South Florida Business Journal The owner of the Cross County Plaza shopping center in West Palm Beach, Fla, has been hit with a foreclosure suit A venture that includes Bernardo Kohn and Paul Pollack, both of New York, owns the 357,537-square-foot...
Commercial Real Estate Direct Staff Report The 102-year-old Hotel Pennsylvania in Manhattan has closed its doors permanently Vornado Realty Trust owns the 1,700-room hotel, which the New York REIT plans to demolish and redevelop in the next two...
Commercial Real Estate Direct Staff Report Properties owned by Pebblebrook Hotel Trust Inc recorded a revenue per available room, or RevPAR, of $7083 during the first quarter That’s up 149 percent from the $6164 of RevPAR posted in the fourth...
Commercial Real Estate Direct Staff Report Equity Residential says it has been able to reduce the concessions it offers prospective tenants to rent units at its 304 properties, which have nearly 78,000 units and are in urban and high-density...
A total of 37 CMBS loans with a balance of $113 billion transferred anew to special servicing in April, according to Trepp LLC But special servicers resolved substantially more - roughly $34 billion - resulting in a 442 percent decline in the volume...
Equity Commonwealth, which had a whopping $3 billion of cash on its balance sheet at the end of last year as a result of a year's long portfolio disposition effort, has agreed to buy Monmouth Real Estate Investment Corp in an all-stock deal valued...
Commercial Real Estate Direct Staff Report The volume of delinquent CMBS loans declined by 1 percent last month, to $353 billion from $3566 billion, marking the 10th straight month in which delinquencies have dropped, according to Trepp LLC That...
Realty Income Corp has agreed to buy VEREIT Inc through a stock swap, creating one of the largest REITs in the country, with an enterprise value of about $50 billion The surviving company will own 10,300 properties with nearly 200 million square...
The distressed $898 million CMBS loan against the Mall at Stonecrest in suburban Atlanta might be nearing its resolution Hallmark Venture Group says it acquired the collateral property But whether a deal has been completed remains to be seen The...
Commercial Real Estate Direct Staff Report A gauge that Kroll Bond Rating Agency uses to measure stress in the CMBS sector declined in March for the first time in more than a year The company’s Kroll-Loans of Concern, or K-LOC, index fell to...
