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Home > Chicago Office Building Sees Sharp Cut in Appraised Value
Macerich Co, which two months ago named Jackson Hsieh its president and chief executive, has adopted a plan that will lead to it selling perhaps 10 properties and giving back up to six of its malls to its lenders...
Bloomberg LP has renewed its lease, through 2040, for 946,815 square feet of office space at 731 Lexington Ave in midtown Manhattan The financial information company has housed its headquarters in the 13 million-sf mixed-use building since it was...
Albany Business Review Heidenberg Properties has paid $28 million for 271,000 square feet, comprised mostly of a former Sears store, at the Colonie Center Mall in Albany, NY The Sears location, which is partly occupied by Whole Foods Market, was...
Commercial Real Estate Direct Staff Report One City Centre, a 602,122-square-foot office building at 1021 Main St in Houston, is under contract to be sold That’s according to a CMBS Newsflash by Morningstar Credit Analytics this morning JLL...
Commercial Real Estate Direct Staff Report Macerich Co has negotiated a three-year term extension of the $8437 million mortgage against the Fashion Outlets of Niagara Falls, taking the loan’s maturity to October 2026 It would be the second...
The volume of delinquency in the CMBS universe ballooned by 74 percent last month to $2971 billion, according to Trepp Inc, putting that metric at a level not seen since late 2021 as the market was recovering from the Covid lockdowns The office...
Host Hotels & Resorts Inc has paid $530 million, or $735,090/room, for a two-hotel complex with 721 rooms in Nashville, Tenn The Bethesda, Md, REIT bought the property, comprised of the 215-room 1 Hotel Nashville and 506-room Embassy Suites by...
Commercial Real Estate Direct Staff Report The $3896 million CMBS loan against 100 Westminster, a 361,462-square-foot office building in Providence, RI, has been extended by a year through next February, with an option that would allow it to be...
Commercial Real Estate Direct Staff Report The two-building office complex at 760 and 800 Westchester Ave in Rye Brook, NY, last year had absorbed a 13 percent increase in utility expenses, helping offset the 64 percent increase in rental income it...
Commercial Real Estate Direct Staff Report American Eagle will vacate the 192,322 square feet it occupies at 393-401 Fifth Ave in midtown Manhattan as part of a broader consolidation As reported, the retailer had signed a lease for 338,035 sf at 63...
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© 2023 Commercial Real Estate Direct All rights reserved..
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