A group of lenders led by Sumitomo Mitsui Trust Bank has provided $911 million of mortgage financing against the 670,000-square-foot office building at 425 Park Ave. in midtown Manhattan's Plaza District. The five-year loan, which pays a floating coupon, allowed ...
Dallas Business Journal A venture of Chartres Lodging Group and Elliott Investment Management has lined up $300 million of financing against the Sheraton Dallas hotel. The financing consists of a $270 million senior loan and a $30 million mezzanine piece, ...
Commercial Real Estate Direct Staff Report Olshan Properties has acquired the 50 percent stake it didn't already own in the Fair Oaks Mall in suburban Washington, D.C., as part of a deal that included the negotiation of a three-year term ...
Commercial Observer The New York State Housing Financing Agency has provided $170 million through the issuance of tax-exempt bonds for the development of Innovative Urban Village, a 385-unit apartment property in the East New York section of Brooklyn, N.Y. In ...
Commercial Real Estate Direct Staff Report Certares Management LLC has teamed with Belcourt Capital Partners to buy the 390-room Hilton Boston Back Bay at 40 Dalton St. in Boston for $171 million, or $438,461/room. The venture bought the property from Ashford ...
Commercial Real Estate Direct Staff Report Blue Owl Capital Inc. has agreed to buy Prima Capital Advisors for $170 million, expanding its investment management business to include commercial real estate finance and more specifically CMBS. Prima Capital, a Scarsdale, N.Y., ...
Citi Real Estate Funding Inc. has provided $155 million of financing against the 578,105-square-foot office and retail building at 28-40 West 23rd St. in Manhattan's Flatiron District. The five-year loan, arranged by Ackman-Ziff, allowed the property's owner, Williams Equities, to ...
CMBS loans against office properties continued to get pushed into special servicing last month, driving overall volumes in special servicing up by 1.57 percent to $43.08 billion. To be sure, office loans weren't the only ones with issues. The volume ...
Scale Lending has provided $150 million of financing to fund the completion of the 450-unit apartment project at 120 East 144th St. in the Mott Haven section of the Bronx, N.Y. The project, which is expected to be completed by ...
Commercial Real Estate Direct Staff Report Blackstone Real Estate Partners X has struck a deal to buy Apartment Income REIT Corp. for $39.12/share in cash in a deal valuing the Denver company at roughly $9.4 billion, including the assumption of ...
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