Leifer Properties is co-developer on the South Congress Avenue project, with Northland Properties and Aron Industries as partners.
Intracorp has begun construction on a condominium project along South Congress Avenue in Austin after securing a $173 million construction loan from BGO, Connect CRE reported.
Leifer Properties is a co-developer on the South Congress Avenue project, and Northland Properties and Aron Industries are project partners.
Reported by the Real estate debt desk from Connect CRE. Published . Corrections
The 132,055-square-foot building, completed in 2023, was sold by Bluewater Property Group and Affinius Capital.
JLL advised the seller and arranged acquisition financing; the purchase price was not disclosed.
The Las Vegas warehouse refinance rests on a HEYDUDE lease extension providing $111 million of payments through 2033, about 87 percent of the $127.4 million loan balance.
The RK Investors deal, arranged by CBRE, carries about $270,000 of debt per unit, with first units due in March 2028.
The loan covers the 180-room hotel across from Princeton University that opened in 2024.
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