The lender, which had provided $85 million of mezzanine debt against the equity in the seven select-service hotels, has taken over the properties They previously were owned by a venture of Hersha Hospitality Trust and Cindat Capital Management The...
The Real Deal The Icahn School of Medicine at Mount Sinai has agreed to lease 165,000 square feet of laboratory space at 787 Eleventh Ave, a 449,667-sf mixed-use building in Manhattan A venture of Georgetown Co and Pershing Square Capital Management...
Commercial Observer CIM Group has secured $400 million of financing against the 745,000-square-foot office building at 1440 Broadway in Manhattan JPMorgan Chase Bank provided a $300 million loan, which will be securitized in an upcoming,...
Dallas Business Journal Brightstar Corp is said to be leasing the 274,994-square-foot Lakeside Ranch 350 industrial building in the Dallas suburb of Flower Mound, Texas The Miami company, a global provider of wireless services and device management...
Commercial Real Estate Direct Staff Report Harbor Group International has paid $309 million for eight apartment properties with 2,322 units in North Carolina and Virginia The Norfolk, Va, investment manager bought the portfolio from a venture of...
South Florida Business Journal CIBC Bank USA has provided $1538 million of construction financing for the development of a 200,000-square-foot warehouse in Jupiter, Fla TPA Group recently broke ground on the industrial project, at 15601 Park of...
Commercial Real Estate Direct Staff Report AvalonBay Communities Inc started seeing signs of a recovery during the fourth quarter in markets that were hardest hit by the coronavirus pandemic The Arlington, Va, REIT’s 3,788 apartment units in...
Crain’s New York Business The Trump Organization has sued footwear company Marc Fisher for unpaid rent at the Trump Tower mixed-use building in Manhattan The suit, filed in New York State Supreme Court in Manhattan, alleges that Fisher owes...
Crain’s New York Business B&F Management has filed plans for a 121-unit residential condominium project in Manhattan The 33-story building, at 12 East 37th St, will include a commercial component The development site is between Madison and...
Boston Globe Alexandria Real Estate Equities has agreed to acquire the 250,000-square-foot Watertown Mall in the Boston suburb of Watertown, Mass The Pasadena, Calif, REIT is buying the property from Rosen Associates Management Corp of New York...
