group and Sabharwal...
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