Commercial Real Estate Direct Staff Report Apollo Commercial Real Estate Finance Inc has taken control of the 581-room Mayflower Hotel in Washington, DC, against which it had provided a $20 million junior mezzanine loan in 2015 The property had...
Crain’s New York Business The 282-room Plaza Hotel in Manhattan is scheduled to reopen on May 20 The property, at 768 Fifth Ave, has been temporarily closed since last March as a result of the coronavirus pandemic Katara Hospitality, an...
The Real Deal The 64-room Flatiron Hotel in Manhattan is set to reopen next month The property, at 9 West 26th St, has been temporarily closed since last March as a result of the coronavirus pandemic Premier Equities owns the property, which it...
The lender, which had provided $85 million of mezzanine debt against the equity in the seven select-service hotels, has taken over the properties They previously were owned by a venture of Hersha Hospitality Trust and Cindat Capital Management The...
Atlanta Business Chronicle Brookfield Properties has turned over the Florence Mall in suburban Cincinnati to its lender A total of 384,111 square feet at the 957,000-sf retail property serves as collateral for a $90 million loan that’s...
Commercial Observer The 480-room Novotel New York Times Square hotel in Manhattan has permanently closed Millennium & Copthorne owns the property, which it had bought in 2014 for $2736 million The hotel, at 226 West 52nd St, sits between Eighth...
Preferred Apartment Communities Inc has paid $1357 million for two multifamily properties with a combined 613 units in Florida The Atlanta REIT bought the properties, the Menlo in Jacksonville and the Blake in Winter Springs, from their developer,...
The coronavirus pandemic could result in roughly a quarter of New York City's hotels closing permanently within the coming year, according to the Hotel Association of New York City The trade group estimates that so far the pandemic has resulted in...
Washington Business Journal New York Life Insurance Co has taken the 14 million-square-foot Dulles Town Center Mall in Sterling, Va, in a deed-in-lieu of foreclosure The lender has tapped Centennial Real Estate of Dallas to serve as the...
Ashford Hospitality Trust Inc has transferred to its lenders 13 hotels with 2,127 rooms that backed $4051 million of debt during the third quarter The Dallas REIT expects to give up more properties, as they continue to face challenges as a result of...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
Subscribe to our Weekly Newsletter!
