Wisconsin Apartment Property Sells for $31Mln
Northern Management has paid $31 million, or $166,667/unit, for the 186-unit Harbor Estates apartment property in Sheboygan, Wis. The Brookfield, Wis., developer bought the property from a venture of Harmoniq Residential of Milwaukee and Midloch Investment Partners of Chicago....
Seniors-Housing Occupancy Levels Continue to Climb
Development of seniors-housing units continues to fall well behind demand, driving the national occupancy rate for the sector to 89.9% in the second quarter.
Boston’s Winthrop Center Gets $856Mln of Mortgage, C-PACE Financing
Morgan Stanley and Barclays Capital have provided $575 million of financing against the 823,856-square-foot office component of the 53-story Winthrop Center mixed-use building in downtown Boston. The five-year loan requires only interest payments for its full term and was...
Bank OZK Lends $165.9Mln for Construction of Houston Mixed-Use Project
Houston Business Journal Southern Land Co. has lined up $165.9 million of financing for the construction of the 2811 Kirby mixed-use project in Houston. Bank OZK provided the loan. The Nashville, Tenn., developer is building the project on a...
Clearview, Oaktree Venture Lines Up $57Mln Loan Against Philadelphia Hotel
Philadelphia Business Journal A venture of Clearview Hotel Capital and Oaktree Capital Management has lined up $57 million of financing for the Sofitel Philadelphia at Rittenhouse Square hotel in Philadelphia. Simmons Bank provided the loan, which was arranged by...
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