Lone Star Brings in Harvest Properties as Partner at San Francisco’s 600 California Office
Commercial Real Estate Direct Staff Report Lone Star Funds, which last month took ownership of the 359,883-square-foot 600 California St. office building in San Francisco, has brought in Harvest Properties as its partner. The Oakland, Calif., company will also...
Property Backing 2-Year-Old CMBS Loan Sees 84% Drop in Appraised Value
The appraised value of a 738-unit apartment property in suburban Cleveland, which was financed with a $53 million CMBS loan just two years ago, has been reduced by just more than 84%, to only $18.1 million.
Mesa West Lends $43.8Mln Against West Va. Industrial Buildings
Mesa West Capital has provided $43.8 million of mortgage financing against two industrial buildings with 730,800 square feet at 4903 and 5115 Winchester Ave. in Martinsburg, W. Va. The two cross-docked buildings were constructed three years ago on a...
Retail Center Near Omaha, Neb., Sells for $95Mln
Commercial Real Estate Direct Staff Report A venture of DRA Advisors and DLC Management Corp. has paid $95 million, or $148.36/sf, for the 640,327-square-foot Shadow Lake Towne Center retail property in Papillion, Neb., a southern suburb of Omaha, Neb....
Affinius Lends $89Mln to Fund Purchase of Office Space at Manhattan’s CiySpire Building
Affinius Capital has provided $89 million of mortgage financing to facilitate the $135.7 million, or nearly $360/sf, purchase of the 377,000 square feet of office space within the CitySpire building in Midtown Manhattan. The 39-year-old building is at 156...
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