Commercial Real Estate Direct Staff Report Tishman Speyer has lined up $385 million of financing against the 770,030-square-foot 300 Park Ave. office building in midtown Manhattan. The financing package includes a $330 million senior loan provided by JPMorgan...
Crain's Chicago Business Heartland Realty Investors has paid $45.5 million, or $406,250/unit, for Valley Lo Towers, a 112-unit apartment complex in Glenview, Ill., a northern suburb of Chicago. The Minneapolis company acquired the property from Marquette Cos. of...
A venture of Martin Group and JPF Capital has secured $61 million of financing for the construction of the 120-unit Arbello Apartments in the San Francisco suburb of San Mateo, Calif. Marcus & Millichap arranged the loan. The...
San Francisco Standard TMG Partners is said to be buying the 312,592-square-foot Metreon Mall in San Francisco. The price the San Francisco company is said to be paying is not yet known, but the retail property has an...
Washington Business Journal The Central Intelligence Agency has paid $246.6 million, or $568.20/sf, for the 434,000-square-foot Dulles Discovery 2 office property at 13870 Air and Space Museum Parkway in Chantilly, Va. It bought the property from Peterson Cos....
Commercial Real Estate Direct Staff Report Deutsche Bank and Mesirow are providing $247 million of fixed-rate financing against the 638,794-square-foot office building at 167 North Green St. in Chicago's Fulton Market neighborhood. The loan is being securitized in...
Blackstone Real Estate Debt Strategies has purchased a $2 billion portfolio of performing commercial real estate loans from Atlantic Union Bancshares Corp. The Blackstone unit paid a price in the low 90% range for the loans, according to...
Affiliates of Apollo Global Management have provided $252.5 million of financing against a portfolio of 21 industrial buildings with 3.64 million square feet owned by a venture of Brennan Investment Group and Farallon Capital Management. The portfolio, commonly...
Blue Owl Capital has provided $54 million of financing against the 67-room Baron's Cove in Sag Harbor in the Hamptons area of Long Island, N.Y. The hotel, at 31 West Water St., is owned by a venture of...
Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Moody's Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 2.95 30.00 2.58 AAA Aaa AAA J-spread A-2 120.00 30.00 4.80 AAA...
Jacksonville Business Journal A venture of Argyle Real Estate Capital and Artemis Real Estate Partners has bought Addison Landing, a 289-unit apartment complex in Jacksonville, Fla., for $44.75 million, or $154,844/sf. Argyle, of Tampa, Fla., and Artemis, of...
Commercial Real Estate Direct Staff Report An affiliate of Denali National Trust has paid $34.75 million, or $121,503/unit, for the 286-unit Seventh apartments in Phoenix. The Scottsdale, Ariz., family office bought the property, at 5145 North 7th St.,...
Commercial Real Estate Direct Staff Report Cohen Asset Management has paid $36.28 million, or $215.95/unit, for the Desert Cove Industrial Center, a 168,000-square-foot industrial property in Surprise, Ariz. The Los Angeles investment manager bought the property, at 11301...
Commercial Real Estate Direct Staff Report Starwood Capital Group, which owns the 988,646-square-foot 301 South College St. office property in Charlotte, N.C., is considering turning the half-empty property over to its lenders, a pair of CMBS trusts that...
Walker & Dunlop Inc. has originated $170 million of Fannie Mae financing against the 580-unit Post District Residences apartment property in downtown Salt Lake City. The loan was provided through Fannie's near-stabilization lending program, through which the housing-finance...
The Real Deal Capstone Equities has agreed to pay about $83 million, or $830/sf, for the 100,000-square-foot office building at 205 West 28th St. in the Chelsea section of Manhattan. The New York investment manager is buying the...
Commercial Real Estate Direct Staff Report FPA Multifamily LLC has paid $121 million, or $174,603/unit, for a portfolio of four apartment properties with a total of 693 units in Connecticut. The San Francisco investment manager purchased the portfolio...
Commercial Real Estate Direct Staff Report Section 899, which some have referred to as a retaliatory or revenge tax, has been pulled from the One Big Beautiful Bill budget-reconciliation proposal. Treasury Secretary Scott Bessent yesterday posted on the...
Commercial Real Estate Direct Staff Report Simon Property Group has purchased the 75% stake that it didn't already own in the 475,088-square-foot retail portion and parking garage of Miami's Brickell City Centre for $512.63 million. The Indianapolis REIT...
Multifamily Dive Blackfin Real Estate Investors has paid $17.3 million, or $141,167/unit, for the Sage Creek Apartments, a 120-unit complex in Augusta, Ga. The Arlington, Va., company purchased the property from an investment group led by JJM Realty...
Multi-Housing News A venture of Kushner Cos. and PTM Partners has lined up $87.3 million of financing against 2000 Biscayne, a 420-unit apartment building in Miami's Edgewater neighborhood. Corebridge Financial provided the loan, which was arranged by Walker...
PGIM Real Estate has provided $100 million of financing against a portfolio of 11 industrial properties and one industrial outdoor storage facility in the Charlotte and Raleigh, N.C., markets. The portfolio, with 1.55 million square feet, is owned...
The Real Deal Rialto Capital Advisors has provided $135 million of financing against the 327-unit Lincoln Park apartment property in Chicago. The loan allowed the property's developer—a venture of PCP Generational Partners of Cleveland, as well as Structured...
JRK Property Holdings has paid $129 million, or $321,696/unit, for the 401-unit Chase Knolls apartment property in the Los Angeles suburb of Sherman Oaks, Calif. The Los Angeles investment manager bought the Mid-Century Modern property from Waterton of...
Commercial Real Estate Direct Staff Report JRK Property Holdings has paid $186 million, or $657,243/unit, for the 283-unit WestEnd25 apartments in Washington, D.C. The Los Angeles investment manager acquired the property, overlooking Rock Creek Park in the city's...
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