Hasbro Inc. has signed a lease for 265,000 square feet at the 625,000-sf 400 Summer St. office property in Boston's Seaport area. The toy company is relocating from the 312,784-sf 1027 Newport Ave. in Pawtucket, R.I., where it's...
Lacey Marketplace, a 125,204-square-foot retail center in the Olympia, Wash., suburb of Lacey, Wash., has sold in two separate transactions. A group of investors that include Michael Hess and Dale Pinney sold portions of the fully occupied property...
Commercial Real Estate Direct Staff Report Societe Generale and 3650 Capital have provided $100 million of mortgage financing against the 537-unit Dunbar Apartments in the Harlem section of Manhattan. The loan, with a five-year term during which it...
REBusiness Online A venture of MetLife Investment Management and MDM Group has lined up $79.3 million of financing against the JW Marriott Marquis Miami hotel in downtown Miami. A venture of Madison Realty Capital and Newbond Holdings provided...
Commercial Property Executive A venture of Burton Property Group and Peaceable Street Capital has lined up $113.3 million of financing against a portfolio of three shopping centers totaling 785,598 square feet in Alabama. The financing was arranged by...
New York Life has provided $38 million of financing against the 236-unit Bowers Residences apartment property in Salt Lake City. Northmarq arranged the fixed-rate loan on behalf of the property's developer and owner, Dakota Pacific Real Estate of...
REBusiness Online BridgeInvest has lent $40.5 million against Ravella at Sienna, a 292-unit apartment complex in Missouri City, Texas. Way Capital arranged the financing on behalf of the borrower, a venture of Orion RE Holdings and Sabal Investment...
Class Amt $mln Sub Level % Avg Life (yrs) Rating Moody's Rating Fitch Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 1.88 30.00 2.72 Aaa AAA AAA 99.99873 4.13982 +69 J-spread A-2 75.00...
Commercial Observer Aya Acquisitions has paid $54.7 million, or $331,515/room, for the 165-room Cassa Hotel in midtown Manhattan. The property, at 66-70 West 45th St., was previously owned by Chinese conglomerate HNA Group, which filed for bankruptcy in...
Affinius Capital LLC and 3650 Capital have provided a total of $156 million of financing against three self-storage properties with 7,230 units in Brooklyn, the Bronx, and Queens, N.Y., owned by Prime Group Holdings. Affinius provided $120 million...
Charlotte Business Journal InvenTrust Properties has bought 182,000 square feet of retail space at the Rea Farms master-planned development in Charlotte, N.C., for $439.56/sf. The Downers Grove, Ill., REIT purchased the space from Barings, a Charlotte institutional investor. It's...
Gaia Real Estate has negotiated a one-year term extension, through next August, for the $48 million loan against its 117-unit 55 Hope St. apartment building in the Williamsburg section of Brooklyn, N.Y. The loan is held by Raymond...
Commercial Real Estate Direct Staff Report Independently operated apartment properties received 83.2% of rent payments on time in August, up 34 basis points from July but down from 85.4% a year ago, according to Chandan Economics. Despite the...
Walker & Dunlop has provided $25.48 million of Fannie Mae financing against the River Birch Apartments in the Grand Rapids, Mich., suburb of Caledonia, Mich. The 10-year loan requires only interest payments for the first five years, then...
Commercial Real Estate Direct Staff Report The commercial mortgage holdings of life insurance companies generated a total return of 1.9% in the second quarter, according to the LifeComps Total Return Index compiled by Trepp Inc. While that's down...
Commercial Real Estate Direct Staff Report A venture of Harvest Properties and Stockbridge has acquired the 379,615-square-foot Clearview Business Park in San Mateo, Calif. The purchase price could not be learned immediately, but the office complex was assessed...
Investment manager Conversant Capital LLC has committed to invest up to $300 million in Bond Street REIT, which specializes in convenience retail centers, particularly in the southeastern United States, Texas, and Indiana. The capital will allow Bond Street,...
Commercial Real Estate Direct Staff Report Fidelity Investments has paid $37.8 million, or $517,808/unit, for the 73-unit apartment property at 3200 Washington St. in the Jamaica Plain section of Boston. The local investment manager acquired the property from...
A venture of Intercontinental Real Estate Corp. and LaTerra Development has paid $27 million, or $34,438/unit, for the 784-unit EZ Access Self-Storage property in the northern Los Angeles suburb of Newhall, Calif. Intercontinental, of Boston, and LaTerra, of...
Affinius Capital has provided $132.4 million of financing against the 814,567-square-foot Lower Bucks Logistics Hub in the Philadelphia suburb of Langhorne, Pa. The two-building industrial property, at 1600 and 1620 East Old Lincoln Highway, with frontage along Interstate...
Commercial Real Estate Direct Staff Report MF1 Capital has provided $116 million of financing against three apartment properties with 441 units in the Phoenix area. The two-year loan, which can be extended by up to three additional one-year...
Commercial Property Executive Cadence Bank has provided $67.4 million of financing against the 855,000-square-foot industrial property at 4900 West Elkhorn Blvd. in Sacramento, Calif. The loan allows the owner of the property, Affinius Capital of New York, to...
The Real Deal Savanna has paid $50 million, or $105.26/sf, for the leasehold interest in the 475,000-square-foot office building at 444 Madison Ave. in midtown Manhattan. The New York investment manager bought the property from Westbrook Partners in...
Washington Business Journal T2 Hospitality has paid $127.99 million, or $281,916/room, for the 454-room Washington Marriott at Metro Center hotel in Washington, D.C. The Newport Beach, Calif., investor, formerly Tarsadia Hotels, acquired the property from Host Hotels &...
Bisnow Bank Hapoalim has provided a $220 million loan against the 490-unit apartment property at 1440 Amsterdam Ave. in the Harlem section of Manhattan. The property is owned by a venture of Artimus NYC and Grid Group of...
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