News

Clearview Hotel Capital has landed $48 million of acquisition financing for the purchase and partial residential conversion of a Marriott hotel in Stamford, Conn., Commercial Observer can first report.

The Bridgeway Business Center, a 707,000-square-foot warehousing and distribution facility on College Drive in Suffolk, was purchased by InLight Real Estate Partners.

MIAMI, FL – JLL Capital Markets announced today that it has arranged the $65 million construction financing and preferred equity for Marisol, a 292-unit, garden-style multi-housing development in Port Charlotte, Florida.

JLL represented the borrower, Roers Companies, to secure the non-recourse construction loan through Knighthead Funding and the preferred equity through Amzak Capital Management.

Eastman Companies, a New Jersey-based real estate developer, has secured a $16 million loan to acquire a 437-unit student housing property near Coastal Carolina University and convert it into a 149-unit multifamily property.

Knighthead Funding supplied the loan for Pearlstone Partners’ planned 182-unit condo project in Austin’s South Lamar neighborhood — slated for completion in the second half of 2024.

Knighthead Funding, LLC (“Knighthead”) has provided a local investor with a $31 million first mortgage loan to refinance a 210,000-square-foot suburban Class A office building at 1085 Morris Avenue in Union, NJ.