Crain’s New York Business Verizon has signed a 48-year lease for most of 620 12th Ave, a vacant 144,113-square-foot office building in Manhattan’s Hell’s Kitchen area The four-story property, at 48th Street, is owned by an...
Commercial Real Estate Direct Staff Report The $8982 million CMBS loan against the 12 million-square-foot Mall at Stonecrest in suburban Atlanta finally has been resolved through a discounted pay-off The collateral property’s owner, a venture...
New York YIMBY TSA Studio Architecture has received approval from New York City’s Landmarks Preservation Commission for its redevelopment of 251-253 Fifth Ave in Manhattan’s Madison Square North, or NoMad area, into a mixed-use project...
Commercial Real Estate Direct Staff Report The $300 million CMBS loan against the Santa Monica Place shopping mall in Santa Monica, Calif, has transferred to special servicer Argentic Services Co as its December maturity approaches The loan is...
Commercial Observer Slate Real Estate Capital has provided a $147 million loan against three self-storage properties in the New York City boroughs of the Bronx, Brooklyn and Queens The loan was arranged by Meridian Capital Group for the...
The Real Deal Colony Hills Capital has purchased the 339-unit Royce at Trumbull apartment complex in Trumbull, Conn, for $101 million, or $297,935/unit The Wilbraham, Mass, investment manager bought the property, at 100 Avalon Gates, from a venture...
Another CMBS loan against a shopping mall has transferred to special servicing because it's expected to default at its upcoming maturity The latest is the $11401 million mortgage against Park City Center in Lancaster, Pa, which is owned by an...
The Real Deal The New York Housing Development Corp has leased 109,000 square feet at 120 Broadway, a 191 million-square-foot office building in lower Manhattan The state agency is moving from 110 William St, also in lower Manhattan A venture of...
Commercial Real Estate Direct Staff Report Parkway Inc is working to get the maturity date of the $465 million CMBS loan against its Greenway Plaza office complex in Houston extended The loan, securitized through GS Mortgage Securities Corp,...
Crain’s New York Business Community Access has started work on Baez Place, a 154-unit affordable-housing project in the Bronx, NY The Manhattan nonprofit is developing the property at 1861 Carter Ave in the borough’s Claremont...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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