ACRES Capital Provides $33M Construction Loan on Pittsburgh Mixed-Use Project
Long Island-based alternative lender ACRES Capital has provided $33 million in construction debt financing to apartment developer Charles Street Investment Partners to build and stabilize a mixed-use...
View ArticleMeal Delivery Service Freshly Takes 92K SF at 28 East 28th Street
Prepared meal delivery service Freshly inked a deal to move its offices to 92,000 square feet at 28 East 28th Street near Madison Square Park, Commercial Observer has learned. Freshly signed a lease...
View ArticlePGIM’s $75M Agency Loan Package Finances TruAmerica’s Buy of Two Rental Assets
Los Angeles-based apartment investor TruAmerica Multifamily has nabbed $75 million in Freddie Mac-backed financing originated by PGIM Real Estate in order to fund its acquisition of a pair of rental...
View ArticleRelated Provides $130M Construction Loan on Malibu Mixed-Use Retail Project
Santa Monica, Calif.-based Pacific Equity Properties has nabbed $130 million in construction debt from Related Fund Management, a subsidiary of Stephen Ross’ Related Companies, to build a...
View ArticleBank OZK, Grosvenor Provide $58M on Walter Reed Condo Project in DC
A joint venture between Hines, Urban Atlantic and Triden Development Group has locked in a $58.4 million construction financing package from Bank OZK and Grosvenor Americas to build a luxury...
View ArticleLenders Rush Toward Construction Loans on Troubled Asset Classes, While They...
Colorado Springs, Colo., emerged this summer as one of the nation’s hottest hotel markets. The city, nestled in the southeast edge of the Rocky Mountains about 70 miles south of Denver, trailed only...
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Exclusive: Lendlease, Aware Super Acquire $92M Site in LA for $600M Mixed-Use...
Lendlease has made a major land buy in Los Angeles with plans to create its first development in the city — a new landmark office and residential complex to be worth an estimated $600 million....
View ArticleManhattan West a Test of Midtown South’s Resiliency
The long-awaited opening of Brookfield Properties’ Manhattan West development coincides with unexpected hurdles from when the project was first conceived that will truly test the historic reliability...
View ArticleAvalonBay Buys Whole Foods-Anchored Rental for $150M
AvalonBay Communities purchased a Whole Foods Market-anchored rental for $150 million at Curv in Downtown Fort Lauderdale, property records show. Curv, located at 410 SE 16th Court, sits between SE...
View ArticleWhole Foods Signs at Crescent Heights’ Project in Midtown Miami
A Whole Foods Market is coming to Midtown Miami. The Amazon-owned grocer signed a 20-year lease at Crescent Heights’ mixed-use development Nema, according to county records first reported by The Next...
View ArticleOnni Buys Long Beach Multifamily Project for $68M
Prominent developer and investor Onni Group has put down $67.9 million to acquire a 6.17-acre retail shopping center in Long Beach, Calif., that’s slated for redevelopment into multifamily. Newmark...
View ArticleDeka Group Picks Up Santa Monica Whole Foods for $54M
Ring it up. Commercial Observer has learned that Germany-based Deka Immobilien, which is the real estate investment arm for Deka Group, acquired a Whole Foods Market grocery store in Santa Monica,...
View ArticleRetail Checkout: LA Shopping Centers in High Demand
The fourth quarter of 2021 broke all-time records for retail investment sales volume in Greater Los Angeles, with super-regional mall portfolios and net-lease properties driving transactions. A new...
View ArticleWhole Foods Signs Lease at Boynton Beach Marketplace
Whole Foods Market is expanding its stores in South Florida with the addition of a location at the Boynton Beach Marketplace, landlord SJC Ventures announced. The Atlanta-based firm, which specializes...
View ArticleKrab Queenz Seafood to Make NYC Debut in Harlem
Krab Queenz Seafood is entering the New York City restaurant scene with a new sublease for 10,500 square feet at Wharton Properties‘ 100 West 125th Street, Commercial Observer has learned. The eatery...
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