National monthly rents for apartments continued to climb in June – setting a new record of $23/unit, or 158 percent, to $1,482/unit, according to Yardi Matrix That increase is nearly double the previous record monthly increase, of $12/unit,...
MSCI Inc, a provider of investment data, has agreed to buy Real Capital Analytics, which tracks commercial property investment-sales, for $950 million in cash The transaction is slated to be completed in the fourth quarter and shows just how high...
Unibail-Rodamco-Westfield, which owns 31 shopping centers in the United States, said it has put a "taskforce" in place to "deliver a radical reduction" of its exposure to the United States It already has put in motion a plan to give back four...
The structured tax-deferred exchange market continues to roll This year through June, $275 billion of equity capital was raised, according to Mountain Dell Consulting LLC That puts it on track to easily crush the $365 billion record set by the...
Commercial Real Estate Direct Staff Report Boston Properties Inc plans to assume the $2023 million CMBS loan against 360 Park Ave South, a 451,800-square-foot office building in Manhattan As reported, the Boston REIT has agreed to acquire the...
Commercial Real Estate Direct Staff Report An affiliate of Procaccianti Cos is in talks to possibly turn over, in a deed-in-lieu of foreclosure, the Hilton Suites Chicago Magnificent Mile to the CMBS trust that holds a $6997 million matured loan...
Two executives of the entity that owns a dozen medical-office properties in New Jersey and Florida, whose $7767 million of CMBS financing has been in special servicing for two full years, are alleged to have misrepresented the properties' financial...
A total of at least $12 billion of CMBS financing against eight regional malls matured in recent weeks without getting retired The number shows just how difficult it is for malls, particularly those anchored by Macy's, JCPenney and Sears, to attract...
Commercial Real Estate Direct Staff Report Fannie Mae and Freddie Mac funded a total of $596 billion of multifamily loans during the first half, down 67 percent from the $639 billion they funded during the same period last year Freddie funded $272...
LNR Partners, which as special servicer is handling $100 million of mortgage debt against the Montgomery Mall in suburban Philadelphia, has placed the 11 million-square-foot retail property on the sales block It is said to have hired JLL Capital...
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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