The Real Deal RXR, which last week said it would give some of its properties to its lenders, has clarified that it was in talks over only two properties, in Brooklyn, NY, and lower Manhattan The Uniondale, NY, developer owns 83 properties valued at...
Paramount Realty Services has paid $365 million, or nearly $401/sf, for the 91,069-square-foot View at Marlton retail center in the Philadelphia suburb of Marlton, NJ The Lakewood, NJ, investor bought the property as part of a tax-deferred exchange...
Steps are being taken that might indicate that the 346-room Club Quarters Hotel in San Francisco is close to selling, according to a report in the San Francisco Business Times Last month, a consultant requested a zoning verification letter for the...
The Holiday Inn FiDi, with 492 rooms at 99 Washington St in lower Manhattan, has received court approval to be used as a shelter for illegal immigrants, according to a report in Crain’s New York Business The hotel serves as collateral for...
Commercial Real Estate Direct Staff Report The CMBS delinquency numbers for January improved slightly from the month before, with the total volume of loans that are more than 30 days late with their payments declining by 284 percent to $1815 billion...
Brookfield DTLA Fund Office Trust, which resulted from Brookfield Office Properties Trust's 2013 acquisition of MPG Office Trust Inc, late last year had warned that it might face challenges refinancing a big chunk of its $23 billion of...
Commercial Real Estate Direct Staff Report The venture led by Madison Marquette that owns the Shops at Waldorf Center in southern Maryland has negotiated a modification of the $7525 million CMBS loan against the property Terms of the modification...
Commercial Real Estate Direct Staff Report Trion Properties has paid $236 million, or $226,923/unit, for Courtyard at Artisan Square, a 104-unit apartment property in Sacramento, Calif The Los Angeles investment manager purchased the property from a...
Commercial Real Estate Direct Staff Report The 511,208-square-foot office building at 285 Madison Ave in midtown Manhattan has been appraised at a value of $411 million, one-third less than the $610 million value pegged to it in 2017 when a $475...
Nearly $109 billion of floating-rate CMBS loans mature this year, according to analysis by Kroll Bond Rating Agency While more than 90 percent of that volume is eligible to be extended, those loans generally are required to have interest-rate caps...
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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