Commercial Real Estate Direct Staff Report Pyramid Management Group has negotiated a five-year extension of the loan against its Crossgates Mall in Albany, N.Y. The loan, with a balance of $241.96 million, earlier this year was acquired by a venture ...
Commercial Real Estate Direct Staff Report Connor Group has acquired the 322-unit Carmel Center Apartments in Carmel, Ind., funding its purchase with a $57.5 million mortgage from UMB Bank. The price that the Dayton, Ohio, investor paid could not be ...
BisNow JPMorgan Chase Bank and Starwood Capital Group has provided $236 million of financing \ for the development of a 62-unit residential condominium project at 255 East 77th St. on Manhattan's Upper East Side. The property, which will include ground-floor ...
Washington Trust has provided $35 million of financing for the construction of the 123-unit Arbella at Bramble Hill active-adult apartment property in Worcester, Mass., which is roughly 40 miles west of Boston. The loan from the Westerly, R.I., bank was ...
Commercial Real Estate Direct Staff Report Carter Properties, which had paid $41.75 million for the 147,135-square-foot West Bay Plaza in suburban Cleveland, funded its purchase with a $29.23 million mortgage that was provided by Goldman Sachs Bank. The 10-year loan requires ...
Barclays Capital, Bank of America and Bank of Montreal have provided $294 million of mortgage financing against the Woodfield Mall shopping center in the Chicago suburb of Schaumburg, Ill. The loan was used to take out a $374.4 million loan ...
Sabet Management has paid $19.5 million, or $361,111/unit, for three neighboring apartment buildings with 54 units in Manhattan's Alphabet City area. The properties, at 504-508 East 12th St., between avenues A and B, were purchased form Kushner Cos. in a ...
One Real Estate Investment has acquired the 300-unit Canvas at Savannah apartment complex in Savannah, Ga., and funded its investment with a $27.7 million Freddie Mac loan that was arranged by CBRE. The Miami investment manager purchased the 20-year-old property, ...
Commercial Real Estate Direct Staff Report Glencrest Group has paid $16.94 million, or $171,111/unit, for Fern Ridge, a 99-unit apartment property in Olympia, Wash., about 64 miles south of Seattle. The San Francisco company purchased the property from Transpacific Investments, ...
A venture of Passco Cos. and Greystone has paid $124.07 million, or $409,375/unit, for the 303-unit One Riverwalk apartment property in Knoxville, Tenn. The venture bought the property from Southeastern Co. of Augusta, Ga., which had developed it in 2019 ...
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