A case wending its way through the court system raises questions about the integrity of the bankruptcy and Uniform Commercial Code processes The case, filed in the US District Court for the Southern District of New York, revolves around the actions...
The Real Deal A venture of Witkoff Group and Access Industries has acquired the XI residential condominium project at 76 11th Ave in Manhattan at a foreclosure auction The two-building project, along the High Line linear park on Manhattan’s...
Crain’s New York Business A bankruptcy court judge has allowed SL Green Realty Corp to be removed as property manager of 245 Park Ave in midtown Manhattan The 18 million-square-foot building is owned by HNA Group of China’s PWM Property...
Crain’s Chicago Business AmTrust Realty Corp is in talks to possibly turn over, in a deed-in-lieu of foreclosure, Chicago’s 135 South LaSalle St to the CMBS trust that holds a $100 million loan against the 13 million-square-foot office...
Commercial Real Estate Direct Staff Report The CMBS trust that held what most recently was a $7416 million mortgage against the Park Plaza shopping mall in Little Rock, Ark, has taken the property through foreclosure The loan, which had encumbered...
Commercial Real Estate Direct Staff Report SL Green Realty Corp has denied claims by PWM Property Management, an affiliate of the owner of Manhattan’s 245 Park Ave, that it’s at fault for vacancies the property is facing PWM, an...
Commercial Real Estate Direct Staff Report The bankruptcy of an affiliate of HNA Group of China could result in the ultimate sale of office properties at 245 Park Ave in Manhattan and 181 West Madison St in Chicago The affiliate, PWM Property...
The Real Deal A venture of Spring Progress Investment Solutions and the Singapore unit of Haitong International Financial Services has taken control of the Oceanwide Center mixed-use project that’s under construction in San Francisco Oceanwide...
Commercial Real Estate Direct Staff Report Starwood Capital Group is finalizing the deed-in-lieu of foreclosure transfer of the Rimrock Mall in Billings, Mont, to Wells Fargo Commercial Mortgage Trust, 2013-LC12, which holds a $7277 million loan...
Washington Prime Group, which earlier this year added seven malls to its list of non-core properties, has formally told the servicer of the $676 securitized million mortgage against the Brunswick Square Mall in East Brunswick, NJ, that it would...
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.
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