CHICAGO-Three towers in the $850 million K Station apartment complex are now up for sale. The owner, a joint venture of locally based Fifield Cos. and Newport Beach, CA-based Pacific Life Insurance Co., is testing the frothy apartment market waters with the 1,198-unit Echelon and Alta, located in the West Loop, with an asking price of $475 million.
Wednesday, August 17, 2011
GlobeSt.com - Fifield, Pacific Life Offer up New Three-Tower Complex - Daily News Article
GlobeSt.com - Fifield, Pacific Life Offer up New Three-Tower Complex - Daily News Article
Tuesday, August 16, 2011
Commercial Mortgage Closings Apartments Mixed Use
Kendall Realty Advisors close four apartment loans using bank financing.
Kendall arranged a commitment on eight apartment buildings and the first phase closed.
The loans were for apartments and mixed use buildings. One of the buildings contains the office of a US Congressman. The borrower requested a five year fixed rate loan and low prepayments.
Kendall was able to arrange five year fixed rate loans at 5.25% with one property at 0% prepayment and the rest with a half of one percent prepayment.
Saturday, August 6, 2011
Kendall arranges $2,100,000 first mortgage on Glenlake Apartments.
Kendall arranges $2,100,000 first mortgage on Glenlake Apartments.
The borrower was given 12 months to receive a discounted pay-off from the original condominium construction lender.
Kendall arranged a loan and it closed within two month from the signing of the bank agreement.
Wednesday, August 3, 2011
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