Kohan Retail Investment Group, the most prolific buyer of malls backing distressed CMBS loans, has paid $55 million for the Montgomery Mall in suburban Philadelphia The property, previously owned by Simon Property Group, had been encumbered by a...
Commercial Real Estate Direct Staff Report Camden Property Trust reported a 16 percent increase in monthly rents for new leases and renewals at its apartment properties during the third quarter, doubling the second quarter’s 8 percent...
Commercial Real Estate Direct Staff Report The $9179 million CMBS loan against the Belden Village shopping mall in Canton, Ohio, has been granted a five-year term extension to July 2026 The loan, securitized through Morgan Stanley I Inc, 2011-C3,...
Alternative lenders are having a bang-up year, with origination volumes easily topping even 2019's elevated levels, and many reporting record-breaking activity Driving the volume is the continued liquidity in both the lending and property-investing...
Institutional investors have increased their target allocations to commercial real estate to 107 percent this year, from 106 percent in 2020 They're now 180 basis points higher than in 2013, according to a survey of 224 investors with $134 trillion...
Commercial Real Estate Direct Staff Report The volume of commercial property sales remained robust in October, as $48 billion of properties changed hands That brings volume for the year so far to an adjusted $52379 billion, according to Real Capital...
Commercial Real Estate Direct Staff Report The $25868 million CMBS loan against 175 West Jackson Blvd, a 14 million-square-foot office building in downtown Chicago, once again has transferred to special servicer LNR Partners as it’s expected...
RockStep Capital Corp bought the 839,284-square-foot shopping mall for $2242 million, resolving the last remaining asset in Banc of America Commercial Mortgage Trust, 2006-3 The liquidation of the CMBS loan resulted in $7155 million of losses,...
Commercial Real Estate Direct Staff Report A total of $265 billion of apartment property sales took place in in New York City during the third quarter, according to Ariel Property Advisors That’s the highest quarterly total since the fourth...
Starwood Property Trust, which in 2016 and 2018 had purchased a total of 61 affordable-housing properties with 15,057 units in Florida for $125 billion, has completely cashed out of the portfolio that it refers to as WoodStar I and II But it still...
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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