Driftwood Capital has provided $34.8 million of mezzanine financing against the 836-room Miami Airport Marriott Connection hotel complex in Miami. The Coral Gables, Fla., company funded the loan through its Driftwood Lending Partners LP investment fund, which has...
A venture of Trinity Real Estate Investments and Credit Suisse is lining up $575 million of financing against the 1,000-room Diplomat Beach Resort in Hollywood, Fla. The financing consists of a $452 million mortgage from Citi Real Estate...
Commercial Real Estate Direct Staff Report A venture of Intercontinental Real Estate Corp. and Kennedy Wilson has paid $71.8 million, or $109.46/sf, for Stockton Commerce Center, a 655,976-square-foot industrial property in Stockton, Calif. Intercontinental, of Boston, and Kennedy...
Commercial Real Estate Direct Staff Report Keystone Property Group, which owns the 222,888-square-foot Corporate Center at Moorestown office property in southern New Jersey, is in talks with its lender regarding possibly selling it. The Conshohocken, Pa., investment manager...
Commercial Real Estate Direct Staff Report Chatham Lodging Trust has paid off the $34.88 million CMBS loan against its 112-unit Residence Inn Mountain View hotel in California's Silicon Valley. The loan was securitized through JPMBB Commercial Mortgage Securities...
Commercial Real Estate Direct Staff Report Host Hotels & Resorts Inc. has agreed to pay $630 million, or $1.4 million/room, for the 450-room Turtle Bay Resort and $50 million for a 49-acre development site, both in Kahuku, Hawaii....
Washington Business Journal Frontier Development & Hospitality Group has paid $40.8 million, or $218,181/room, for the 187-room Cambria Hotel at 899 O St. NW in Washington, D.C. The Washington investor acquired the property from Concord Hospitality of Raleigh,...
Commercial Real Estate Direct Staff Report A sharp drop in occupancy has contributed to the 70 percent drop in the appraised value of the 16,500 square feet of ground-floor retail space at 735 Sixth Ave. in Manhattan's Flatiron...
Commercial Real Estate Direct Staff Report Having lost its sole tenant, the 61,375-square-foot office building at 57 East 11th St. in Manhattan's Greenwich Village area has had its appraised value slashed by nearly 77 percent to $17.8 million....
The Real Deal Franklin Partners has paid $46 million, or $118.25/unit, for Oak Brook 22, a 389,000-square-foot office property in Oak Brook, Ill., a suburb of Chicago. The local investor purchased the property from Heitman, which took control of...
One Riverway, a 483,410-square-foot office building in Houston, is scheduled to be sold at a foreclosure auction next month. That's according to records from foreclosure listing service Roddy's. The auction was highlighted yesterday in a Morningstar Credit CMBS...
Citigroup has provided $46.5 million of mortgage financing for the 140-unit Soldier Hill Commons apartment property at 1-5 Soldier Hill Road in the northern New Jersey borough of Paramus. The loan, which is expected to be securitized, was...
Commercial Real Estate Direct Staff Report Affinius Capital has provided $58.2 million of financing to facilitate the purchase of the 340,080-square-foot industrial property at 4982 Hallmark Parkway in San Bernardino, Calif. Earlier this month, Dalfen Industrial of Dallas acquired...
REBusiness Online DWS Group has paid $50.8 million, or $122.93/sf, for Rockingham Farms Building 10, a recently built industrial property in Savannah, Ga. Scannell Properties of Indianapolis sold the 413,230-square-foot bulk distribution facility, at 101 Feldspar Drive, in...
Commercial Real Estate Direct Staff Report Apollo Realty Income Solutions Inc. has paid $49 million, or $263,441/unit, for the 186-unit Madison at Harper Place apartment property in Charleston, S.C. The REIT, whose shares do not trade on any...
ConnectCRE Glassdoor is bringing 117,000 square feet of office space at 300 Mission St. in San Francisco to the sublease market. The online recruiting company is moving its employees fully remote. The 654,834-sf property at 300 Mission is...
REBusiness Online Affiliates of the United Group of Cos. and Sina Cos. have lined up $55.6 million of bridge financing for its Arcadia Gardens, a 220-unit apartment complex in Palm Beach Gardens, Fla. MetLife provided the interest-only loan,...
Commercial Real Estate Direct Staff Report MLG Capital has acquired Walnut Lake, a 180-unit apartment property in Urbandale, Iowa. The Brookfield, Wis., investment manager structured the purchase, from BH Equities, as part of a tax-deferred exchange. BH had...
Affinius Capital LLC has provided $70 million of financing against the 263-unit Modera Skylar apartment property in Miami's River District. The two-building property, at 1444 NW 14th Ave. in Miami, is owned by a venture of Mill Creek...
The Real Deal Property and Building Corp. has issued $340 million of bonds on the Tel Aviv Stock Exchange, allowing it to help fund the refinancing of a $385 million mortgage against the 864,303-square-foot office property at 452...
Commercial Real Estate Direct Staff Report Deutsche Bank and Morgan Stanley have provided $100 million of mortgage financing against the 481,245-square-foot office building at 488 Madison Ave. in midtown Manhattan. The loan requires only interest payments for its...
Commercial Real Estate Direct Staff Report LaSalle Investment Management has sold a pair of office properties totaling 180,354 square feet in Los Angeles for $75 million. The Chicago investment manager sold the 131,942-sf Annex, at 5340 Alla Road,...
Commercial Real Estate Direct Staff Report Nome Capital Partners has paid $105.3 million, or $356.58/sf, for Pleasanton Corporate Commons, a 295,306-square-foot office property in Pleasanton, Calif. The Milpitas, Calif., investment firm purchased the property from an affiliate of...
Commercial Real Estate Direct Staff Report Zions Bancorp has provided $25.65 million of financing to facilitate the purchase of Longbow Industrial Park, a two-building industrial property with 244,286 square feet in Mesa, Ariz. CapRock Partners purchased the property...
The Real Deal The $87.5 million loan against the 182,738-square-foot office property at 292 Madison Ave. in midtown Manhattan is being offered for sale through Newmark. The loan, with an original balance of $92.5 million, had been provided by...
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