Berkadia has closed a $35.2 million refinancing package for Indian Lake Village Apartments, a 394-unit property in the Detroit suburbs. The decade-long, fixed-rate agreement underscores the continued liquidity for stabilized multifamily assets in secondary Midwestern markets.
Berkadia has closed a $35.2 million refinancing package for Indian Lake Village Apartments, a 394-unit property in the Detroit suburbs. The decade-long, fixed-rate agreement underscores the continued liquidity for stabilized multifamily assets in secondary Midwestern markets.
MG Developer and Vertical Developments have secured a $100 million construction loan from Benmark Capital to finance Alhambra Parc, a 74-unit luxury mixed-use condominium project in Coral Gables. The three-year financing package will fund the development located at 33 Alhambra Circle, just north of the city's downtown district.
CSC Real Estate has expanded its healthcare property holdings with a $70 million acquisition of three adjacent properties on Manhattan's Upper East Side, including a medical office building at 210 East 86th Street and two neighboring retail spaces. The deal with Perlbinder Realty highlights continued investor appetite for medical office assets in prime New York City locations.
Kaufman Investments is reportedly under contract to purchase Savanna's Madison Square Collection, a two-building office portfolio located near Manhattan's Madison Square Park, for roughly $125 million. The impending off-market transaction highlights continued investor appetite for well-positioned Midtown South assets despite broader macroeconomic headwinds.
A comprehensive look at the national office market heading into 2026 — from tightening availability in gateway cities to the Fed's rate path and REIT performance.