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Corus Bank closes $72m loan for nine-story, class A office building

Corus Bank has closed a $72 million loan for MR BP Office #1, LLC, to finance the construction of a nine-story class A office building locat...

PNC ARCS finances $5.916 million for the 116-unit Waverly Farms

According to PNC ARCS, $5.916 million in financing was secured for the Waverly Farms Apartments, a 116-unit property. Built in 1982, Waverly...

Cambridge provides $7.26m for refinancing of 153-bed nursing home

Cambridge Realty Capital Companies has provided an insured $7.26 million first mortgage loan to refinance Community Nursing and Rehabilitati...

Michael Cervelli Real Estate sells three apt. buildings for $5.2 million

Michael Cervelli, president of Michael Cervelli Real Estate has completed the sale of three multifamily investment properties representing a...

Means and Mitchell of iCap place $5.5m loan

Alfie Means and Bill Mitchell of iCap arranged a $5.5 million loan for the acquisition of a 20,930 s/f shopping center. The borrower receiv...

StorageOp acquires 29,650 s/f former Store-It in Westland, Mich.

Storage Opportunity Partners LLC (StorageOp) acquired a Store-It Self Storage. The acquisition brings StorageOp's holdings to eight propert...

CBRE Capital Markets arranges $17.8m mezz. debt for St. Albans dev.

Senior VP Mark Fisher, along with associate Michael Diaz, both of CBRE's Capital Markets group in N.Y.C. teamed up with VP Bryan Kane and an...

HFF handles sale of the 877,335 s/f North Point Office Complex

The N.Y. and Pittsburgh offices of Holliday Fenoglio Fowler, L.P. (HFF) closed the sale of North Point Office Complex, two buildings totalin...

Vornando completes $72 million sale of 482,000 s/f office complex

Vornado Realty Trust has completed the sale of its 482,000 s/f Tysons Dulles Plaza office building complex for $152.8 million, which result...

Persons seeking debt relief must comprehend tax consequences

As the current economic downturn continues, commercial real estate investments certainly are not immune to failure. Commercial real estate i...