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...
Commercial Real Estate Direct Staff Report Net Lease Office Properties has sold the two-building office property at 1800 and 3400 Yankee Doodle Road in the Minneapolis suburb of Eagan, Minn., for $60.7 million, or $174.69/sf. The New York...
Portland Business Journal Park Square, a 296,000-square-foot office property in Portland, Ore., is scheduled to be offered at a foreclosure auction on Oct. 30. The property, at 100 SW Market St., is encumbered by a $40.3 million loan...
Pinnacle has lined up $47.3 million of financing for the construction of the 120-unit second phase of the Old Cutler Village affordable-housing complex at 10455 Old Cutler Road in Miami. Pinnacle, a Miami developer, lined up a $9.1...
Commercial Real Estate Direct Staff Report The Kingswood Center mixed-use property in Brooklyn, N.Y., has had its appraised value reduced by 49 percent to $49.5 million. The 129,028-square-foot mixed-use property, at 1630 East 15th St., which is owned...
Commercial Observer Stillwater Capital has lined up $55.3 million of financing against Crystal Springs, a 387-unit apartment property in downtown Fort Worth, Texas. Affinius Capital provided the loan. The two-building property opened last year at 5332 Trinity River...
Blackstone Mortgage Trust Inc., the country's largest mortgage REIT, has formed a partnership with M&T Realty Corp., giving it the ability to offer its borrower clients agency financing for their apartment properties. M&T, a unit of M&T Bank,...
Commercial Observer Goldman Sachs has provided $120 million of financing to fund TZ Capital's $180 million purchase of the 34,000 square feet of retail space at 680 Madison Ave., the former Carlton House building on Manhattan's Upper East...
Beach Point Capital Management has provided $39.6 million of short-term financing, allowing Basis Industrial to refinance a loan against a 60,000-square-foot warehouse in Armonk, N.Y., and its planned development of a self-storage facility and pickleball facility on an...
Multi-Housing News A venture of Accesso and The Meyers Group has lined up $88 million of financing against Avery Dania East, a 336-unit apartment complex in Dania Beach, Fla. BlackRock Realty Advisors provided $80 million, while SteepRock provided...
Dallas Business Journal The 381-unit 3700M apartment building in Dallas is expected to be offered at a July 2 foreclosure auction, according to a notice filed this week with Dallas County. Vero Sade of Houston bought the property...
Commercial Real Estate Direct Staff Report A fund managed by Blue Owl Capital has paid $35.5 million, or $390.66/sf, for the 90,871-square-foot research and development property at 1010 Rincon Circle in San Jose, Calif. The price was first...
Knighthead Funding has provided $22 million of financing against The Luna, a recently completed apartment property with 108 units in Nashville, Tenn. The two-year loan, which pays a fixed coupon, allows the property's developer, CA South of Nashville,...
ConnectCRE BlackRock's US Real Estate Debt team has provided $38.5 million of financing to facilitate the purchase of Chandler Airport Business Park, a 318,683-square-foot industrial property in Chandler, Ariz. Cushman & Wakefield arranged the floating-rate debt. CapRock Partners...
Thompson Thrift has raised $270 million of equity commitments for an investment vehicle that will fund the development and construction of apartment properties in certain suburban markets across the country. The Indianapolis investment manager was founded by John...
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