An unusually large volume of new delinquencies in the CMBS universe last month resulted in an 801% increase in loans that are more than 30 days late to $475 billion That amounts to 786% of the $60442 billion universe tracked by Trepp...
Boston Business Journal Regency Centers has bought Cornerstone at Westford, a 236,000-square-foot retail center in Westford, Mass, for $74 million, or $31356/sf The Jacksonville, Fla, retail REIT purchased the property from its developer, RAVentures...
The Real Deal Eurostars Hotel Co has paid $95 million, or $887,85050/room, for the 107-room Chemists’ Club Hotel at 52 East 41st St in midtown Manhattan The Barcelona company bought the property from Azora, which also is based in Spain, in a...
CMBS loans against enclosed shopping malls that were written in 2016 or before then have a 963% delinquency rate, while those written in 2017 and later have nearly zero...
A total of 208,072 apartment units were absorbed during the first half of the year, while 167,734 units were delivered If demand continues to outpace supply this year, it would be the first time in five years that that's...
Minneapolis/St Paul Business Journal Faegre Drinker Biddle & Reath has agreed to renew its 175,000-square-foot lease at Wells Fargo Center, a 12 million-sf office property in Minneapolis The law firm leases floors 20 through 27 in the 57-story...
Boston Business Journal Equus Capital Partners has bought the two-building Centech Park North industrial property in Shrewsbury, Mass, for $751 million, or $25027/sf The Newtown Square, Pa, investment manager acquired the 300,075-square-foot...
Conditions in the national office market continue to stabilize, with certain gateway areas in full recovery mode New York is one of them SL Green Realty Corp, for instance, reported leasing spreads at replacement leases of 18% during the latest...
Commercial Observer David Yurman, a retailer of designer jewelry, has leased the nearly 24,000 square feet of retail space at the base of the Mandarin Oriental Residences at 685 Fifth Ave in Midtown Manhattan The retail space takes up the four...
Rialto Capital Advisors remained atop a ranking of CMBS conduit B-piece buyers, taking down the most subordinate bonds of four transactions with a balance of $31 billion, or 1926% of the $161 billion of conduit deals that priced during the first...
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