Commercial Real Estate Direct Staff Report AvalonBay Communities Inc started seeing signs of a recovery during the fourth quarter in markets that were hardest hit by the coronavirus pandemic The Arlington, Va, REIT’s 3,788 apartment units in...
The CMBS market appears to be continuing to stabilize following the coronavirus-induced trough as the volume of loans in special servicing declined by another 1 percent last month, to $5196 billion, according to Trepp LLC February marks the fifth...
The volume of delinquent CMBS loans declined by a whopping $43 billion last month, to $3676 billion, according to Trepp LLC That brings the volume of loans that are more than 30 days late with their payments to its lowest level in 10 months But $124...
Commercial Real Estate Direct Staff Report Summit Hotel Properties Inc’s revenue per available room was $4279 in the fourth quarter, a 637 percent decline from a year ago That drop is in line with the 635 percent drop in RevPAR, to $4683, the...
Commercial Real Estate Direct Staff Report Electra America and AKA are in the market to raise $500 million of equity commitments for a hotel investment fund The vehicle, Electra America Opportunity Fund, will pursue full-service properties in...
Commercial Real Estate Direct Staff Report Wheelock Street Capital has raised $500 million for its first open-ended investment fund, Wheelock Street Real Estate Long Term Value Fund The fund is a complementary vehicle to the Greenwich, Conn,...
Commercial Real Estate Direct Staff Report Chatham Lodging Trust’s revenue per available room in the fourth quarter was $4730, a 179 percent decrease from $5760 in the third quarter and a 604 percent drop from $11940 a year earlier Dennis...
The following story has been edited to correct the size of KKR Real Estate Finance Trust Inc’s forward pipeline, which previously was understated, and clarify its financing strategy Commercial Real Estate Direct Staff Report KKR Real Estate...
CBRE Group Inc has acquired a 35 percent stake in Industrious in a deal that values the flexible workspace provider at more than $571 million The Dallas company paid more than $200 million for the stake, making it Industrious’ largest...
Commercial Real Estate Direct Staff Report The amount of office space that’s on the sublease market in Chicago’s central business district has reached 55 million square feet, surpassing the 42 million sf that was available during the...
