Commercial Real Estate Direct Staff Report The real estate arm of brothers Michael and David Shabsels last month filed for Chapter 11 bankruptcy protection in US Bankruptcy Court for the District of New Jersey The unit, Damis Holdings LLC, owns 55...
Commercial Real Estate Direct Staff Report Philadelphia’s 1818 Market St office building, with 999,828 square feet, has had its appraised value reduced once again, to $158 million The 54-year-old building, which was purchased by Shorenstein...
Puget Sound Business Journal CWCapital Asset Management has hired Colliers to market for sale the 410,000-square-foot Fourth & Blanchard office property at 2101 Fourth Ave in Seattle The building is expected to sell for $29 million CWCapital is...
Commercial Real Estate Direct Staff Report The volume of CMBS loans in special servicing increased last month by 172% to $6676 billion, which amounts to 112% of the $59584 billion universe tracked by Trepp Inc That’s up from 1086% in May But...
Philadelphia Inquirer The proposed sale of the 176 million-square-foot office building at 1500 Market St in downtown, or Center City Philadelphia, evidently has fallen apart The 37-story building, commonly referred to as Centre Square, backs a $368...
Commercial Real Estate Direct Staff Report The 278 million-square-foot Aon Center office property in Chicago has been re-appraised at a value of $195 million It marks the third time the 83-story building – the third tallest in the city after...
South Florida Business Journal An affiliate of Emerald Creek Capital has taken through foreclosure the Hillsboro Beach Resort in Hillsboro Beach, Fla, about eight miles southeast of Boca Raton, Fla As a result, the 81-unit property is scheduled to...
Tampa Bay Business Journal An affiliate of Ardent has filed a foreclosure suit against the owner of the 432-unit X Tampa apartment project in downtown Tampa, Fla The suit filed by the Atlanta lender claims that the borrower, Chicago developer X Cos,...
San Antonio Business Journal Fortress Investment Group has taken through foreclosure a portfolio of four office buildings with about 415,000 square feet in San Antonio The New York investor took the properties after placing a credit bid of $145...
San Antonio Business Journal An affiliate of Casey Development has tapped Berkadia to market for sale Tacara at Weiss Ranch, a 300‑unit apartment complex in Pflugerville, Texas The property, at 4401 East Pflugerville Parkway, about 18 miles...
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.
