Scale Lending has provided a $166 million construction loan for the development of a 367-unit apartment property at 280 Bergen St. in the Boerum Hill section of Brooklyn, N.Y. The 30-month loan was arranged by Galaxy Capital and allows Goose [...]
The Real Deal Carolwood is in the process of purchasing EY Plaza, a 920,308-square-foot office building in Los Angeles for $130 million, or $141.26/sf. The local private equity firm is buying the property from the lenders that had provided $305 [...]
The volume of CMBS loans that are more than 30 days late with their payments increased last month by nearly 7% to $41.98 billion, putting that number at a level not seen since September 2020. The culprit: large multifamily loans. [...]
Commercial Real Estate Direct Staff Report JPMorgan Asset Management has provided $21.5 million of financing against Juanita Tate Marketplace, a 77,096-square-foot retail center in Los Angeles. The five-year loan was arranged by JLL Capital Markets on behalf of Optimus Properties [...]
Ares Industrial Management has secured two leases totaling 157,289 square feet at the North County Corporate Center, a 493,898-sf industrial property in Vista, Calif. The Los Angeles company was represented by Cushman & Wakefield, while the two tenants were represented [...]
Commercial Property Executive A venture of Related Ross, Wexford Real Estate Investors, and Key International has bought a 70,131-square-foot office and TV studio facility in West Palm Beach, Fla., for $40 million, or $546.96/sf. The E.W. Scripps Co. sold the [...]
REBusiness Online CenterPoint Properties has bought the TruePort Distribution Center, a 254,705-square-foot industrial property in Deer Park, Texas, about 19 miles east of Houston. JLL brokered the deal on behalf of the Chicago investment and development firm as well as the seller, [...]
A venture of Ridgeline Development Partners and Deep Cove Partners has broken ground on the 550,000-square-foot Bend at Capitol District mixed-use complex in Nashville, Tenn. Skanska USA is the project’s general contractor, while JLL is the project manager. Plans for [...]
Commercial Observer Castellan Real Estate Partners has provided a $25 million loan for the development of a 23-unit residential condominium building at 179 North 10th St. in the Williamsburg section of Brooklyn, N.Y. Meridian Capital Group arranged the loan. The [...]
A venture led by PPR Capital Management has paid $38.3 million, or $165,086/unit, for Villas at Foxwood, a 232-unit apartment property in Milwaukee. The Wayne, Pa., investment manager invested $18 million of the $19.4 million equity commitment for the property. [...]
