Rent growth in the multifamily sector nationwide is stabilizing after the record increases achieved following the coronavirus pandemic The country's hottest markets, including Phoenix and Las Vegas, saw asking rents fall in the first quarter They...
Commercial Real Estate Direct Staff Report The Melohn Group, which owns the 574,878-square-foot office building at 111 West Jackson Blvd within Chicago’s Loop, is attempting to negotiate a workout of the property’s $105 million of CMBS...
Commercial Real Estate Direct Staff Report Pinnacle II, a 230,000-square-foot office building in Burbank, Calif, that serves as collateral for an $87 million CMBS loan has gone vacant The vacancy was highlighted in a TreppWire report The property,...
Commercial real estate brokers in New York have become even more pessimistic than they had been, according to a survey by the Real Estate Board of New York, or REBNY The trade group, which represents brokers, building owners, managers and developers...
REBusiness Online LCOR has begun leasing The Ryland, a 267-unit apartment property in the Society Hill of neighborhood of Philadelphia The 31-story property, at 1 Dock St, has 44 studios, 154 one-bedroom units, 44 two-bedroom apartments and 25...
The Real Deal Uber is offering for sublease Chase Center Tower II, a 268,500-square-foot office property in San Francisco The rideshare company in 2019 started paying $85/sf for space at the building, but never moved in as it was having the property...
Commercial Real Estate Direct Staff Report Companies that occupy office space are increasingly requiring that their employees return to their offices, according to CBRE’s Spring 2023 Office Occupier Sentiment Survey The brokerage, which...
REBusiness Online J&L Cos has completed construction on Fifty-Five Union, a 403-unit apartment property in the Iron Bound neighborhood of Newark, NJ Leasing is underway at the property, which has a mix of studio, one- and two-bedroom units with...
Crain’s New York Business New York City government officials are itching to develop a program to replace the now-expired 421-a tax abatement, which had provided tax breaks to developers for including affordable units in their apartment...
Crain’s Chicago Business Groupon is terminating its 300,000-square-foot lease at 600 West Chicago Ave, a 16 million-sf office property in Chicago The online marketplace paid $96 million to exit its lease next January The deal originally was...
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.
