The vacancy rate for apartment properties in Phoenix was 95 percent in the first quarter, down from 98 percent in the previous quarter, according to Kidder Mathews Meanwhile, rents last quarter increased to $1,525/unit, from $1,514/unit at the end...
Commercial Observer Bank of Montreal and Argentic Investment Management have provided $117 million of financing against Sunrise Tower, the 238-unit apartment property at 620 West 153rd St in the Harlem section of Manhattan Bank of Montreal provided...
Commercial Real Estate Direct Staff Report A venture of SL Green Realty Corp and PGIM Real Estate has secured an extension for the $360 million loan against 100 Park Ave, an 874,022-square-foot office building in Manhattan The loan, initially...
REBusiness Online Giri Hotel Management LLC has paid $19 million, or about $101,604/room, for two neighboring hotels totaling 187 rooms in White River Junction, Vt, about 56 miles south of Montpelier, the state’s capital The Larkin Family...
Commercial Observer Antares has signed a lease to renew and expand its footprint at 280 Park Ave in midtown Manhattan, to 76,000 square feet from 55,000 sf The private equity company will pay $110/sf in rent, in a deal that expires in 2034 A venture...
A total of 85,921 apartment units were absorbed nationwide in the first quarter, up from 53,210 units at the same time last year, according to Cushman & Wakefield Meanwhile, 116,241 units were delivered through the first three months of 2024,...
Ease Capital has provided $32 million of financing against The Station Apartments, a 97-unit property in West New York, NJ Maidstone Advisors of New York arranged the two-year loan, which pays only interest for the life of its term Proceeds from it...
Commercial Observer Bank Hapoalim and Be Aviv have provided $115 million of financing for the development of a 227-unit apartment project at 2359 Bedford Ave in the Flatbush neighborhood of Brooklyn, NY The project is being developed by Clipper...
Commercial Observer Madison Realty Capital has provided $97 million of financing for the construction of a 110-unit condominium project at 38 Jackson St in Hoboken, NJ The project is being developed by The Taurasi Group of Hoboken It also will have...
The Real Deal Barclays and PPM America have hired Newmark to market for sale the 267,641-square-foot office property at 360 Lexington Ave in midtown Manhattan The lenders took the property through foreclosure last year after its owner, Savanna,...
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