Commercial Real Estate Direct Staff Report SAK Developers has paid $42 million, or $295,774/room, for Staybridge Suites Tysons-McLean, a 142-room hotel at 6845 Old Dominion Drive in McLean, Va. The Washington, D.C., investor, which owns hotels and restaurants...
Commercial Real Estate Direct Staff Report M&T Realty Corp. has provided $32.16 million of Fannie Mae financing to facilitate the purchase of Plaza Taos, a 164-unit apartment property in Chandler, Ariz. Olympus Property acquired the apartments from Garrett...
KeyBank Real Estate Capital has provided $24 million of Freddie Mac financing against the 240-unit Pine Brook Place apartment property in Haverhill, Mass., which is about 35 miles north of Boston. The fixed-rate loan allowed the property's owner,...
Charlotte Business Journal LM Real Estate Partners has paid $97 million, or about $69.29/sf, for the 1.4 million-square-foot Premier Distribution Center in Charlotte, N.C. The New York company purchased the industrial property from a venture of Somerset Properties...
Commercial Real Estate Direct Staff Report ARC Multifamily Group has paid $52.38 million, or $158,683/unit, for The Preston, a 334-unit apartment property in the Atlanta suburb of McDonough, Ga. The Atlanta investment manager bought the property, constructed in...
The Real Deal The Kaufman Organization is looking to sell the 320,000-square-foot office property at 767 Third Ave. in Manhattan. The New York property manager's Sage Realty division put the building up for sale through Eastdil Secured. It...
Commercial Observer First Citizens Bank has provided a $74 million loan against the 160-unit apartment property at 310 Livingston St. in Brooklyn, N.Y. The property, which was built in 2022, is owned by Lonicera Partners of Brooklyn and...
AZ Big Media A venture of Cross Ocean Partners and Breakwater Property Partners has paid $56.2 million, or $305.43/sf, for Beam on Farmer, a 184,000-square-foot office property in Tempe, Ariz. Cross Ocean, of London, and Breakwater, of Newport...
Commercial Real Estate Direct Staff Report Prices for commercial properties inched up in April by 0.05 percent, marking the first monthly increase in nearly two years, according to the MSCI Real Assets Commercial Property Price Index. The increase...
The Real Deal G4 Capital has provided $286 million of construction financing for the proposed 604-unit apartment property at 313 Bond St. in the Gowanus section of Brooklyn, N.Y. The property is being developed by Rabsky Group of...
Commercial Observer Blackstone Group has paid $171.4 million for a minority stake in The Suffolk, a 378-unit apartment property in Manhattan's Lower East Side. The investment manager bought the stake from Gotham Organization of New York, which had developed...
The Real Deal Special servicer Rialto Capital Advisors LLC. is pursuing a foreclosure of the $64.05 million loan against the 185,233-square-foot office property at 25 West 45th St. in midtown Manhattan. The loan is securitized through COMM, 2014-CCRE15....
Commercial Real Estate Direct Staff Report The appraised value of One Market Plaza, a 1.58 million-square-foot property in San Francisco has been reduced by $510 million to $1.76 billion. The latest appraisal was first highlighted in a TreppWire...
REBusiness Online Sumitomo Mitsui Trust Bank has provided a $114.8 million loan for the development of a 1.1 million square-foot industrial property Carneys Point, N.J., which is across the Delaware River from Wilmington, Del. The property, at 10-72...
Commercial Real Estate Direct Staff Report The $222 million loan against the 788,927 square feet of office space at the Woolworth Building in lower Manhattan has matured. The loan, then with a total commitment of $355 million, was provided...
Commercial Real Estate Direct Staff Report Kayne Anderson Real Estate has paid $36.35 million, or $694.54/sf, for the 52,337-square-foot medical-office building at 147 Milk St. in downtown Boston. The Boca Raton, Fla., investment manager bought the property from...
Commercial Real Estate Direct Staff Report The venture of RFR Holding and Kushner Real Estate Group that owns four office buildings with 753,074 square feet in the Dumbo neighborhood of Brooklyn, N.Y., has negotiated a nearly five-year term...
Commercial Real Estate Direct Staff Report The 500 North Michigan Ave. office building in Chicago is in the process of being sold and its lender, Granite Point Mortgage Trust, has indicated that it would accept a discounted payoff...
San Francisco Business Times Westbrook Partners is in default on the $72.5 million loan against the Four Seasons Embarcadero, a 155-room hotel in San Francisco. The local investment manager is said to be three months behind on its...
Class Amt $mln Sub Level % Avg Life (yrs) Rating S&P Rating Fitch Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 1.65 30.00 3.30 AAA AAA AAA 100.000 5.619 +102 J-spread A-2 33.00...
Commercial Observer Four Winds Real Estate has paid $68 million, or $618,181/unit, for The Knox, a 110-unit apartment property at 49 East 34th St. in the Murray Hill section of Manhattan. The New York developer bought the property...
Northwestern Mutual Life Insurance Co. has provided $103 million of financing against The Ivy, a 245-unit apartment property in Chatham, N.J. The property, at Two River Road, is owned by BNE Real Estate Group of Livingston, N.J. JLL...
The Real Deal Nvidia has paid $374 million, or $680/sf, for its 550,000-square-foot headquarters in Santa Clara, Calif. The tech company purchased the property from Preylock Holdings, which had acquired it in 2017 for $240 million. Newmark brokered...
The Mercury News Essex Property Trust has paid $101 million, or $615,853/unit, for Elan Mountain View, a 164-unit apartment property in Mountain View, Calif. The San Mateo, Calif., REIT purchased the property from its developer, Greystar. Elan Mountain...
The Real Deal TZ Capital has paid $180 million, or $5,294/sf, for 680 Madison Ave., a 34,000-square-foot retail property in midtown Manhattan. The West Palm Beach, Fla., investor bought the property from Thor Equities of New York, which...
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