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Wells Fargo has provided a $145 million agency financing to the Brodsky Organization on the 430-unit Enclave at the Cathedral apartment building in the Morningside Heights neighborhood of Manhattan.
Office Depot has announced plans to close 300 stores over the next three years, potentially elevating the risk of $956.6 million worth of properties backing CMBS deals.
The rate of growth of top US debt advisers is tapering, but CBRE remains busy – especially working with banks, reports Justin Slaughter
Greystone has provided a $62 million Freddie Mac loan to Cortland Partners on its 510-unit Watermark at East Cobb apartment complex in a suburb or Atlanta, Georgia.
Bank of America has provided an $89.3 million financing to an affiliate of Teresa Viola, wife of billionaire investor Vincent Viola, on a 152,000 sq ft multifamily property overlooking the Hudson River at the edge of Brooklyn Heights.
A subsidiary of the National Life Insurance Company has provided a $32.4 million acquisition loan to Preferred Apartment Communities (PAC) on a nine-story, 169,500 sq ft office building in Birmingham, Alabama.
KeyBank Real Estate Capital has provided a $249 million Federal Housing Administration (FHA)-financing to Formation Capital on a portfolio of 22 senior housing facilities in the Southern US.
Morgan Stanley and UBS have provided a $200 million refinancing to Wharton Properties on a new commercial property at 529 Broadway in the SoHo neighborhood of Manhattan leased to Nike.
ACORE Capital has provided a total of $221.8 million on two properties in the Los Angeles area, Real Estate Capital has learned.
Bank of America has provided a $106 million acquisition loan on the eight-building Parkwood Crossing office park in a suburb of Indianapolis, Indiana, a source confirmed to Real Estate Capital.
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