A spate of assaults, robberies and other crimes that have raised safety concerns for residents living at the complex, near the neighboring Western Michigan University, contributing to a large appraisal reduction for the 256-unit multifamily property that is used in part for student housing.
Deutsche Bank has provided $321m in financing to Beacon Capital Partners for a stake in MetLife’s 575 Fifth Avenue.
JP Morgan has provide a $177m construction loan for Samuels & Associates’ Pierce Boston, a 30-story, 420,000 sq ft mixed-use tower being developed in the Fenway neighborhood of Boston, Massachusetts.
AIG Investments has provided JEMB Realty with a $50m loan to refinance 150 Broadway in Lower Manhattan, Real Estate Capital has learned based on city property records.
Berkeley Point Capital has provided $34.2m in agency debt financing to TruAmerica Multifamily and an investment group for the purchase of Trevi, a 290-unit community in Chandler, Arizona.
HFF announced today that it has arranged $49.5m in financing for Liberty Creek Apartments, a 584-unit, garden-style multi-housing community in the east Denver suburb of Aurora, Colorado.
TIAA-CREF has provided Kemper Development Company with $220m to refinance the Eddie Bauer Building in Bellevue, Washington.
M&T has provided Extell Development with a $113m loan for the redevelopment of a swath of properties located just west of Times Square on 47th street in Manhattan, Real Estate Capital has learned based on city property records.
A joint venture led by First Hawaiian Bank has provided $170m in financing for the construction of a 423-unit urban community in Honolulu, Hawaii.
CBRE Capital Markets’ Debt & Structured Finance announced that it arranged nearly $157m in financing for the acquisition of a six-property, 1,413-unit multifamily portfolio in the Pacific Northwest states of Washington and Oregon.