Sun Life announced a series of multi-billion-dollar commercial real estate moves Monday that will impact businesses and properties on both sides of the Canada-U.S. border. Toronto-based Sun Life announced said Monday it has acquired 100% ownership of BGO for $1.59 billion (US$1.16 billion) and Crescent Capital Group for $829M (US $608 million.) BGO is a...
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Sun Life announced a series of multi-billion-dollar commercial real estate moves Monday, that will impact businesses and properties on both sides of the Canada-U.S. border Toronto-based Sun Life announced that it has acquired 100% ownership of BGO for $1.59 billion (US$1.16 billion) and Crescent Capital Group for $829M (US $608 million.) BGO is a Miami-based...
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The NAIOP Research Foundation has released a new report analyzing economic, capital markets and real estate market data that highlights that lending and transaction volumes are growing across property types and that valuations have largely stabilized. Key findings include that banks have increased lending to commercial properties while conduit lenders have stepped back. Collectively, federal...
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SF Capital has secured $31.2 million in refinancing from a life insurance company for a multifamily property in the Green Bay Metropolitan Area, Wisconsin. SF Capital’s Vice President of Originations, Aaron Stempel, arranged the financing, which was structured at 75% loan-to-value with a 10-year fixed term, providing the borrower with long-term stability and improved capital...
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The Capital Services Group at Ariel Property Advisors has arranged an $11.8-million condominium inventory loan for a 20-unit newly constructed residential condo project in Upper Manhattan. An Ariel team led by senior director Matt Swerdlow, director Anthony Priest and senior associate David Khukashvilli arranged the financing on behalf of the borrower. The 9.5% interest-only loan featured...
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Preservation of Affordable Housing Inc. (POAH) will begin a $40 million renovation project on a West Side senior apartment building. The 94-unit Corcoran Place Apartments at 325 and 345 N. Austin Blvd. will undergo a revamp including new kitchens and bathrooms, updated flooring, an all-electric HVAC system, upgraded plumbing and electrical systems, roof and window...
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Lendlease has launched pre-leasing and revealed new renderings at Habitat Residences, a 12-story, 260-unit multifamily community opening this spring within the firm’s Habitat mixed-use development in Los Angeles. Located at 3411 S. La Cienega Blvd., Habitat Residences includes a mix of studio, one- and two-bedroom layouts. The property will also feature penthouses on the top two floors, each...
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Habitat for Humanity Seattle-King & Kittitas Counties has completed the 40-home Miller’s Creek community in Burien. Home is the Key is the first major U.S. activation of Habitat for Humanity’s Let’s Open the Door campaign. Miller’s Creek is Habitat SKKC’s newest completed community, featuring 40 affordable homes with three- and four-bedroom layouts, along with a playground and green...
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Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
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