Atlanta CityBizList Two Waters Capital Management has bought Park West, a 278-unit apartment property in Mobile, Ala., for $20.5 million, or about $73,741/unit. The seller was not disclosed. Cushman & Wakefield brokered the deal. Park West, at 1663 Hillcrest Road, ...
Dallas CityBizList PEM Real Estate Group has sold the 252-unit Arlington Park apartments in Mobile, Ala., for $27.95 million, or about $110,913/unit. Saxony Capital Management of Dallas bought the property, at 7070 Grelot Road, in a deal brokered by Cushman ...
Berkadia has provided $40 million of Freddie Mac financing against the 252-unit Highland at Springhill apartment property in Mobile, Ala. The 11-year loan was funded through Freddie's Lease-Up loan program, which allows for permanent loans to get funded against newly ...
The properties are the 545-unit Crossings at Pinebrook, at 3800 Michael Blvd.; the 244-unit Pathways, at 2656 Pathway Place; the 253-unit Sandpiper, at 4950 Government Blvd.; the 384-unit Windsor Place, at 3661 Airport Blvd.; and the 587-unit Yester Oaks, at ...
A venture of Post Road Group and Spruce Capital Partners has paid $134.3 million, or about $66,716/unit, for five apartment properties with 2,013 units in Mobile, Ala. It bought them from Colony Hills Capital, a Wilbraham, Mass., investor, in a ...
The Eastern Shore Centre, a 557,513-square-foot retail property in Spanish Fort, Ala., was sold to Allied Dynamics for $19.6 million, resulting in a $56.1 million loss to the CMBS trust that had held a $66.5 million mortgage against the property. ...
The properties are:Estates at Lafayette Square, with 675 units; Pine Bend & Hampton Park, with 450 units, and Bel Air, with 200 units.
Lightstone Group has paid $70.5 million for a portfolio of three apartment properties with 1,327 units in Mobile, Ala. The New York investment manager bought the properties from Morguard North America Residential REIT of Toronto in a transaction brokered by ...
99 percent leased. The deal was funded with a $42.76 million loan that was provided by a life insurance company. HFF arranged the seven-year loan.
Cole Credit Property Trust IV has paid $77.75 million, or about $207/sf, for McGowin Park, a 375,000-square-foot open-air shopping center in Mobile, Ala. The Phoenix REIT, whose shares do not trade on any exchange, purchased the property at 3075 Government ...
The $120.5 million loan that Bank of America provided against the Shoppes at Bel Air in Mobile, Ala., has a three-year term, but could be extended for up to two additional years. It pays a floating rate that has been ...
Bank of America has provided $120 million of mortgage financing against the Shoppes at Bel Air in Mobile, Ala. The loan retired $109.6 million of CMBS debt that was scheduled to mature later this year and had become open to ...
Commercial Real Estate Direct Staff Report A $71.1 million CMBS loan against a portfolio of five apartment properties with 2,013 units in Mobile, Ala., has transferred to special servicing, according to Morgan Stanley. The transfer, which the investment bank's CMBS ...
The Sears store at the Bel Air Mall in Mobile, Ala., which accounts for nearly a quarter of the space at the 1.3 million-square-foot shopping center, is set to close soon. That could impact the ability of the property's $110 ...
90 percent leased. As part of the acquisition, Rouse assumed a $112.5 million loan that's securitized through Merrill Lynch Mortgage Trust, 2005-LC1. The mortgage matures in December 2015 and pays a coupon of 5.3 percent. It encumbers nearly 1 million ...
The properties are the Cabana Apartments, at 3800 Michael Blvd.; Pathways Place, at 26565 Pathway Place; Sandpiper, at 4950 Government Blvd.; Windsor Place, at 3661 Airport Blvd.; and Yester Oaks Townhouse, at 146 Yester Oaks Drive.
Colony Hills Capital has paid $98 million, or about $49,000/unit, for five apartment properties with a combined 2,000 units in Mobile, Ala. The Delaney family, a local real estate investor and property manager, sold the properties. Hendricks-Berkadia Apartment Real Estate ...
Atlanta CityBizList A venture of Kimco Realty Corp. and Lakestar Properties has sold the 380,619-square-foot Mobile Festival Centre retail property in Mobile, Ala. The buyer and purchase price were not known. HFF brokered the deal. The property, at 3725 Airport ...
Beech Street Capital has arranged $25 million of Freddie Mac financing for the 317-unit Stone Ridge at Somerby Park apartment complex in Mobile, Ala. The fixed-rate loan has a 10-year term with a two-year, interest-only period followed by a 30-year ...
Press-Register The Spanish Fort Town Center shopping complex in Spanish Fort, Ala., about 15 miles from Mobile, Ala., was placed in receivership after its owner defaulted on a $66.38 million bond issue and a $17.5 million construction loan. Andrew Bolnick ...
American Real Estate Capital has arranged a $15.6 million mortgage for Jubilee Square, a 340,000-square-foot retail center in Daphne, Ala.The Coral Gables, Fla., mortgage lender writes loans on behalf of Great American Insurance Co., a unit of American Financial Group.Jubilee ...
Birmingham Business JournalHarbert Realty Services has just completed a renovation of the 111,000-square-foot Spring Hill Village shopping center in Mobile, Ala. The property is fully leased.Copyright © 2010 Commercial Real Estate Direct www.crenews.com
Birmingham NewsTDK Construction is planning a 200-unit apartment complex on 15 acres in Mobile, Ala. The Murfreesboro, Tenn., developer is building the $19 million Longleaf Pines apartments on Girby Road and Lloyds Lane. It will consist of 30 buildings. Rents ...
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