Commercial Real Estate Direct Staff Report Turnbridge Equities has taken over the Tower at Mutual Plaza, a 180,000-square-foot office building next to the American Tobacco district of Durham, NC, with help from financing from Knighthead Funding The...
Commercial Real Estate Direct Staff Report Prologis Inc expects to add another $11 billion of industrial projects to its development pipeline this year, increasing its total for the year to as much as $2 billion That is up significantly from the...
Commercial Real Estate Direct Staff Report Pennsylvania REIT has reached a modification agreement with 80 percent of the lenders on nearly $11 billion of outstanding debt The Philadelphia company owns 26 retail properties with more than 20 million...
A venture of Golden East Investors and Pacific Retail Capital Partners has been selected to take over management of a portfolio of seven shopping malls that Starwood Capital Group had capitalized with an Israeli bond offering and a total of $780...
Condor Hospitality Trust Inc, which more than a year ago had agreed to be acquired by NexPoint Hospitality Trust, said it has terminated the deal because its suitor had failed to complete its purchase Condor, a Norfolk, Neb, company formerly known...
Commercial Real Estate Direct Staff Report Resource Real Estate has proposed merging three non-traded apartment REITs it manages, creating a portfolio of 51 properties with 14,995 units in 15 states valued at $3 billion The resulting company’s...
Apartment Investment & Management Co is planning to spin-off most of its apartment portfolio into a new vehicle, Apartment Income REIT, that will focus exclusively on owning and acquiring stabilized properties The new entity will start life with 98...
The Real Deal Courtyard Management Corp is permanently closing the 167-room Courtyard by Marriott hotel at 8 Herald Square in Manhattan The New York company noted that the closure was due to “unforeseeable business circumstances prompted by...
Commercial Observer Governor Andrew Cuomo announced that restaurants in New York City are allowed to resume indoor dining starting on Sept 30 Restaurants will only be allowed to open at 25 percent capacity and they must install enhanced air...
