Dallas Morning News Square Mile Capital is taking control of Dallas’ Renaissance Tower The New York lender four years ago had provided a $118 million against the 173 million-square-foot office building, at 1201 Elm St, to a venture of Moinan...
Commercial Real Estate Direct Staff Report Younan Properties has paid $181 million, or $4020/sf, for the 450,154-square-foot Two Westlake Park office property in Houston The purchase by Younan, of Woodland Hills, Calif, was first reported by the...
Commercial Real Estate Direct Staff Report The Destiny USA mall in Syracuse, NY, has been appraised at a value of only $203 million, down from the $710 million pegged to it in 2014, when $430 million of CMBS debt was provided against it The property...
The following item was edited to reflect that the property is owned solely by an affiliate of Pacific Life Insurance Co Bisnow An affiliate of Pacific Life Insurance Co is looking to sell the 1,152-room Washington Marriott Wardman Park hotel in...
The Real Deal Emerald Equity Group, led by Isaac Kassirer, has thrown into bankruptcy roughly a dozen apartment buildings with 1,181 units on and around West 107th and East 117th streets in the Harlem area of New York The bankruptcy was first...
Hartz Mountain Industries is considering handing its 358-room Sheraton Lincoln Harbor Hotel in Weehawken, NJ, over to its lenders in a deed-in-lieu of foreclosure The 29-year-old hotel, at 500 Harbor Blvd, along the Hudson River and next to a pier...
Commercial Observer Silver Point Capital has scheduled an auction for tomorrow to sell its ownership interest in the 27-unit Marker 27 residential condominium project in Irvington, NY The lender provided just over $1 million of debt against the...
The Real Deal Nahla Capital has taken control of the 48-unit Vitre residential condominium development in Manhattan The New York company had provided a mezzanine loan against the 21-story property, which was developed by Wonder Works Construction...
The venture that owns the Westfield Countryside Mall in Clearwater, Fla, which is encumbered by $1483 million of CMBS debt, has indicated that it won't pump any additional capital into the property and will cooperate in a foreclosure The financing...
Dallas Morning News A partnership that owns the Renaissance Tower office building in Dallas has been hit with a foreclosure suit The 56-story property serves as collateral for $118 million of debt that was originated in 2017 News of the foreclosure...
