The appraised value of a 738-unit apartment property in suburban Cleveland, which was financed with a $53 million CMBS loan just two years ago, has been reduced by just more than 84%, to only $181...
Mesa West Capital has provided $438 million of mortgage financing against two industrial buildings with 730,800 square feet at 4903 and 5115 Winchester Ave in Martinsburg, W Va The two cross-docked buildings were constructed three years ago on a...
Affinius Capital has provided $89 million of mortgage financing to facilitate the $1357 million, or nearly $360/sf, purchase of the 377,000 square feet of office space within the CitySpire building in Midtown Manhattan The 39-year-old building is at...
Commercial Real Estate Direct Staff Report The 42,000 square feet of retail space at the base of the 12-story 599 Broadway office building in Manhattan’s SoHo neighborhood has had its appraised value slashed by nearly 80% to $32 million The...
Commercial Real Estate Direct Staff Report Dwight Capital has originated a $114 million loan under the US Department of Housing and Urban Development’s 221(d)(4) program for the conversion of the 435,629-square-foot office property at 100 East...
New York Real Estate Journal National Realty & Development Corp has lined up $75 million of financing against Orange Plaza, an 811,272‑square‑foot retail property in Middletown, NY, about 70 miles northwest of Manhattan An undisclosed life...
Norman Journal Record A venture of Mazaheri Properties and Champion Hotels has paid $8225 million, or $19743/sf, for University Town Center, a 416,766‑square‑foot retail property in Norman, Okla The venture purchased the shopping center from...
Austin Business Journal Brick Row has acquired the 181,000‑square‑foot office building at 823 Congress Ave in downtown Austin, Texas The local investor purchased the 16-story property from an affiliate of DRA Advisors of New York, which had...
Commercial Real Estate Direct Staff Report Braven Office Commons, a 749,694-square-foot property in Bellevue, Wash, has been placed on the sales block by its receiver as its foreclosure process begins Eastdil Secured has been tapped to market the...
Half of all data-center operators reported that their properties had experienced power outages within the past three years, according to data compiled by the Uptime Institute That was down from 53% in...
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