State: Iowa - IA

Spruce Capital Partners has acquired a portfolio of six apartment properties totaling 507 units in the suburbs of Des Moines, Iowa, for $56.7 million, or about $111,834/unit. The New York investment manager bought the portfolio from BBK Apartments of Ankeny, ...

Four Mile Capital has paid $25 million, or $115,741/unit, for the 216-unit Bricks Waukee East apartment property in Waukee, Iowa, the fastest growing city in the state. The Louisville, Colo., investment manager funded its purchase with a $16.25 million loan ...

Commercial Real Estate Direct Staff Report The $43.6 million CMBS loan against the 856,064-square-foot Valley West Mall in West Des Moines, Iowa, has been transferred to special servicing because it's expected to default. The transfer was highlighted this morning in ...

Aparium Hotel Group has secured $28.3 million of construction financing for a conversion project in Des Moines, Iowa. First National Bank of Omaha, Neb., provided the loan, which NKF Capital Markets arranged. It will be used by Aparium, a Chicago ...

Commercial Real Estate Direct Staff Report The Westland Mall in West Burlington, Iowa, is being offered for sale, a move that will ultimately result in the resolution of a long-troubled $15.5 million CMBS loan. The loan, securitized through Wachovia Bank ...

A venture of Besyata Investment Group and the Scharf Group has paid $58 million, or $133,640/unit, for the 434-unit Autumn Ridge Apartments in Waukee, Iowa, a suburb of Des Moines, Iowa. The New York family offices acquired the nearly completed ...