State: Missouri - MO
Avanti Buys Lee’s Summit, Mo., Apartment Property for $80Mln
Avanti Residential has paid $80 million, or $259,740/unit, for the 308-unit Summit Square Apartments in Lee's Summit, Mo. The Denver company purchased the property from NorthPoint Development, which was represented by Newmark. Summit Square, at 789 NW Donovan Road, was ...
Oxford Hills
The property is encumbered by a $33.87 million Freddie Mac loan that's securitized through FREMF, 2016-K58. The loan pays a 3.85 percent coupon and is locked out from prepayment until April 2026, three months before its set to mature, according ...
FPA Multifamily Buys 480-Unit Apartment Property in St. Louis
FPA Multifamily has acquired Oxford Hills, a 480-unit apartment property in St. Louis. The purchase price could not yet be learned. The San Francisco investment manager purchased the property from Harbor Group International, which was represented by Cushman & Wakefield. ...
VanTrust Breaks Ground on 2.36Mln-SF Industrial Property in Platte City, Mo.
Kansas City Business Journal VanTrust Real Estate has broken ground on Platte International Commerce Center, a 2.36 million-square-foot industrial property in Platte City, Mo. The Kansas City, Mo., developer is building the property north of State Route 92 and east ...
170-Room Hotel Opens Near St. Louis
REBusiness Online Midas Enterprises has opened the 170-room Residence Inn by Marriott hotel in Clayton, Mo. The St. Louis developer broke ground on the property in 2021. It cost $47 million to construct. Hermann Cos. and Peoples Bank provided financing ...
CBL Gets 2-Year Extension of $160.74Mln CMBS Loan on Mo. Mall
CBL Properties has negotiated a two-year extension of the CMBS mortgage against the West County Center retail property in the St. Louis suburb of Des Peres, Mo. To win the modification, the Chattanooga, Tenn., REIT paid down the loan to ...
175,000-SF Office Property Breaks Ground Near St. Louis
Brinkmann has broken ground on a 175,000-square-foot office property at 11901 Olive Blvd. in Creve Coeur, Mo., about 16 miles west of St. Louis. The Chesterfield, Mo., company is building the property on behalf of First Bank, which will use ...
Timberlane Village
Newmark wrote a Fannie Mae loan to facilitate the purchase. It pays a fixed rate and takes out a $15.67 million Fannie mortgage that's securitized through FNA, 2016-M12. That loan paid a 3.91 percent coupon and wasn't set to mature ...
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.
