MonticelloAM has provided $37.85 million of bridge financing against the 240-unit Bayville Apartments in Virginia Beach, Va. The bridge loan was arranged by JLL. The Bayville apartment property, formerly Waypoint at Bayville, is at 1512 Kindly Lane, near Lake Smith ...
Commercial Observer Morgan Stanley Real Estate Investing has paid $35.7 million, or $154.55/sf, for the 231,000-square-foot Harbor Commerce Center in Hampton, Va. The investment manager bought the two-building industrial property from W.M. Jordan Co. of Newport News, Va. Newmark arranged ...
Argentic Investment Management has provided an $81.9 million loan against One Logistics Park Building 2, a 1.02 million-square-foot industrial property in Winchester, Va. The building, at 1251 Coverstone Drive, is owned by the Meridian Group of Bethesda, Md., which will ...
Commercial Observer Berkadia has provided an $84.1 million loan against Meridian at Eisenhower Station, a 369-unit apartment property in Alexandria, Va. The loan has a 10-year term. The property, which opened in 2007, is owned by Paradigm Development of Arlington, ...
To fund its purchase, Briar Capital lined up a $71.4 million mortgage from Freddie Mac that was provided through Newmark, which also arranged the property's sale. The property was previously encumbered by a $47.65 million Fannie Mae loan. The Latitudes, ...
Briar Capital Management has paid $102 million, or $227,678/unit, for the 448-unit Latitudes Apartments in Virginia Beach, Va. The New York investment manager bought the property from Heritage Capital Group of Jacksonville, Fla., which purchased it from Brookfield Asset Management ...
Commercial Real Estate Direct Staff Report Goldman Sachs and Barclays Capital have provided $150 million of mortgage financing against the Springfield Town Center shopping mall in the Washington, D.C., suburb of Springfield, Va. The loan, which requires only interest payments ...
Commercial Observer A venture of Bozzuto and Invesco Real Estate has paid $147 million, or $323,788/unit, for the 454-unit Ashton at Dulles Corner apartment property at 13958 Mansarde Ave. in the Washington, D.C., suburb of Herndon, Va. The venture acquired ...
M.C. Dean has leased 152,491 square feet at the Carmel Church Business Center, a 325,500-sf industrial property in the Richmond, Va., suburb of Ruther Glen, Va. The property, at 11174 Enterprise Parkway, is owned by a venture of Lingerfelt and ...
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.
