SouthState Bank Lends $43.4Mln Against Denver Office and Retail Property
Commercial Property Executive SouthState Bank has provided $43.4 million of financing against the 121,990-square-foot office and retail property at 200 and 250 Columbine St. in Denver. JLL Capital Markets arranged the five-year loan on behalf of the owner, Crescent...
BGO Buys Seattle Apartment Property for $152Mln
Puget Sound Business Journal An affiliate of BentallGreenOak, or BGO, has paid $152 million, or $638,655/unit, for Ballard Independent, a 238-unit apartment complex in Seattle. The New York investment manager acquired the seven-story property from its developers, Holland Partner...
$1.1Bln CMBS Loan on Office/Studio Portfolio in Los Angeles Moves to Special Servicing
Commercial Real Estate Direct Staff Report With its Aug. 15 maturity fast approaching, the $1.1 billion CMBS loan against a portfolio of eight office and production studio properties with 2.23 million square feet in Los Angeles owned by a...
Mesa West Lends $52Mln Against Apartments Near Tacoma, Wash.
Mesa West Capital has provided $52 million of mortgage financing against the 162-unit Sumner Mill Apartments in Sumner, Wash., which is roughly 15 miles southeast of Tacoma, Wash. BWE arranged the short-term loan. Timberlane Partners of Seattle developed the...
Invesco Buys Philadelphia-Area Apartment Complex for $66.3Mln
Philadelphia Business Journal An affiliate of Invesco has paid for $66.3 million, or $312,736/unit, for Spring House at Brandywine, a 212-unit apartment complex in West Chester, Pa. The Atlanta investment manager bought the property from Coastal Ridge Real Estate...
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