CBL & Associates Properties Inc is in talks to turn its Parkdale Mall and Crossing retail properties in Beaumont, Texas, over to its CMBS lender, which holds a $4755 million loan against them...
Commercial Real Estate Direct Staff Report The $13598 million CMBS loan against the Poughkeepsie Galleria shopping mall in suburban New York has once again transferred to special servicing It marks the second time the loan has been in special...
Boston Business Journal Advocates has signed a lease for 95,000 square feet of office space at 251 Locke Drive in Marlborough, Mass, about 31 miles west of downtown Boston The human services nonprofit will house its headquarters at the three-story...
Boston Business Journal An affiliate of Elliott Management has paid $124 million, or $512,397/room, for The Godfrey Hotel, a 242‑room property in Boston The West Palm Beach, Fla, investment firm acquired it from Union Investment, a German asset...
The Real Deal Law firm Baker McKenzie has expanded its footprint at 10 Bryant Park in Midtown Manhattan by 16,000 square feet to 122,000 sf, giving it just more than 14% of the 865,000-square-foot office building’s total space The law firm was...
New York Daily News New York State’s Assembly is planning an additional 1% tax on homes purchased for $1 million or more in cash in New York City The surcharge would apply only to homes sold in New York City and is designed to help balance the...
The Real Deal A lawsuit filed against Bayerische Versorgungskammer, the German pension fund known as BVK, has requested a US federal judge to freeze proceeds from the recent sale of the 703,537-square-foot Transamerica Pyramid office tower in San...
Boston Business Journal Boylston Properties has paid $46 million, or $29299/sf, for a 157,000‑square‑foot office property at 30‑44 Washington St in Wellesley, Mass The Boston company purchased the five‑building complex from the Haynes...
Commercial Real Estate Direct Staff Report The Hagerstown Premium Outlets retail property in the Maryland panhandle has had its appraised value reduced for the fourth time since its CMBS loan got into hot water in 2020 The 484,994-square-foot retail...
Commercial Real Estate Direct Staff Report The Heinz 57 Center office and retail building in downtown Pittsburgh has been reappraised at a value of only $198 million The 14-story building was constructed in 1913 at 339-357 6th Ave as a Kaufmann...
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