Capital One Bank has provided $68 million of financing to fund the development of a parking garage as well as leasing costs at the former AstraZeneca North campus in Wilmington, Del. The lender two years ago provided $46.3 million to ...
Real Capital Solutions has purchased a pair of Wilmington, Del., office properties from an affiliate of AIG Global Real Estate Investment Group for a total of $27.8 million. The Louisville, Colo., investment manager paid $15.3 million, or $74.75/sf, for the ...
Commercial Real Estate Direct Staff Report The 233-unit Sheraton Suites in Wilmington, Del., recently was appraised at a value of $19.3 million. That compares with the $33.6 million of financing that is owed against it. The loan, securitized through Cobalt ...
Delaware State News Sears will close its 111,309-square-foot store at the Dover Mall in Dover, Del., this August. Simon Property Group is the majority owner of the mall, at 1365 North DuPont Highway. The 928,000-sf property serves as collateral for ...
Delaware Online Fusco Management and CornerstoneTracy are proposing to redevelop the 50-acre College Square retail center in Newark, Del., into a mixed-use project. Plans for the site near the University of Delaware include 299 apartment units and 325,000 square feet ...
Delaware Business Now Harvey Hanna & Associates has submitted initial plans to redevelop a former General Motors assembly plant on 142 acres in Wilmington, Del. The Newport, Del., company plans to remake the property, at 801 Boxwood Road into 3 ...
The News Journal Canon Hospitality Management has opened the 96-suite Residence Inn by Marriott hotel in Wilmington, Del. The property, at 1300 North Market St., has a fitness center, two meeting rooms totaling 1,590 square feet and an onsite restaurant. ...
The buyers secured $13.3 million of Fannie Mae financing for the acquisition. The 10-year debt pays a fixed rate of 4.4 percent. a combined 95 percent occupied.
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© 2023 Commercial Real Estate Direct All rights reserved..