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Pacific Life Insurance Provides $125M Refi for Chicago Luxury Tower
Capital keeps flowing into the Windy City. LG Development Group has secured $124.6 million to refinance Arthur on Aberdeen, a 363-unit, 18-story luxury residential tower that opened two years ago in Downtown Chicago. Pacific Life Insurance provided the debt, structured as a three-year, floating-rate loan, while the JLL Capital Market’s team of Danny Kaufman,
S3 Capital Continues Texas Focus, Provides $28M for New Multifamily Construction
S3 Capital appears to be in Texas for the long haul. Tannos Group has secured $28 million in construction financing to build the Albritton, a four-story, 111-unit Class A multifamily development in Friendswood, Texas. S3 Capital provided the debt, bringing the lender’s total to just under $200 million in new construction financings across the Lone […]
Lucas Durst Named Chief Financial Officer at the Durst Organization
The fourth generation of the Durst family is now in position to lead the Durst Organization. Commercial Observer can first report that Lucas Durst, formerly director of finance at the firm, has been appointed chief financial officer of the Durst Organization. Lucas Durst is the son of Jody Durst, president of the firm, and cousin […]