The Real Deal The venture that owns 300 East 42nd St in midtown Manhattan has handed the 236,392-square-foot office building over to its lender, Fortress Investment Group, which has tapped JLL Capital Markets to market it for sale The venture,...
The Real Deal Goldman Sachs Urban Investment Group has taken through foreclosure the Empire Outlets, a 340,000-square-foot retail property at 55 Richmond Terrace in Staten Island, NY The property had been owned by BFC Partners of Brooklyn, NY, A...
The Real Deal Marathon Asset Management has taken the 40,542-square-foot office/retail building at 263 West 34th St in midtown Manhattan through foreclosure The New York investment manager had provided $50 million of financing to fund the...
A unit of Silver Star Properties REIT Inc, a non-traded REIT formerly known as Hartman Short-Term Income Properties XX Inc, has filed for bankruptcy, which would trigger an event of default for a $21728 million CMBS loan backed by its properties But...
Philadelphia Business Journal Trigild has been named receiver of Philadelphia’s Wanamaker Building, a 954,363-square-foot office property in downtown, or Center City, Philadelphia The historic building, at 100 Penn Square East, which was built...
Commercial Real Estate Direct Staff Report The $274 million of CMBS debt against the 754-unit NEMA San Francisco apartment property has formally transferred to special servicer SitusAMC The action was expected as the loan’s collateral, a...
Commercial Real Estate Direct Staff Report The appraised value of One North LaSalle, a 489,787-square-foot office property in Chicago, has been slashed to $37 million from $1168 million in 2018, when a $672 million loan was made against it Its...
The Real Deal SL Green Realty Corp has taken title to the fee interest, or ground beneath 625 Madison Ave, a 563,000-square-foot office building that it owns The New York REIT took over the property at uniform commercial code auction conducted...
Commercial Real Estate Direct Staff Report TPG Real Estate Finance Trust has sold what had been a $145 million loan it had provided nearly four years ago against the 78,500 square feet of office and retail space at 300 Lafayette St in...
KBS Growth & Income REIT Inc, which in 2016 had acquired the 219,742-square-foot Commonwealth office building in downtown Portland, Ore, has lost the property in a foreclosure It had purchased the property in 2016 for $69 million, funding it with a...
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.
