David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
property type: Multifamily
River Tech Workplace
A venture led by Terrace Group has paid $29.63 million, or $109.73/sf, for the 270,022-square-foot River Tech Workplace industrial-flex property in Fridley, Minn., a northern suburb of Minneapolis. Terrace, of St. Paul, Minn., along with equity partner Midloch Investment Partners ...
Sofia apartment property
The property opened in 2024 and is 95% occupied. It serves as collateral for a $113.5 million Fannie Mae loan that pays a fixed rate of 5.19% and matures in February 2036, according to data compiled by the TreppCRE platform. ...
Bell at Plantation
The most recent acquisition was financed in part with a $55.1 million mortgage from CBRE Multifamily Capital.
Flats at Gladstone
A venture of Eastham Capital and Bender Cos. has paid $24 million, or $142,857/unit, for Flats at Gladstone, a 168-unit apartment property in the Chicago suburb of Glendale Heights, Ill. Eastham, of Boca Raton, Fla., and Bender, of Chicago, acquired ...
Haven
The Haven was built in 2020 and has one-, two-, and three-bedroom units with monthly rents that start at $3,227. It is 94% occupied. The property serves as collateral for a $43.38 million Fannie Mae loan that pays a fixed rate ...
Berkadia Writes $30Mln Fannie Mae Loan for Phoenix-Area Apartments
Commercial Real Estate Direct Staff Report Berkadia has provided $30 million of Fannie Mae financing against the 166-unit Havenly Superstition apartment property in Apache Junction, Ariz. The seven-year loan pays a fixed coupon and requires only interest payments. The property ...
Portland, Ore., Apartment Property Sells at Discount for $63Mln
Multi-Housing News A venture of Guardian Real Estate Services and PCCP has paid $63 million, or $189,759/unit, for Ladd Tower, a 332-unit apartment property in downtown Portland, Ore. Guardian, of Portland, and PCCP, of Los Angeles, acquired the property from ...
300-Unit Apartment Property in Tucson, Ariz., Sells for $33Mln
Commercial Real Estate Direct Staff Report Break of Day Capital has paid $33 million, or $110,000/unit, for the 300-unit River Oaks apartment property in Tucson, Ariz. The Manhattan Beach, Calif., investment manager, led by real estate syndicator Gary Lipsky, acquired ...
HUD Multifamily, Healthcare Lending Jumps 60% in First Fiscal Half
The U.S. Department of Housing and Urban Development's multifamily and healthcare lending programs were on fire during the first half of the agency's fiscal year, with a total of $10.95 billion of loans being originated. That puts the year on ...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
