A unit of Silver Star Properties REIT Inc, a non-traded REIT formerly known as Hartman Short-Term Income Properties XX Inc, has filed for bankruptcy, which would trigger an event of default for a $21728 million CMBS loan backed by its properties But...
Kansas City Business Journal The Federal Aviation Administration has agreed to lease 80,000 square feet of space at the Lightwell, a 667,222-sf office property in Kansas City, Mo The government transportation agency will take the space in 2025 The...
Commercial Observer Urban Standard Capital has provided $38 million of construction financing for a 76-unit apartment project at 827 Sterling Place in the Crown Heights section of Brooklyn, NY Haussmann Development of New York is developing the...
Commercial Observer Bank Hapoalim International has provided $92 million of financing for the construction of a 270-unit apartment property at 401 West 207th St in Manhattan’s Inwood area The property is being developed by Jay Group of New...
Philadelphia Business Journal Trigild has been named receiver of Philadelphia’s Wanamaker Building, a 954,363-square-foot office property in downtown, or Center City, Philadelphia The historic building, at 100 Penn Square East, which was built...
Dallas Business Journal Bank of America has agreed to lease 238,000 square feet at a 30-story office building that’s being planned for Dallas’ Klyde Warren Park area Once the bank takes its space, the 500,000-square-foot structure will...
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...
Crain’s New York Business Sioni Group has paid $2683 million, or $29817/sf, for the 90,000-square-foot office building at 6 East 45th St in Midtown Manhattan The New York developer, led by Ray and Jack Yadidi, purchased the property from a...
Commercial Observer MF1 Capital has provided $685 million of mortgage financing against The Reserve, a 113-unit apartment property in the East Harlem section of Manhattan The property, at 212 East 125th St, is owned by a venture of Certes Partners...
Boston Business Journal Ascend Elements has signed a lease for the 101,000-square-foot biomanufacturing facility at 39 Jackson Road in the Pathway Devens complex in Devens, Mass, roughly 40 miles west of Boston The lithium-ion battery recycling...
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.
