Commercial Real Estate Direct Staff Report Aareal Capital Corp. has provided $180 million of financing against the 201-room Four Seasons Resort Scottsdale in the Phoenix suburb of Scottsdale, Ariz. The three-year loan, which can be extended by up...
Commercial Real Estate Direct Staff Report Wells Fargo Bank and Barclays Capital have provided $165 million of financing against the 314,940-square-foot Raleigh Studios production studio in Los Angeles. The three-year loan was arranged by Newmark on behalf of...
South Florida Business Journal After taking control of Gateway at Wynwood, a 219,532-square-foot office building in Miami, at a recent bankruptcy auction, A10 Capital has assigned its credit bid to affiliates of CIRE Equity of San Diego, which took...
Atlanta Business Chronicle An affiliate of McDowell Properties has bought Marq Eight, a 302-unit apartment complex in Atlanta, for $77 million, or $254,967/unit. The company bought the property from CWS Capital Partners of Newport Beach, Calif., which purchased...
Puget Sound Business Journal Spear Street Capital has paid $60.1 million, or $458.78/sf, for Market Place I and II, a two-building office property with 131,000 square feet in Seattle. The San Francisco company acquired the property from a...
Dwight Capital has provided $59 million of mortgage financing under the U.S. Department of Housing and Urban Development's 223(f) program for Alden Park Kingsland, a 423-unit apartment property just outside of George Bush Park in Houston. Proceeds of...
PCCP LLC has provided $162 million of senior financing for the construction of the 345-unit Hoboken Urby apartment property that's near a commuter rail and PATH station in Hoboken, N.J., just across the Hudson River from Manhattan. The...
Commercial Real Estate Direct Staff Report A venture of Morning Calm Management and Praelium has bought the 27-story Charlotte Plaza office building in Charlotte, N.C., for $70 million, or $108.76/sf. Morning Calm, of Boca Raton, Fla., and Praelium,...
Braemar Hotels & Resorts Inc., which was formed 12 years ago through the spin-off of Ashford Hospitality Trust Inc.'s high-end hotels, has put itself on the sales block. The REIT said a special committee of directors that it...
Commercial Observer The City University of New York has signed a letter of intent to buy 110,000 square feet at 40 Rector St. in lower Manhattan from Metropolitan College of New York, which uses it as classroom space...
Canyon Partners Real Estate has provided $58 million of financing against the 119-unit Arya Apartments in the Los Angeles suburb of Culver City, Calif. JLL Capital Markets arranged the bridge loan, which has a floating-rate coupon and allowed...
Starwood Property Trust has provided $500 million of mortgage financing against a portfolio of 42 industrial properties with 2.4 million square feet in Westchester County, N.Y. The loan was arranged by JLL Capital Markets. The portfolio is owned...
Commercial Real Estate Direct Staff Report Howard Hughes Holdings Inc. has lined up $75 million of financing against the 265,898-square-foot office property at 1700 Pavilion in Las Vegas's Summerlin neighborhood. The five-year loan was arranged by CBRE. It...
South Florida Business Journal Related Cos. has paid $116.85 million, or $400,171/unit, for Aura Delray Beach, a 292-unit apartment complex in Delray Beach, Fla. The New York company bought the property from Trinsic Residential of Dallas, which completed its...
Liberty Mutual Investments and RXR Realty Corp. have expanded a lending venture they operate, giving it an additional $1 billion of investment capacity. The venture, which was launched 15 years ago, provides credit across the capital stack. It...
Multi-Housing News Bonaventure Senior Living has paid $90 million, or $236,842/unit, for Cyan Southcreek, a 380-unit apartment property in Overland Park, Kan. The Elizabeth, N.J., company acquired the property, at 13220 Foster St., from LivCor, an affiliate of...
The Real Deal Capstone Equities has filed to foreclose against the $75 million loan on the 34,170-square-foot mixed-use building at 140 Crosby St. in the SoHo section of Manhattan. The property, which has an alternate address of 606...
Commercial Real Estate Direct Staff Report Raintree Partners has paid $100 million, or $373,134/unit, for Cypress Point, a 268-unit apartment property in Ventura, Calif. The Dana Point, Calif., developer purchased the property from an investor group in a...
Commercial Real Estate Direct Staff Report MML Hospitality has paid $92 million, or $814,159/room, for the 113-room Nine Orchard Hotel at 9 Orchard St. on Manhattan's Lower East Side. The Austin, Texas, company, formerly McGuire Moorman Hospitality, was...
Commercial Real Estate Direct Staff Report Fenway Capital Advisors has paid $65 million, or $249.73/sf, for the 260,283-square-foot office property at 222 North Detroit Ave. in Tulsa, Okla. The Solana Beach, Calif., investor acquired the property from its...
Triangle Business Journal RMR Residential has bought Carrington at Perimeter Park, a 266-unit apartment complex in Morrisville, N.C., for $62 million, or $233,083/unit. The Boston company purchased the property from Bluerock Real Estate, a New York investor that had...
Commercial Real Estate Direct Staff Report The Peachtree Center office and retail complex in downtown Atlanta has been brought to the sales market through JLL Capital Markets. The 2.48 million-square-foot property, which can be acquired as a whole...
Commercial Real Estate Direct Staff Report Widewaters has paid $20.5 million for the 188,960-square-foot Target Financial Center and 12.64 acres of adjoining land in the Phoenix suburb of Tempe, Ariz. The Syracuse, N.Y., developer, which was represented by...
PGIM has provided $619 million of agency financing against a portfolio of 15 apartment properties with 4,237 units in the Southeastern United States owned by HHHunt Corp. The investment manager provided a $412.77 million loan through Freddie Mac...
Denver Business Journal An affiliate of Remedy Medical Properties has paid $41 million, or $264.24/sf, for Highlands Ranch I and II, a two-building medical office property totaling 155,164 square feet in Highlands Ranch, Colo. The Chicago company purchased...
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