CMBS Delinquency Numbers See Big Improvement in June
Commercial Real Estate Direct Staff Report A total of $3.49 billion of previously delinquent CMBS loans were cured, or made performing once again last month, contributing to the 3.7% reduction in the overall volume of loans that are now...
Los Angeles-Area Apartment Property Sells for $132.5Mln
A venture of Eagle Real Estate Partners and Vistria Group has paid $132.5 million, or $329,601/unit, for the 402-unit Crystal View Apartments in the Los Angeles suburb of Garden Grove, Calif. The venture - Eagle is based in Los...
JPMorgan Provides $160Mln Facility for Self-Storage Venture
JPMorgan Chase Bank has provided a $160 million credit facility for Safely Store Self Storage, which is backed by Caisse de depot et placement du Quebec, or simply La Caisse. The facility, arranged by JLL Capital Markets, is comprised...
Wells Fargo Lends $125Mln Against Denver Mixed-Use Property
ConnectCRE Wells Fargo Bank has provided $125 million of financing against Larimer Square, a 513,000-square-foot mixed-use property in downtown Denver that's owned by Asana Partners of Charlotte, N.C., which bought it in 2020 for $92.5 million. The four-story property,...
Goodwill Pays $19.75Mln for Government-Leased Building in Ga.
Goodwill Industries International has paid $19.75 million, or $179/sf, for the 110,330-square-foot office building at 761 Wheaton St. in Savannah, Ga. The five-story building was purchased from an investor group led by Margaret Bowen of Alpharetta, Ga., which was...
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