An affiliate of Kam Sang Company has acquired a loan secured by one of downtown Los Angeles’s largest office towers at a discount, another sign of the repricing underway in buildings that have struggled to fill space since the pandemic. New Age 355 LLC bought...
Freddie Mac has provided $91.78 million in refinancing for a manufactured-housing portfolio spanning six states, replacing debt across 13 communities owned by RHP Properties. The Redwood portfolio contains 1,892 homesites in Arizona, Connecticut, Maryland, Michigan,...
A recently built apartment complex in the Richmond suburbs has changed hands for $107.7 million, giving Frontier Group of Companies its first multifamily property in Virginia even as higher borrowing costs continue to complicate apartment transactions. Frontier...
Newmark is entering direct multifamily bridge lending with a $35 million loan for a Georgia apartment property, adding a short-term financing product to its existing commercial mortgage advisory business. The inaugural borrower is MFP Capital, which refinanced...
A manufacturer has leased an entire 265,922-square-foot warehouse near Seattle-Tacoma International Airport, bringing Prologis’s industrial holdings in the Des Moines Creek corridor to full occupancy, according to the leasing broker. Newmark announced the...