The Real Deal Innovo Property Group, which late last year had struck a deal to buy the 864,303-square-foot office building at 452 Fifth Ave in midtown Manhattan, hasn’t completed its purchase and lost its $35 million deposit Innovo was to have...
Crain’s New York Business Brooklyn, NY, investor Mendel Kaff has purchased two apartment buildings with 555 units in The Bronx, NY, for $169 million Kaff bought the properties from Lineage Properties of New York His Honeywell Towers LLC paid $105...
REBusiness Online Kushner Cos has broken ground for One Journal Square, a mixed-use property in Jersey City, NJ, that will have 1,723 apartment units and 40,000 square feet of ground-floor retail space next to a PATH commuter transit station...
Commercial Observer Rosewood Realty Group is marketing for sale a mixed-use project that’s currently under construction at 159 Broadway in the Williamsburg section of Brooklyn, NY Bidding on the property, which was thrown into bankruptcy in...
Commercial Real Estate Direct Staff Report The $210 million CMBS loan against the Eastview Mall and Commons shopping mall and power center in the Rochester, NY, suburb of Victor, NY, has transferred to special servicing as it’s expected to...
Financier Carl Icahn has filed a lawsuit against Rialto Capital Advisors, claiming the Miami company had "placed its own interests ahead" of those of CMBS investors in the trust that held what had been a $73 million loan against the Prizm Outlets...
Commercial Observer Columbia Property Trust has secured a $270 million mortgage against the 182,305-square-foot office building at 799 Broadway in Manhattan Blackstone Mortgage Trust provided the loan, which was arranged by Eastdil Secured The loan...
The Real Deal A venture of Fairstead, Artemis Real Estate Partners and C-III Capital Partners is offering for sale Savoy Park, a 1,802-unit affordable housing property in Harlem, NY Cushman & Wakefield has the listing for the seven-building...
Commercial mortgages held by life insurers generated a 471 percent negative total return in the first quarter, according to Trepp's LifeComps...
The health of CMBS loans backed by single-tenant properties are a point of interest for many investors, as properties that rely on a lone tenant for all revenue generated are subject to risks that multi-tenant properties are...
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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