Commercial Real Estate Direct Staff Report The $343 million loan against the 1.2 million-square-foot One South Wacker Drive office building in Chicago has transferred to special servicing. The loan, which was provided by Blackstone Mortgage Trust and funded...
Apollo Global Management and Affinius Capital have committed $600 million of financing for the construction of the 1,100-unit 175 Third St. apartment building within the Gowanus Wharf complex in Brooklyn, N.Y. RXR, meanwhile, has made a $185 million...
Dwight Capital has provided $39 million of mortgage financing under the U.S. Department of Housing and Urban Development's 223(f) program for the 174-unit Timberview Apartments in Oregon City, Ore. The loan—those under the 223(f) program fully amortize over...
Commercial Real Estate Direct Staff Report The volume of multifamily loans in special servicing should plunge this month as the $539.5 million senior mortgage against the Yorkshire & Lexington Towers apartment buildings, with a total of 808 units...
Washington Business Journal An affiliate of DSF Group has paid $216.3 million, or $337,696/unit, for Shenandoah Crossing, a 640-unit apartment complex in Fairfax, Va. The Boston investor purchased the garden-style property from AIR Communities of Denver. Shenandoah Crossing...
Commercial Real Estate Direct Staff Report Ashford Hospitality Trust Inc. has sold the 254-room Hilton Garden Inn Austin Downtown hotel for $26.85 million, or $105,709/room. The Dallas REIT sold the 41-year-old property, at 500 North Interstate 35, to...
Mesa West Capital has provided $82.5 million of mortgage financing against the 352-unit Olin Fields apartment property in the Seattle suburb of Everett, Wash. The loan, with a term of up to five years, allowed the property's owner,...
San Antonio Business Journal An affiliate of DRA Advisors has lined up $168 million of financing for the 320,000-square-foot La Plaza del Norte shopping center in San Antonio. Bank of America provided the loan. DRA, of New York,...
Dallas Business Journal Apollo Global Management has provided $80.3 million of financing to facilitate Tourmaline Capital Partners' purchase of the 376,259-square-foot Tollway Plaza office complex in Dallas. Tourmaline, of New York, purchased the two-building property from Buchanan Street...
Digital Realty Trust Inc. has paid $475 million for 1,440 acres within Astra Enterprise Park, a 9,000-acre industrial complex in De Soto, Kan., just west of Kansas City. The Austin, Texas, REIT would develop a data center on...
Commercial Real Estate Direct Staff Report The $290 million mortgage against the 839,712-square-foot office building at 26 Broadway in Lower Manhattan has transferred to special servicing because it's expected to default. The transfer to special servicer KeyBank was...
OakNorth Bank has provided $33.2 million of financing for the ground-up development of a pair of apartment properties with 99 units at 236 and 240 Highland Place in the East New York section of Brooklyn, N.Y. The two...
Charlotte Business Journal Onward Investors has paid $51 million, or $99.74/sf, for a portfolio of three buildings totaling 511,344 square feet within the Coliseum Centre office park in Charlotte, N.C. The Minnetonka, Minn., investor acquired the buildings from...
Atlanta Business Chronicle Allen Morris Co. has lined up $113.7 million of financing for its Star Metals Offices, a 267,000-square-foot office building in Atlanta. Banco Inbursa provided the loan, which retires $100 million of construction financing from Bank...
South Florida Business Journal Terreno Realty Corp. has paid $56.3 million, or $574.49/sf, for a 98,000-square-foot warehouse at 10910 NW 144th St. in Hialeah Gardens, Fla. The Bellevue, Wash., company purchased the industrial building from an affiliate of...
Benmark Capital has provided $100 million of financing to fund the construction of the 74-unit Alhambra Parc residential condominium property in Coral Gables, Fla. The proposed eight-story building will also have 13,768 square feet of offices and 18,000...
The Seattle Social Housing Developer has paid $60.9 million, or $406,000/unit, for the 150-unit Elara at the Market apartment property. The city agency was formed three years ago to own and operate certain housing properties in Seattle. It...
Dallas Business Journal Shorenstein Properties has acquired The Tennyson, a 273,574-square-foot office campus in the Dallas suburb of Plano, Texas. The San Francisco firm purchased the two-building property from Spear Street Capital, also of San Francisco, in a...
Houston Business Journal A company calling itself 919 Milam LLC has bought the 542,010-square-foot office building at 919 Milam St. in downtown Houston. Milam Houston Real Estate Holding Inc. sold the 24-story property, which it had purchased from M-M...
Commercial Real Estate Direct Staff Report Clipper Realty Inc. expects to turn over the 12-story mixed-use building at 250 Livingston St. in Brooklyn, N.Y., to its lender. Last September, the New York REIT stopped making debt-service payments on...
Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Moody's Rating MStar DBRS Price % Yield % Final Pricing (bp) Bnch mrk A-1 3.86 30.00 2.37 AAA Aaa AAA J-spread A-3 370.64 30.00 4.83...
Washington Business Journal A venture led by Willard Retail has bought a pair of neighboring shopping centers totaling 584,577 square feet in Chantilly, Va., for $147 million, or $251.46/sf. The Bethesda, Md., investor teamed up with Bernstein Management...
Washington Business Journal Terreno Realty Corp. has paid $90 million for a portfolio of three industrial buildings totaling 355,000 square feet in Washington, D.C.'s Maryland and Virginia suburbs. The Bellevue, Wash., company purchased the portfolio from a venture...
The BHI unit of Bank Hapoalim has provided $200 million of financing against the unsold residential condominium unit inventory of the 145-unit Malabar Residences in Manhattan. The 29-story luxury condominium building, at 126 East 57th St., is nearing...
Dwight Capital has provided $66 million of financing under the U.S. Department of Housing and Urban Development's 221(d)(4) program for the construction of the 312-unit Lariat at Abilene apartment property in Abilene, Texas. The property is being developed...
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