Commercial Real Estate Direct Staff Report The universe of commercial mortgages outstanding in the United States increased by $377 billion in the second quarter, to $46 trillion, according to the Mortgage Bankers Association The increase was driven...
Commercial Real Estate Direct Staff Report InterSystems Corp, which occupies 239,417 square feet, or nearly 59 percent of the 409,422-sf One Memorial Drive office building in Cambridge, Mass, is expected to terminate its lease by July 2025 The data...
Commercial Real Estate Direct Staff Report STV Inc, which leases 133,000 square feet of office space at 225-233 Park Ave South in Manhattan’s Union Square area, will not be renewing its lease when it rolls next May It’s relocating to the...
Commercial Real Estate Direct Staff Report The $73 million loan against the Regions Tower, a 687,237-square-foot office property in Indianapolis has transferred to special servicing because it’s expected to default at its maturity next month...
Commercial Real Estate Direct Staff Report The $693 million loan against the 484,994-square-foot Hagerstown Premium Outlets has gone 30 days late in its payment, according to a September remittance report The missed payment was highlighted this...
The volume of multifamily sales nationwide totaled $282 billion in the second quarter - down 718 percent from a year ago - according to Newmark Meanwhile, multifamily debt originations totaled $723 billion through the first half of 2023, down 58...
Commercial Real Estate Direct Staff Report The $180 million CMBS loan against the Dumbo Heights Portfolio, a collection of four office buildings totaling 753,074 square feet in the Dumbo neighborhood of Brooklyn, NY, was not paid off ahead of its...
The vacancy rate for retail properties along Chicago's Magnificent Mile was 141 percent in the second quarter, according to Cushman & Wakefield That's down from 163 percent in the second quarter of last year, but well more than the 33 percent rate...
The sale-leaseback sector had an 83 percent increase in transaction volume in the second quarter, to $513 billion, according to SLB Capital Advisors That remains well less than the $617 billion quarterly average since the third quarter of 2020...
Major apartment-owning REITs that have a portfolio concentration in the country's Sunbelt region reported the smallest growth in rents in the second quarter, at 068 percent...
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.
