Mesa West Capital has provided $66.25 million of short-term financing against the recently completed, 264-unit Nova at East Park Village apartment property in Orlando, Fla. The loan, arranged by JLL Capital Markets, allowed the property's owner, EPV Development,...
Boston Business Journal Morgan Stanley has paid $157 million, or $424,324/unit, for the 370-unit Alta on the Row apartment property in Worcester, Mass. The investment giant acquired the property from Wood Partners of Atlanta, which developed it on...
The Real Deal The venture of Rockwood Capital and Midtown Equities that owns the 230,000-square-foot office property at 1 Broadway in Manhattan has put the building on the sales block and is seeking $180 million. The venture bought the...
Commercial Real Estate Direct Staff Report JPMorgan Chase Bank, Deutsche Bank, and Goldman Sachs Bank are providing $900 million of mortgage financing against the 2.12 million-square-foot 28 Liberty St. office property in Lower Manhattan. The financing has an...
Crain's Chicago Business LRE Management has paid $63.2 million, or $526,667/unit, for Monroe Aberdeen Place, a 120-unit apartment property in Chicago. The Mamaroneck, N.Y., investor acquired the property, at 1050-1060 West Monroe St., from Origin Investments, which bought...
Greystone has provided a $42.45 million Freddie Mac loan for the 237-unit Cortland on the River apartment property in Boise, Idaho. The loan allowed the property's owner, Cortland of Atlanta, to retire a mortgage that BMO Harris Bank...
Starwood Capital Group has provided $64 million of mortgage financing against the 162-unit Welz apartment complex in the East Williamsburg section of Brooklyn, N.Y. The three-year loan, arranged by Newmark, allowed the property's owner—a venture of Slate Property...
Commercial Real Estate Direct Staff Report The 441,922-square-foot 261 Fifth Ave. office building in the Midtown South submarket of Manhattan, which was 85% occupied as of June, hasn't been able to refinance its now-matured $180 million mortgage. However,...
Commercial Observer Blackstone Real Estate Debt Strategies has provided $198.5 million of financing against the 1.2 million-square-foot Ridge Hill retail property in Yonkers, N.Y. The property, at 1 Ridge Hill Blvd., is owned by a venture of Jamestown,...
Commercial Real Estate Direct Staff Report The Brookfield Properties affiliate that owns the Augusta Mall in eastern Georgia has exercised an option it had to extend the maturity of the property's $160.84 million mortgage by an additional year...
Charlotte Business Journal BGO has purchased the 428,000-square-foot industrial building at 12031 Carolina Logistics Drive in Pineville, N.C., for $64.1 million, or $147.77/sf. The Miami company bought the property from its developer, Beacon Partners of Charlotte, N.C. The building sits...
Charlotte Business Journal Hillridge Capital has bought Loft One35, a 298-unit apartment complex in Charlotte, N.C., for $94 million, or $315,436/unit. The Bethesda, Md., company purchased the property from Wafra of New York, which paid $78.5 million for...
Tampa Bay Business Journal TA Realty has paid $97 million, or $308,917/unit, for the 314-unit Madison Gateway Apartments in St. Petersburg, Fla. The Boston company purchased the complex from Equus Capital Partners of Newtown Square, Pa., which had bought...
Crain's Chicago Business A venture of Ares Management and Magellan Development Group is offering for sale the 474-unit Aqua at Lakeshore East Apartments in Chicago. Ares, of Los Angeles, and Magellan, of Chicago, hired JLL to market the...
Crain's New York Business CSC Real Estate has paid $40.2 million, or $233.72/sf, for the 172,000-square-foot office property at 75 Maiden Lane in lower Manhattan. The New York opportunistic investment company is led by brothers Salo and Alberto...
Odeh Investments has paid $16.7 million, or $151/sf, for the 110,593-square-foot Zecca Plaza retail property in Gallup, N.M., near the Arizona border and midway between Flagstaff, Ariz., and Albuquerque, N.M. The San Diego-area investor bought the property from...
Commercial Real Estate Direct Staff Report PNC Bank has provided $73.25 million of financing against a pair of retail properties owned by Federal Realty Investment Trust in the Phoenix suburb of Chandler, Ariz. The bank provided $51 million...
Commercial Real Estate Direct Staff Report A venture of Standard Real Estate Investments and Vistria Group has paid $93.2 million, or $221,904/unit, for the 420-unit Fox Valley Villages apartment complex in the Chicago suburb of Aurora, Ill. Standard,...
SKS Partners, which owns the 84,500-square-foot medical office property at 3838 California St. in San Francisco, has refinanced the property with a $20.9 million loan from a life insurance company. The three-year loan, which pays a fixed coupon,...
Northmarq has originated a $54 million Freddie Mac loan against the 197-unit Storehouse Lofts apartment property in Alameda, Calif., in the East San Francisco Bay area. The 10-year loan was arranged on behalf of the property's owner, Alameda...
San Antonio Business Journal A venture of MCB Real Estate, Epic Real Estate Partners, and Centerbridge Partners has lined up $60 million of financing from Truist Bank for its purchase of the Northwoods Shopping Center in San Antonio....
Commercial Real Estate Direct Staff Report Deutsche Bank and Wells Fargo Bank are providing $1.1 billion of mortgage financing against the 1.1 million-square-foot Deutsche Bank Center in Manhattan's Columbus Circle area. The loan, with a two-year initial term...
Denver Business Journal Trinity Property Consultants has paid $40 million, or $173,913/unit, for ReNew Pinehurst, a 230-unit apartment property in Denver. The Irvine, Calif., investor acquired the property, at 3550 South Kendall St., from Advenir Azora, which bought...
Commercial Real Estate Direct Staff Report Shorenstein Investment Advisers paid $126.5 million, or $403.37/sf, for the 313,609-square-foot Sterling Plaza office building in Dallas. As reported in July, the San Francisco investment manager bought the 19-story building from KBS REIT...
Commercial Real Estate Direct Staff Report The venture between Monomoy Property Ventures and Axonic Capital that bought the dual-branded hotel at 590 West Peachtree St. NW in Atlanta paid $36 million, or $77,922/room, for the 462-room property. As...
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