KKR & Co has acquired a portfolio of 48 select- and limited-service hotels with 6,402 rooms in a deal that included the assumption of what had been a troubled $780 million CMBS loan The loan is securitized through Credit Suisse Commercial Mortgage...
The heated demand for industrial space is having a positive impact on what previously might have been overlooked markets in certain parts of the country A beneficiary is Hazleton, Pa, roughly 45 miles from the heart of the red-hot Lehigh Valley...
Commercial Real Estate Direct Staff Report Prices for commercial properties continued their skyward trajectory, climbing another 224 percent in September, putting them 1244 percent higher on the year so far and 1614 percent greater than they were a...
As much as $5 billion of equity has been raised so far this year through the structured tax-deferred exchange market, putting it on track to top $6 billion of capital for the full year, according to Mountain Dell Consulting LLC That obliterates the...
Commercial Real Estate Direct Staff Report The 353-room Marriott Hanover hotel in the northern New Jersey community of Whippany, NJ, has been appraised at a value of $661 million, one-third less than its value less than two years ago The latest...
Commercial Real Estate Direct Staff Report The Anderson Mall in Anderson, SC, has been put up for sale through Newmark’s national mall team A total of 355,198 square feet of the 670,640-sf enclosed mall serve as collateral for a $1622 million...
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...
Monthly rents at multifamily properties increased in September by $16/unit, or 1 percent from the previous month to $1,558/unit That's the smallest monthly increase since last May, when they grew by only $12/unit, or 08 percent, according to Yardi...
Commercial Real Estate Direct Staff Report The EpiCentre mixed-use property in Charlotte, NC, whose $85 million CMBS loan moved to special servicing earlier this year, has been appraised at a value of $87 million, down from $1305 million in 2014 The...
Commercial Real Estate Direct Staff Report The $842 million CMBS loan against the Square One Mall in the Boston suburb of Saugus, Mass, which was slated to mature in January, has been extended by five years to January 2027 The loan, securitized...
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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