Commercial Real Estate Direct Staff Report IRA Capital, which last June paid $78 million, or $308,300/unit, for the 253-unit Quail Park of Lynnwood in the Seattle suburb of Lynnwood, Wash., has lined up $58 million of mortgage financing against the [...]
Commercial Observer Intuit has expanded its footprint at the 51 Astor Place office building in Manhattan’s Midtown South submarket by 77,000 square feet, to 115,000 sf. The technology company has occupied 38,000 sf since 2023. Its expansion has a 10-year [...]
Commercial Observer Universal Music Group has leased 336,000 square feet at the 1.62 million-sf Penn 2 office property in midtown Manhattan. The property, also known as 2 Penn Plaza, is owned by Vornado Realty Trust of New York. Universal had [...]
Commercial Real Estate Direct Staff Report InterGroup Corp. has orchestrated the refinancing of the $95.17 million loan against the 543-room Hilton San Francisco Financial District hotel. That financing was comprised of a $75.17 million senior mortgage that was securitized and [...]
Commercial Real Estate Direct Staff Report Goldman Sachs, Bank of America, and Bank of Montreal are providing $450 million of senior financing against 1535 Broadway in Manhattan’s Times Square area. The interest-only loan, part of which will be securitized, is [...]
A total of 3.4 million square feet of office space was leased in San Francisco during the first quarter, according to Savills. That's the most in a single quarter in 10 years and might indicate that the long-troubled market has [...]
PGIM Real Estate has raised $2 billion of equity commitments for its first investment vehicle dedicated exclusively to the data center sector. Its Global Data Center Fund will develop, lease, and sell hyperscale data centers and will target opportunistic investment [...]
REJournals.com Campus Realty Advisors has lined up $23.5 million of financing against the 173-unit Edge student-housing property in San Marcos, Texas. BWE arranged the loan. The lender was not immediately identified. The Edge, at 1740 Old Ranch Road 12, was [...]
Austin Business Journal Mattress Firm has signed a lease for 120,000 square feet of industrial space in Kyle, Texas. The company is leasing its space at Whisper Hills West, which was built in 2023 on 17 acres at 1425 Susurro [...]
Yield Pro Bainbridge Cos. has bought the 228-unit Charleston Wesley Chapel Apartments in Wesley Chapel, Fla., for $42 million, or $184,210/unit. The Wellington, Fla., company purchased the property through its Bainbridge Multifamily Acquisition Fund I, an investment vehicle targeting up [...]
