Commercial Real Estate Direct Staff Report The New York City Council failed to muster the votes needed to override former Mayor Eric Adams’ veto of the New York Community Opportunity to Purchase Act, or COPA, that would have given nonprofit...
Crain’s New York Business Tishman Speyer is in advanced talks to purchase the 12 million-square-foot Chrysler Building in Manhattan The New York investor would acquire the property from Cooper Union, which last year hired Savills to market...
Bisnow Blackstone is considering selling Willis Tower, a 379 million-square-foot office property in Chicago The New York investment manager has reportedly had conversions with a group of investors that are willing to assume the property’s $133...
Net Lease Office Properties, which was formed nearly three years ago through the spin-off of WP Carey Inc's office portfolio, so far has sold 37 of its original 59 properties, leaving it with 22 properties that generate $2891 million of annualized...
Crain’s Chicago Business Sterling Bay is offering for sale the 197,433-square-foot office property at 345 North Morgan St in Chicago The local developer has tapped JLL to market the property, which was developed in 2022 The 11-story building...
The collateral pool for what originally was a $3848 million CMBS loan against a portfolio of apartment properties that Chetrit Group purchased in 2019 for $522 million is likely to shrink further in the coming months...
Commercial Real Estate Direct Staff Report Palisades Center Mall in New York’s Rockland County is scheduled to be sold at a foreclosure auction on Feb 4 News of the pending foreclosure auction was reported first by the Rockland County Business...
MG Properties, which had set a goal of making $1 billion of acquisitions last year, fell short of that target, buying seven apartment properties for $800...
Tampa Bay Business Journal Pelican Walk Plaza, a 38,713-square-foot retail property on Clearwater Beach, Fla, is for sale with an asking price of $25 million, or $64578/sf CBRE has the listing for the shopping center, the largest on the island Local...
The 1700 Market St office building in downtown, or Center City, Philadelphia has been placed on the sales block as its foreclosure case is winding down Cushman & Wakefield, receiver for the 850,209-square-foot property, has been tapped to market...
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.
