Commercial Real Estate Direct Staff Report Nationwide Life Insurance Co. has provided $26 million of financing against the 336-unit Crowne at Grandview apartment property in Birmingham, Ala. The loan allowed the property's owner, Crowne Partners Inc. of Birmingham, to retire ...
Greystone wrote a $22.6 million Fannie loan to help fund that acquisition. The property was encumbered by a $20.5 million Freddie Mac mortgage that was securitized through FREMF, 2015-K47. The loan was set to mature in 2025 and locked out ...
The properties are the 256-unit Waterford Apartments, at 701 Green Mountain Drive, which opened in 1984; and the 80-unit Bowman Heights Apartments, at 420 Markham Mesa Place, which opened in 1980. AndMark bought the properties through its fourth apartment investment ...
Apple Hospitality REIT Inc. has purchased the 135-room Home2 Suites by Hilton hotel in Anchorage, Alaska, for about $24 million, or $178,000/room, from a group involving its developer, Affinity Hospitality LLC. The four-story, all-suites property, at 4700 Union Square Drive, was ...
Pure Multifamily REIT has paid $40 million, or $138,889/unit, for Lansbrook at Twin Creeks, a 288-unit apartment property in the Dallas suburb of Allen, Texas. The Vancouver, British Columbia, REIT purchased the 15-year-old property, at 505 Benton Drive, from a ...
The STG Group has paid $25 million, or nearly $182/sf, for 949 East 36th Ave., a 137,553-square-foot office building in downtown Anchorage, Alaska. The Petaluma, Calif., investment firm bought the 39-year-old property from CH2M Hill Corp., an engineering company that ...
95.6 percent leased.
Tampa Bay Business Journal C&S Wholesale Grocers has paid $25 million, or nearly $30/sf for an 836,771-square-foot warehouse in Plant City, Fla. The New Hampshire company operates 50 distribution facilities in 15 states. The Plant City facility is its fifth ...
The price included the assumption of $29.63 million of debt insured by the United States Department of Housing and Urban Development.
95 percent leased. The company will assume a $79.5 million mortgage that's securitized through Greenwich Capital Commercial Funding Corp., 2006-GG7. The 6.54 percent loan matures in June 2016, according to servicer data compiled by Morningstar.
New York Times Orton Development Co. is redeveloping a 517,000-square-foot industrial building in Emeryville, Calif. The building, a former Ford assembly plant, has been vacant since in the 1980s. The development will occur in several phases. The project's first phase ...
Hilton Hotels Corp. has sold the Anchorage Hilton, a 600-room property in Alaska, for $65 million.The property was sold to CP Anchorage Hotel 2, a private investment group that plans to invest another $12 million on upgrades to the property. ...
March 28, 2005 Class Amt $mln Sub Level% Avg Life (yrs) Rating S&P Rating Fitch Rating Moody's Final Pricing (bp) Bnch mark A-1 614.44 43.94 1.75 AAA AAA Aaa +10 Libor A-2 204.82 25.25 4.43 AAA AAA Aaa +20 Libor ...
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© 2023 Commercial Real Estate Direct All rights reserved.