Citybiz Grover Corlew has lined up $61 million of financing against a pair of neighboring office buildings totaling 176,103 square feet in Boca Raton, Fla. Wells Fargo Bank provided the financing, which will be included in an upcoming CMBS deal. [...]
Yield Pro ACORE Capital has provided $48 million of floating-rate financing against the Westshore Palm Bay Apartments in Palm Bay, Florida. Northshore Development of Orlando, Fla., owns the 248-unit complex at 2331 Commerce Park Drive NE, which was built two [...]
ConnectCRE Graycliff Capital has bought Highline North, a 168-unit apartment complex in Asheville, N.C., for $43.75 million, or $260,417/unit. The Greenville, S.C., development and investment company purchased the property from Carlisle Residential Properties of Greensboro, N.C. Berkadia brokered the sale [...]
Mesa West Capital has provided $50.4 million of financing against the recently completed Ames Apartments in the Charleston, S.C., suburb of Summerville, S.C. The 304-unit property sits on 10.5 acres at 3800 Zephyr Road within the Nexton master-planned community. It [...]
Lincoln Equities has paid $113 million, or $664,706/unit, for the 170-unit Ocean Gate apartment property in the Jersey Shore community of Long Branch, N.J. The East Rutherford, N.J., investor, which is planning to convert the property into for-sale condominiums, bought [...]
Commercial Real Estate Direct Staff Report Wells Fargo Bank has provided $255.25 million of financing against a portfolio of four apartment properties with 1,324 units in Arizona and Florida. JLL Capital Markets arranged the five-year loan, which pays a floating-rate [...]
TruAmerica Multifamily has paid $72 million, or $305,084/unit, for the 236-unit Sterling Heritage Apartments in the Washington, D.C., suburb of Sterling, Va. The Los Angeles investment manager acquired the property from McDowell Properties of Addison, Texas. TruAmerica has a portfolio [...]
The prices that investors paid for most commercial property types—including offices—continued to stabilize during the first quarter, according to the Trepp Property Price Index. The post Prices for Properties, Except Hotels, Continued Stabilizing in 1Q appeared first on Commercial Real [...]
Commercial Property Executive MCA Realty Inc. has paid $30.7 million, or $288.78/sf, for the 106,311-square-foot industrial building at 2270 Camino Vida Roble in Carlsbad, Calif. The Santa Ana, Calif., investment firm purchased the property from Rexford Industrial, which bought it [...]
Commercial Real Estate Direct Staff Report For the second time in seven months, Kroll Bond Rating Agency has downgraded bond classes in the CMBS deal that’s backed by a $309.8 million loan against the River North Point complex in Chicago. [...]
