Aspire’s first securitization includes 752 loans to borrowers with an average credit score of 754 and a weighted average combined loan-to-value (LTV) ratio of 69.79%. Select Portfolio Servicing will serve as servicer.... Read more »
On paper, Maile Aguila’s story reads like a fairy-tale version of the American dream: After 30 years of hard work, a daughter of 1960s Cuban exiles sells $1 billion worth of Miami... Read more »
Thorofare Capital, a national commercial real estate debt manager and affiliate of Callodine Group, has closed on two floating-rate senior mortgage loans totaling $74.23 million in Southern California. The financings include an industrial... Read more »
RXR, in partnership with One Investment Management, has closed on more financing for the $500-million-plus office-to-residential conversion of 61 Broadway, an office building in Manhattan’s Financial District, into a 796-unit residential tower. Construction... Read more »
Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of Hancock Terrace, a 272-unit multifamily property in Santa Maria on California’s Central Coast. It traded for $75 million, or $275,735 per... Read more »
A power duo on Los Angeles’ Eastside cleaned up this week with a couple of closings, despite more “sensitive” conditions for the area’s high end. Carolwood Estates’ Jonathan Mogharrabi and Marci Kays,... Read more »
CBRE arranged the sale of Lumia, a newly constructed mixed-use multifamily community located at 850 N Azusa Ave. in Azusa, to Lumia Azusa LLC for $53 million. The CBRE team of Chris Tresp, Derrek Ostrzyzek, Rachel Parsons, Mike Murphy and Kenji Thomas represented... Read more »
BWE has closed two loans totaling $120,000,000 to refinance the Residence Inn Times Square and the Courtyard by Marriott Long Island City, two major hotels in New York City. Steve Perricone, SVP... Read more »
Faris Lee Investments completed the sale of Plaza Pacifica, a neighborhood retail center located in San Clemente’s affluent South Orange County trade area. The property closed at a price of $21,000,000. The... Read more »
GFP Real Estate closed on an $86,500,000 loan from Apple Bank for the refinancing of 515 Madison Ave., a historic 42-story, 350,000-square-foot class A office building also known as the DuMont Building and located in the... Read more »