Commercial Real Estate Direct Staff Report An estimated $7971 billion of loans against commercial properties come due this year, according to Trepp Inc That’s roughly 16% of the $503 trillion universe of loans against income-producing...
PCCP has provided $78 million of financing against the 367-unit Alexan Evans Station apartment property in Denver The property, at 2121 South Broadway, next to a light-rail station and near an on-ramp to State Route 85, was developed three years ago...
Washington Business Journal White & Case LLP has leased 196,000 square feet of office space at 1701 Pennsylvania Ave NW in Washington, DC The law firm is leasing its space from Grosvenor of London, which was represented in the lease by JLL...
San Antonio Business Journal Rio Capital Investments has lined up $378 million of financing for its purchase of The Legacy, a 353,000‑square‑foot mixed-use property in San Antonio Nassau CorAmerica provided the loan, which was arranged by CBRE...
Philadelphia Business Journal Goldenberg Group is offering for sale Water Tower Square, a 269,000‑square‑foot shopping center in Lansdale, Pa, for sale The suburban Philadelphia company has tapped CBRE to market the fully occupied property,...
Washington Business Journal Crown Properties has paid $28 million, or $14508/sf, for Monument III, a 193,000‑square‑foot office building in Herndon, Va The New York investor purchased the 13‑story property from Santander Bank, which took...
Baltimore Business Journal Macerich Co has acquired the 15 million‑square‑foot Annapolis Mall in Annapolis, Md, for $260 million, or $17333/sf The Santa Monica, Calif, REIT bought the enclosed mall from a venture led by Centennial, a unit of...
Northwind Group has provided $401 million of mortgage financing for the Ritz-Carlton Residences Palm Beach Gardens, a 106-unit residential property that Catalfumo Cos is developing in Palm Beach Gardens, Fla The loan, arranged by Berkadia, is backed...
Commercial Real Estate Direct Staff Report The commercial real estate market is enjoying a period of substantial lender liquidity Properties that have been stabilized will generally be able to get financing and often will find offers from a number...
Commercial Real Estate Direct Staff Report The commercial real estate sector has become increasingly bifurcated Class-A properties, even offices, are doing quite well Others: not so much That was the meat of the discussion at the Bifurcation and...
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