A venture of Elliott Investment Management LP and Morning Calm Management has acquired City Office REIT Inc, a Vancouver, British Columbia, REIT with a portfolio of 49 office buildings totaling 54 million square feet in eight major markets The...
Park Hotels & Resorts Inc, which at the start of the year said it would sell up to $400 million of its properties, is now planning to sell additional assets that it deems non-core to its portfolio In total, it expects to generate up to $600 million...
Commercial Real Estate Direct Staff Report Office Properties Income Trust, which last year expressed doubt about its ability to continue as a going concern, has filed for bankruptcy The filing was made in October in the US Bankruptcy Court for the...
Orion Properties Inc, which has been fine-tuning its portfolio and making efforts to pay down certain debt, has proposed modifying the terms of a $355 million CMBS loan against 19 of its office properties That prompted the loan's transfer to special...
Major apartment-owning REITs have bought and sold $69 billion of properties this year through September, marking a significant increase from last year, when they completed only $37 billion of deals...
Commercial Real Estate Direct Staff Report Morgan Stanley Investment Management’s entry into the non-traded REIT sector, North Haven Net REIT, has paid $2114 million, or $30040/sf, for the 703,728-square-foot industrial property at 9785...
The following story was edited to correct the size of the new loan, which previously was overstated Commercial Real Estate Direct Staff Report Simon Property Group has lined up $120 million of fresh financing from Bank of America and Societe...
The loan portfolios held by mortgage REITs continued to shrink during the third quarter, with the 15 major companies holding a collective $7969 billion of mortgages as of the end of September, down from $8063 billion in June and $10488 billion in...
Commercial Real Estate Direct Staff Report Camden Property Trust has been reducing the rents it charges at its apartment properties while focusing on maintaining occupancy The Houston REIT, which owns 174 properties with 59,416 units, primarily in...
Commercial Real Estate Direct Staff Report BXP Inc signed 79 office leases for 152 million square feet during the third quarter, up 39% from a year ago and 30% more than its five-year average for third quarters It also marked its busiest third...
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