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MassDevelopment, the state development finance agency, has provided $17 million in tax-exempt bond financing for the renovation of the Wamsutta Apartments, a 144-unit affordable-housing property in New Bedford, Mass. Citizens Bank bought the bonds, effectively providing the financing. In addition, ...
REBusiness Online FJS Investments LP has sold the 157,916-square-foot commercial property at 7000 Hollister St. in Houston. The purchase price was not disclosed, but the complex came to market with an asking price of about $10 million, or about $63.32/sf. ...
The Real Deal Rabsky Group turned in the high bid - $18.8 million, or $494,737/unit - for the 38-unit apartment property at 945 Bergen St. in the Crown Heights section of Brooklyn, N.Y., which was offered through a bankruptcy auction. ...
Commercial Real Estate Direct Staff Report Cohen Asset Management has paid $21.8 million, or $181.67/sf, for Elwood Rising, a 120,000-square-foot industrial property in Goodyear, Ariz. The Los Angeles investor purchased the property from Atlas Capital Partners, which was represented by ...
Southeast Property Group has lined up $21.2 million of bridge financing to facilitate its $20.3 million, or about $61,890/unit, purchase of a pair of apartment properties with 328 units in Jacksonville, Fla. The loan, which was provided by The Bancorp, ...
Crain's Chicago Business An affiliate of JPMorgan Chase is offering for sale Highland Landmark V, a 251,229-square-foot office property in Downers Grove, Ill. The bank provided a $35.7 million loan against the property in 2020 and took control of it ...
Crain's New York Business IHL Group has paid $22.2 million, or $214.49/sf, for the 103,500-square-foot office building at 225 West 39th St. in Manhattan's Garment District. The clothing manufacturer bought the property from Walter & Samuels, a New York law ...
South Florida Business Journal Shannon Waltchack has paid $20.4 million, or about $275.30/sf, for Tequesta Village Square, a 74,102-square-foot shopping center in South Florida. The Birmingham, Ala., company bought the retail property from Russell Properties of Tequesta LLC, a Delray ...
United Hampshire U.S. REIT, which owns the 282,039-square-foot Arundel Plaza shopping center in Glen Burnie, Md., has refinanced the property with a $22 million loan provided by a life-insurance company. The five-year loan, which pays a fixed coupon, was arranged ...
Rockland Trust Bank has provided a financing package to help fund the redevelopment of the historic Eagle Mill along the Housatonic River in the Berkshire region of Massachusetts into 56 apartment units. The package is comprised of a $21 million ...
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