BisNow Grant Street Funding has provided $34.3 million of mortgage financing against the 80,780-square-foot office property at 60-66 Long Wharf Drive in Boston. The two-building complex is owned by Capital Properties of Boston, which had purchased it in 2015 for [...]
REBusiness Online Phoenix Development Co. has lined up $27.8 million of financing against Pullman Modern Urban Apartments, a 114-unit property in Santa Rosa, Calif. The local company recently completed the apartments at 725 and 755 Wilson St. and 85 8th [...]
Commercial Real Estate Direct Staff Report Deutsche Bank has provided $145 million of mortgage financing against the 410,561-square-foot Las Olas City Centre office property in downtown Fort Lauderdale, Fla. The loan helped facilitate the 23-story building’s purchase for $221 million, [...]
Class Amt $mln Sub Level % Avg Life (yrs) Rating Moody’s Rating Fitch Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 2.02 30.00 2.49 Aaa AAA AAA J-spread A-2 18.50 30.00 2.75 Aaa AAA AAA [...]
Thor Equities, which five years ago had paid $27.1 million for the life-sciences building at 7 Powder Horn Drive in the northern New Jersey township of Warren, has put the 181,210-square-foot property up for sale. The post Thor Equities Puts [...]
Commercial Real Estate Direct Staff Report The volume of commercial mortgages outstanding increased by $172.29 billion, or 3.7%, last year to $4.79 trillion, according to the Mortgage Bankers Association. When compared with the third quarter, the universe increased by 1.1%. [...]
Commercial Real Estate Direct Staff Report Rack density, the amount of power that the equipment within a computer-server rack uses, has been increasing annually and is about to jump markedly. That’s the result of artificial intelligence, which relies on power-hungry [...]
Commercial Real Estate Direct Staff Report Treeview Real Estate Advisors has paid off the $186 million Freddie Mac loan against its 481-unit Grand Plaza apartment property in Chicago. The loan, which had been securitized through FREMF, 2015-K44, paid a 3.47% [...]
Commercial Real Estate Direct Staff Report An affiliate of Kuwait Finance House has paid $118.09 million, or $330.54/sf, for the 357,252-square-foot office building at 1401 H St. NW, two blocks from Lafayette Square in the heart of Washington, D.C. The [...]
Commercial Real Estate Direct Staff Report Bascom Group, a prolific investor in the apartment sector, has once again started raising capital for its Bascom Value-Added Apartment Investors VI LLC fund. The Irvine, Calif., investment manager had launched the investment vehicle [...]
