Commercial Real Estate Direct Staff Report Zions Bank has provided an $83 million loan against the 465-unit Prospect Place apartment complex in Brooklyn, N.Y. The five-year loan, which is being included in an upcoming CMBS conduit transaction, requires on... See more
Triad Business Journal Environmental Air Systems has bought the 500,160-square-foot industrial building at 5955 Summit Ave. in Browns Summit, N.C., for $56.74 million, or $113.44/sf. The High Point, N.C., company purchased the property from a venture of S... See more
Commercial Real Estate Direct Staff Report The data-center sector has grown sharply over the past two years, with the global inventory of such properties totaling 115 gigawatts of power capacity, up nearly 12% from 103 gigawatts last year. Capacity has in... See more
Walker & Dunlop has provided $59.98 million of Freddie Mac financing against the 100-unit Optima Verdana apartment property in the Chicago suburb of Wilmette, Ill. The fixed-rate loan, which requires only interest payments for its full term, allowed t... See more
Dallas Business Journal Provident Realty Advisors Inc. has paid $115 million for an industrial portfolio with more than 2.67 million square feet in the Memphis, Tenn., area. The Dallas company purchased the 13-building portfolio from Blackstone Real Estat... See more
