The proposed $131 million sale of the Valley West Mall in West Des Moines, Iowa, to the city has fallen apart The enclosed shopping mall has been under the oversight of a court-appointed receiver since 2022 It backs a $3742 million mortgage that's...
Dallas Morning News The proposed sale of Harwood Center in downtown Dallas never came to fruition, as the CMBS trusts that hold the property’s $7883 million of distressed debt opted not to sell it COMM 2014-CR20, which holds a $5245 million...
The Real Deal Carolwood’s deal to buy EY Plaza, a 920,308-square-foot office building in Los Angeles for $130 million, or $14126/sf, has fallen through The property is owned by an affiliate of Brookfield Properties, but is in the hands of a...
Commercial Real Estate Direct Macerich Co, which previously had planned to offer its South Plains Mall in Lubbock, Texas, for sale, has changed its mind and is now aiming to get the maturity date of the property’s $200 million mortgage...
Crain’s New York Business Wells Fargo Bank has provided $450 million of financing against the Sven, a 958-unit apartment property in the Long Island City section of Queens, NY, that’s owned by the Durst Organization The developer had...
The Real Deal Consus Asset Management is said to have backed out from buying the 1 million-square-foot office tower at 777 South Figueroa St in Los Angeles The South Korean investment firm reportedly was paying $145 million, or $145/sf, for the...
Highwoods Properties, which two years ago said it would exit the Pittsburgh market, where it owns two office properties totaling 216 million square feet, has put that plan on hold as market conditions aren't in its...
Dallas Morning News The unidentified limited liability company that in December had agreed to buy the three-story Westway One office building in suburban Dallas has backed out of the deal The Dallas investor, which was being represented by The Good...
BRT Apartments Corp, which last March had struck a deal to pay $625 million, or $262,605/unit, for a 238-unit apartment property in suburban Richmond, Va, is trying to terminate its agreement The company is willing to complete a deal, but at a lower...
Denver Energy Center, a two-building office property with 770,583 square feet in Denver's Uptown area, failed to sell recently, which could very well make it a drag on the CMBS deal that had held a $9722 million loan against it The offering marks...
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