The World Cup is being held on North American soil for the first time since 1994 While it's still too early to gauge the full economic impact of the tournament on the US hotel sector, the early buzz is that hotels are benefiting from the event...
Crain’s Chicago Business The buzz is that a venture of Anagram Real Estate and Glendon Capital Management is in talks to buy the office component of Chicago’s River North Point mixed-use property out of foreclosure Trigild of Dallas is...
Meta Platforms Inc continues making strides to offload the 589,112 square feet of space it leases at the Sixth and Guadalupe mixed-use tower in Austin, Texas The parent company of social media platforms Facebook and Instagram recently inked The...
Commercial Real Estate Direct Staff Report The volume of multifamily loans in special servicing should plunge this month as the $5395 million senior mortgage against the Yorkshire & Lexington Towers apartment buildings, with a total of 808 units...
Washington Business Journal An affiliate of DSF Group has paid $2163 million, or $337,696/unit, for Shenandoah Crossing, a 640-unit apartment complex in Fairfax, Va The Boston investor purchased the garden-style property from AIR Communities of...
Commercial Real Estate Direct Staff Report Ashford Hospitality Trust Inc has sold the 254-room Hilton Garden Inn Austin Downtown hotel for $2685 million, or $105,709/room The Dallas REIT sold the 41-year-old property, at 500 North Interstate 35, to...
The 171,395-square-foot office building at 200 West 57th St, two blocks south of Central Park in Midtown Manhattan, has seen a sharp decline in cash flow over the years, to the point where it's no longer sufficient to fully service its $115 million...
Commercial Real Estate Direct Staff Report The $290 million mortgage against the 839,712-square-foot office building at 26 Broadway in Lower Manhattan has transferred to special servicing because it’s expected to default The transfer to...
A total of $187 billion of CMBS loans against Philadelphia office buildings are delinquent Six of the collateral buildings, which back $52518 million of financing, are or soon will be in...
Commercial Real Estate Direct Staff Report Clipper Realty Inc expects to turn over the 12-story mixed-use building at 250 Livingston St in Brooklyn, NY, to its lender Last September, the New York REIT stopped making debt-service payments on the...
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.
