Western Wealth Capital has paid $1175 million, or $178,300/unit, for the 659-unit Onnix apartment property in the Phoenix suburb of Tempe, Ariz The Vancouver, British Columbia, investment manager bought the property, at 1500 East Broadway Road, from...
Crain’s New York Business Orb Management has filed a lawsuit in New York State Supreme Court, alleging that fitness company Equinox defaulted on most of its rental payments since March for its space at 421 Hudson St in Manhattan Orb claims...
Commercial Observer A venture of MAG Partners, Atalaya, Safanad and Qualitas, an Australian asset manager, has secured $173 million of construction financing for a 479-unit apartment project in Manhattan Madison Realty Capital provided the...
Shopping malls continue to face challenges, but well-capitalized sponsors increasingly have been able to negotiate modifications for loans against properties that had performed strongly before the coronavirus...
Pyramid Cos has reached an agreement for the modification of a CMBS loan against another of its shopping malls That brings the volume of loans for which the Syracuse, NY, developer has reached modification agreements to $2 billion, or 91 percent of...
Commercial Real Estate Direct Staff Report Pennsylvania REIT has reached a modification agreement with 80 percent of the lenders on nearly $11 billion of outstanding debt The Philadelphia company owns 26 retail properties with more than 20 million...
Commercial Real Estate Direct Staff Report Owners of apartment properties lost an estimated $92 billion of revenue from missed rental payments in the third quarter, according to a study by the Mortgage Bankers Association That was up slightly from...
Commercial Real Estate Direct Staff Report RK Properties has paid $66 million, or $222,973/unit, for the 296-unit Coda Apartments in Orlando, Fla The Long Beach, Calif, company bought the property on behalf of a Delaware Statutory Trust it sponsored...
AXA Equitable Financial Life Insurance Co has provided $1363 million of financing against the 576-unit apartment property at 200 Water St in lower Manhattan The loan allowed the property's owner, Rockrose Development Corp of New York, to retire...
Commercial Real Estate Direct Staff Report The $168 million mortgage against the Park Place Mall in Tucson, Ariz, has moved to special servicing as it’s expected to default The property’s owner, meanwhile, has indicated that it is...
