The Real Deal A venture of Edge Fund Advisors and HSBC Alternative Investments is offering for sale the 11-million-square foot Four New York Plaza office building in Manhattan CBRE has been hired to market the property, which could sell for as much...
Commercial Real Estate Direct Staff Report Goldman Sachs has launched a $265 million CMBS transaction against a portfolio of 58 InnTown Suites extended-stay hotels with 7,140 rooms owned by affiliates of Starwood Capital Group It’s not the...
Vornado Realty Trust has secured $500 million of financing against Penn 11, a 12-million-square-foot office building in Manhattan The interest-only loan, from an undisclosed lender, pays a coupon of Libor plus 275 basis points and matures in October...
Dallas Business Journal Brookwood Financial Partners is offering for sale Heritage One and Two, a pair of office buildings with a combined 367,364 square feet in Dallas The Beverly, Mass, private equity firm has hired NKF to market the buildings at...
Commercial Real Estate Direct Staff Report The Starwood Capital Group venture that owns the Louis Joliet Mall in the Chicago suburb of Joliet, Ill, is negotiating a handover of the property through a deed-in-lieu of foreclosure to its lender,...
Dallas Business Journal Burnett Plaza, a 102 million-square-foot office building in downtown Fort Worth, Texas, has been placed on the sales market Cousins Properties has tapped JLL to market the 40-story building, the city’s tallest It comes...
Shopping malls continue to face challenges, but well-capitalized sponsors increasingly have been able to negotiate modifications for loans against properties that had performed strongly before the coronavirus...
Pyramid Cos has reached an agreement for the modification of a CMBS loan against another of its shopping malls That brings the volume of loans for which the Syracuse, NY, developer has reached modification agreements to $2 billion, or 91 percent of...
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...
Commercial Real Estate Direct Staff Report Brookfield Properties has put the Centre at Salisbury shopping mall in Salisbury, Md, on the sales block The investment manager, which had assumed the 881,067-square-foot retail property through its 2016...
