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. [...]
Commercial Real Estate Direct Staff Report New York Life Real Estate Investors has provided $136 million of financing against the 540-room Fairmont Orchid hotel resort in Waimea, Hawaii. JLL arranged the five-year loan, which pays a fixed coupon. It allowed [...]
Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Moody’s Rating MstarDBRS Price % Yield % Final Pricing (bp) Bnch mrk A-1 11.40 30.00 2.67 AAA Aaa AAA J-spread A-4 100.00 30.00 9.53 AAA Aaa AAA [...]
REBusiness Online Lionstone Investments sold the 207,000-square-foot University Park office building in Austin, Texas. The Houston company sold the property to the city of Austin for $26.2 million, or $126.57/sf. The sale was reported in late April, but the seller was [...]
ConnectCRE An affiliate of De La Vega Development has bought the 325,000-square-foot Turtle Creek Village mixed-use complex in Dallas. The local developer purchased the property from CIM Group of Los Angeles, which had owned it since 2017. The most recent [...]
REJournals.com Presidium has lined up $28 million of floating-rate financing against Valor at Harlingen, a 288-unit apartment complex in Harlingen, Texas, near the Mexico border. Keybank Real Estate Capital provided the Freddie Mac loan, which has a five-year term but [...]
