The Real Deal SL Green Realty Corp has sold a $100 million construction loan against the 223-unit Gramercy Square residential condominium project in Manhattan Reuben Brothers, a British investment firm, bought the loan for between 96 to 97 percent...
Commercial Real Estate Direct Staff Report Unable to de-regulate the rent-stabilized units in a portfolio of 1,083 Manhattan apartments, a venture of Praedium Fund VI and Pinnacle Group International is looking to convert the units to for-sale...
Moody’s Investors Service has downgraded three classes of Lehman Brothers Floating Rate Commercial Mortgage Trust, 2006-CCL C2, because of the weak performance of four collateral loans The rating agency said the properties securing the loans,...
Corus Bank has provided a $659 million loan for the acquisition and conversion to condominiums of the 440-unit Tanamera Apartment Homes at Double Diamond Ranch in Reno, NevCorus had provided the property owner, an affiliate of The Barone Group, with...
San Diego Union-TribuneThe San Diego City Council tightened regulations governing the conversion of apartments into condominiums Approved regulations include the full disclosure of a complex’ conditions, including roofing, plumbing and...
The Boston GlobeDeveloper Liffey 451 LLC plans to redevelop the nine-story Fargo Building property in Boston into 263 residential condominium units from office and commercial space with 18,000 square feet of retail space on the first floor The...
Baltimore Sun Park Avenue LLC, a private Washington, DC, developer will redevelop the long-vacant Brexton apartment building in Baltimore, transforming the units into upscale condominiums Plans call for creating six one-bedroom residences and seven...
The apartment market remains a favorite among investors as 3,803 properties traded hands through October, the largest transaction volume of any commercial real estate class The year has so far seen $718 billion of sales, a 43 percent jump from last...
Florida Times-UnionDeveloper LB Jax Development LLC has plans to renovate and convert the Park View Inn in Jacksonville, Fla, into a 100-unit condo project The condos would be workforce housing, targeting low- to middle-income households, costing...
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.
