Industry News and Transactions

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Regional Transactions and Market Commentary

General Growth Properties acquired the 49% stakes it did not already own in 2 properties located NE and FL for $98MM from Ivanhoe Cambridge. The properties include the 89.5% occupied, 1.2MM SF Westroads Mall in Omaha, NE and the 95.8% occupied, 910,000 SF Oaks mall located in Gainesville, FL.

 

Closings

  • $68 million fixed-rate Fannie Mae Conventional loans
  • Multifamily - 1,106 units across four properties 
  • Philadelphia-Camden-Wilmington MSA, Pennsylvania and Delaware
  • $151.9 million fixed-rate Fannie Mae Conventional loans
  • Multifamily - 3,675 units across 15 properties 
  • Dallas, Houston, Austin, San Antonio, Texas and Phoenix, Arizona 
  • $10 million fixed-rate CMBS loan
  • Multifamily - 133-bed student housing property
  • Ann Arbor, Michigan
  • $4.3 million HUD 232/223(f) loan
  • Healthcare - 57-bed skilled nursing facility
  • Evanston, Illinois
  • $20.2 million fixed-rate Freddie Mac CME loan
  • Multifamily - 276 units
  • Miami, Florida