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Net lease news – page 188
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Walker & Dunlop Arranges $128M Loan for Refinancing of Four-Property Multifamily Portfolio in Eugene, OregonEUGENE, ORE. — Walker & Dunlop has arranged $128.2 million loan for the refinancing of a four-property multifamily portfolio in Eugene. Steven Natale of Walker & Dunlop Capital Markets Real Estate Finance secured the financing on behalf of an undisclosed local client.
Mesa West Capital Funds $82.5M Loan for Refinancing of Apartment Community in Everett, WashingtonEVERETT, WASH. — Mesa West Capital has funded an $82.5 million first mortgage loan to a joint venture between Harrison Street Asset Management and Security Properties to refinance Olin Fields, a garden-style multifamily property in Everett.
Representative imageAs City Considers Deficit Solutions, Fifth Avenue’s Businesses Tout ContributionsThe Fifth Avenue Association business improvement district wanted to quantify how much the storied boulevard contributes in taxes to the city, so it hired BJH Advisors to find out. The results?
SoHo Leads U.S. in Trophy Retail TransactionsSoHo has emerged as the nation’s most active trophy retail market, according to Adirondack Capital Partners’ (ACP) latest U.S. High Street Retail Capital Markets Report.
C&C Development Opens Affordable Housing in IrvineC&C Development, in partnership with Riverside Charitable Corporation, announced the opening of Cartwright Family Apartments, a 60-unit affordable housing community on 1.6 acres at 17861 Cartwright Rd. in the Irvine Business Complex.
Sky Equity Tops Out on Upper East Side CondosSky Equity Group, the New York City-based real estate development firm founded by Simon Dushinsky, has topped out construction on 260 E. 72nd St. on Manhattan’s Upper East Side. The 60-unit condominium project is Sky Equity’s first condo development in Manhattan.
Sea Breeze Properties Opens Rental Project in San Marcos’ North City DistrictSea Breeze Properties, joined by civic and business leaders, residents, and community members, recently celebrated the grand opening of 222 North City, a new residential project at the center of San Marcos’ evolving North City district.
Apollo, Affinius Capital, RXR Invest $785M in Debt and Equity to Build 175 Third StreetOne of Brooklyn’s biggest developments just secured a hefty sum of construction financing.
Greystone Provides HUD/FHA Loan for Central NJ MultifamilyGreystone has provided a $47,250,000 HUD/FHA-insured loan for The View at Middlesex, a 200-unit multifamily community in Middlesex, NJ. The financing was originated by John Williams, Drew Fletcher and Bryan Grover.
Massachusetts Rent-Control Ballot Measure Struck Down by Court RulingA proposed ballot measure to reintroduce rent control to Massachusetts will not go before voters this fall following a Supreme Judicial Court ruling that the law would be unconstitutional, reported the Boston Business Journal.
Safehold Closes on Ground Lease for Santa Cruz Affordable DevelopmentGround lease REIT Safehold Inc. has closed on a $45-million ground lease for the development of an affordable housing community in the Soquel area of Santa Cruz. The project will be developed by The Pacific Companies, a prolific development firm and repeat Safehold customer.
CBRE Arranges $13M Sale of Industrial Portfolio in OhioCBRE has arranged the sale of a two-building, 142,400-square-foot industrial portfolio located in Beavercreek, Ohio. The portfolio was purchased from 2060 Heller LLC and 2070 Heller LLC for $12.5 million.
Colliers Partners With Medical Society of DC as Real Estate ResourceColliers announced a new partnership with the Medical Society of the District of Columbia (MSDC). Together, the organizations will collaborate to directly support the needs of Washington-area physicians.
Moody’s: Data Center Growth Heightens Credit Risks for GovernmentsRapid data center growth has introduced credit risks for governments because of their heavy demands for electricity and water, Moody’s Ratings reported Wednesday.
Representative imageD.C. Department of Veterans Affairs Building’s CMBS Loan Enters Special ServicingThe $102 million commercial mortgage-backed securities (CMBS) loan on PED Investments’ 425 Eye Street NW, home to the headquarters of the U.S.
Podcast | How CRE is Implementing Agentic Workflows, with Lev CEO Yaakov ZarYaakov Zar is the founder and CEO of Lev, a software platform built to modernize the workflow of commercial real estate professionals. Yaakov started Lev after experiencing firsthand how broken the CRE financing process was, watching a $4 million loan take six months to close.
Luxury Jewelry Brand David Yurman Takes 685 Fifth’s Entire 23K-SF Retail CondoLuxury jewelry retailer David Yurman has leased the entire retail condominium at 685 Fifth Avenue, just one month after a $160 million loan on the property was transferred to special servicing.
Seth Hecht Returns to Colliers From JLL as New Senior Vice PresidentSeth Hecht is returning to Colliers after more than eight years at JLL and another three years at Cushman & Wakefield. Colliers announced Wednesday Hecht’s return as senior vice president on its office leasing team, where he worked from 2006 to 2014.
New York Area the Nation’s Most Promising for Film, TV Production: CBREAt an uncertain time for television and film production nationwide as projects scatter across the globe and capitalize on massive tax benefits and other financial incentives, the New York tri-state area is the only production market in the U.S.
Capital One Provides $96M Letter of Credit for Far Rockaway Affordable Housing ProjectTishman Speyer has sealed $214 million of construction financing to develop a 100 percent affordable housing property in Far Rockaway, Queens, Commercial Observer has learned.