SparrowHawk has paid just less than $400 million, or $9091/sf, for a portfolio of 20 industrial buildings with 44 million square feet in four Midwestern states The Houston industrial property investment manager, which last year lined up $300 million...
The volume of CMBS loans in special servicing last month was just about unchanged from June at $668 billion But as the universe of CMBS grew by more than 1%, the special servicing rate actually declined, to 1109% in July from 112% the preceding...
CMBS lenders appear to be easing their underwriting standards when it comes to leverage levels for office loans that have been securitized through conduit deals...
Alpaca Real Estate has completed capital-raising efforts for its inaugural commingled fund, having raised $223 million of investor commitments The New York investment manager was launched in 2023 by a team led by Daniel Carr, former principal of...
Foreign investors pursuing permanent residency in the United States through the EB-5 visa program have until September 30 to take advantage of existing minimum investment...
Real Capital Solutions has launched its first-ever commingled fund, RCS Contrarian Office Fund, with a $350 million equity target The fund will pursue investments in class-A and -B office properties in primary and secondary markets that might be...
The percentage of CMBS conduit loans that paid off at their maturities last month increased to 7205% from 637% in June, according to Trepp Inc, marking the highest on-time payoff rate in four...
Commercial Real Estate Direct Staff Report With its Aug 15 maturity fast approaching, the $11 billion CMBS loan against a portfolio of eight office and production studio properties with 223 million square feet in Los Angeles owned by a venture of...
Commercial Real Estate Direct Staff Report The venture that owns the 441,922-square-foot office building at 261 Fifth Ave in Manhattan’s midtown South has negotiated a forbearance agreement with the special servicer that’s handling the...
An unusually large volume of new delinquencies in the CMBS universe last month resulted in an 801% increase in loans that are more than 30 days late to $475 billion That amounts to 786% of the $60442 billion universe tracked by Trepp...
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